Canadian Banking and Residential Mortgages Overview
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;
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