Earnings & Dividend Growth Presentation
MEDIUM-TERM FINANCIAL OBJECTIVES
Achievable objectives driven by strong operations across our footprint
METRIC
OBJECTIVES
2018 YTD RESULTS1
(YTD/YTD)
ALL BANK
EPS Growth
7% +
+9.2%
ROE
14% +
15.2%
Operating Leverage
Positive
4.7%
Capital
Strong Levels
11.4%
OTHER FINANCIAL
OBJECTIVES
Dividend Payout Ratio
40-50%
47.1%
CANADIAN BANKING
Net Income Growth
Productivity Ratio
7% +
+8.4%
<49%
49.2%
INTERNATIONAL BANKING
Net Income Growth²
9%+
Productivity Ratio
<51%
1 Adjusted for Acquisition-related costs, including the Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, and
amortization of intangibles related to current and past acquisitions
2 On a constant dollar basis
+17.2%
52.2%
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