Investor Presentaiton
Q3 2015 Financial Performance
$ millions, except EPS
Q3/15 Q/Q
Y/Y1
Net Income
$1,847
+3%
+3%
.
Diluted EPS
$1.45
+2%
+4%
•
Revenues²
$6,232
+3%
+5%
Expenses
Productivity Ratio
$3,334 +3%
53.5% +20bps +60bps
+6%
Core Banking Margin² 2.40% -1bps -1bps
Dividends Per Common Share
+$0.02
+$0.02
+$0.02
$0.68 $0.68
$0.66 $0.66
$0.64
Q3/14
Q4/14 Q1/15
Q2/15 Q3/15
Announced dividend increase
Excludes notable gain of $555 million after-tax in Q3/14 - (See Appendix - Notable Items)
(1)
(2)
Taxable equivalent basis
6
•
Highlights
Diluted EPS growth of 4% Y/Y1
Revenue growth of 5% Y/Y1
Solid asset growth in CB and IB
Positive impact of FX translation
Higher fee income offset by lower net
gains on investment securities and lower
underwriting and advisory fees
Stable core banking margin
Expenses up 6% Y/Y
Half the increase driven by acquisitions
and negative impact of FX
Volume-related expenses, technology and
project spend to support business
investments and efficiency initiatives
Higher remuneration expenses offset by
lower performance and share-based
compensation
Operating leverage of -1.1% YTD
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