2016 Year-End Financial Results
Global Banking and Markets
Net Income ($MM)
Year-over-Year Highlights
Net Income up 42%
461
421
•
366
325
323
•
•
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Average Loans² ($B)
3
Net Interest Margin (%)
84
81
1.78
81
81
1.72
75
1.60 1.58 1.60
•
•
Higher contributions from fixed
income and corporate banking
Positive impact of foreign currency
translation
Partly offset by higher PCLS
Revenue up 27% and NIM up 18bps
Loans up 8%
PCL loss ratio up 5 bps, driven by
provisions in Asia and the U.S.
Expenses up 18%
Higher performance-related and
stock-based compensation,
technology, compliance and
regulatory costs
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
(2)
(3)
Attributable to equity holders of the Bank
Average Business & Government Loans & Acceptances
Corporate Banking only
10
Strong quarter, driven by
higher client activity
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