Americas Wholesale Banking Growth and M&A Advisory
Q2 2021 Financial Performance
$MM, except EPS
Q2/21
Y/Y
Q/Q
Reported
Net Income
$2,456
85%
Pre-Tax, Pre-Provision Profit
$3,694
3%
2%
(4%)
Diluted EPS
$1.88
88%
1%
Revenue
$7,736
(3%)
(4%)
Expenses
$4,042
(7%)
(4%)
Productivity Ratio
52.2%
(260 bps)
10 bps
Core Banking Margin
2.26%
(9 bps)
(1 bp)
PCL Ratio¹
33 bps
(86 bps)
PCL Ratio on Impaired Loans¹
80 bps
24 bps
(16 bps)
31 bps
Adjusted²
Net Income
$2,475
81%
Pre-Tax, Pre-Provision Profit
$3,720
2%
2%
(4%)
Diluted EPS
$1.90
83%
1%
Revenue
$7,736
(3%)
(4%)
Expenses
$4,016
(7%)
(4%)
Productivity Ratio
51.9%
(210 bps)
10 bps
ADJUSTED NET INCOME² YEAR-OVER-YEAR ($MM)
•
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted EPS² +83%
Adjusted pre-tax, pre-provision profit² +2%
Adjusted revenue² -3%
。 Net interest income down 5% driven by lower margins
o Non-interest income up 1%
Core banking margin -9 bps (-1 bp Q/Q)
o Decline primarily driven by central bank rate cuts, business
mix changes and lower margin liquid assets
Adjusted expenses² -7%
YTD adjusted operating leverage² of +3.4%
Strong ROE² of 14.9%, up 670 bps (+50 bps Q/Q)
ADJUSTED NET INCOME 2,3 BY BUSINESS SEGMENT ($MM)
279
(305)
+94%
1,350
(241)
+165%4
21
+21%
--1%->>
2,475
931
1,371
197
481
429
314
378
523
517
Q2/20
Net interest
Income
Non interest
income
PCLS
Non-interest
expenses
Taxes
Q2/21
Canadian Banking
International
Banking
Global Wealth
Management
Global Banking and
Markets
Q2/20
Q2/21
1 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
2 Refer to Non-GAAP Measures on slide 37 for adjusted results
3 Attributable to equity holders of the Bank
4Y/Y growth rate is on a constant dollar basis
10View entire presentation