Q1 2022 Financial Performance
Global Banking and Markets
Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and
access to capital markets. GBM is a full service wholesale bank in the Americas, with operations in 21 countries, serving clients across
Canada, the United States, Latin America, Europe and Asia-Pacific.
Business Overview
Asia
Financial Results
Canada
4%
Europe
8%
Q1/22
Global
53% Equities
Business
48% Banking
Geographic
22%
Q1/22
Revenue By
Revenue¹
Business Line¹
$1.4Bn
$1.4Bn
35%
US
30%
FICC
Q1/22
Y/Y
Q/Q
Reported
Net Income²
$561
3%
12%
Pre-Tax, Pre Provision Profit³
$734
2%
25%
Revenue
$1,404
5%
19%
Expenses
$670
9%
13%
PCLS
($16)
nmf
nmf
Net Income² ($MM) and ROE4 (%)
Productivity Ratio4
PCL Ratio4,5
47.7%
170 bps
(260 bps)
(6 bps)
(14 bps)
12 bps
PCL Ratio Impaired Loans 4,5
(3 bps)
(9 bps)
(4 bps)
17.4%
17.3%
17.4%
16.1%
15.5%
543
502
517
561
513
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Medium-Term Financial Objectives
Net Income Growth 2,7
Productivity Ratio
Operating Leverage?
Target6
~5%
~50%
Positive
1 TEB Revenue. Note GBM Latam revenue contribution is reported in International Banking results; 2Attributable to equity holders of the Bank; 3 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; "Refer to page 48 of the
Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto;
5 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day; 7 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's
First Quarter 2022 Report to Shareholders, available on http://www.sedar.com;
39View entire presentation