Canadian Banking Financial Overview
Global Banking & Markets
1,2
Net Income ($MM)
Highlights
Net income down 20% Y/Y
467
427
449
404
375
•
48
379
•
Lower contributions from
investment banking and our
lending business in Asia
Last year benefited from an
investment banking gain and a
securities gain in U.S. lending
Higher PCLS and a negative CVA
and accounting adjustment
Revenue down 14% Y/Y
Q3/14
Q4/14
•
Q1/15
Q2/15 Q3/15
•
Loan growth of 9% Y/Y
Net after-tax notable items in Q4/14
•
•
Average Loans³ ($B)
Net Interest Margin (%)
71
64
63
65
70
1.71 1.73 1.72
1.64 1.62
Q3/14 Q4/14 Q1/15 Q2/15 Q3/15
Q3/14 Q4/14 Q1/15 Q2/15 Q3/15
(1)
Attributable to equity holders of the Bank
(2)
(3)
(4)
Adjusted for notable items in Q4/14 - (See Appendix - Notable Items)
Average Business & Government Loans & Acceptances
Corporate Banking only
10
NIM down 9 bps Y/Y
Expenses down 3% Y/Y
.
Lower performance based
compensation
Operating leverage of -3.4% YTD
Moderated results reflective of
challenging market conditions
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