Investor Presentaiton

Q1 2020 Financial Performance Strong revenue growth and positive operating leverage $MM, except EPS Q1/20 Y/Y Q/Q Reported • Net Income $2,326 +4% +1% Pre-Tax, Pre Provision Profit $3,723 +8% +2% Diluted EPS $1.84 +8% +6% Revenue $8,141 +7% +2% Expenses $4,418 +6% +2% Productivity Ratio 54.3% (60 bps) +20 bps Core Banking Margin 2.45% PCL Ratio¹ 61 bps +14 bps +5bps +11 bps • PCL Ratio on Impaired Loans¹ 55 bps +8 bps +6 bps YEAR-OVER-YEAR HIGHLIGHTS Adjusted EPS growth up 5%² Adjusted Net Income up 2%2 ○ Excluding divestitures net income grew by 8%2 O Pre-tax, pre-provision profit (PTPP) up 7%² Adjusted Revenue up 5%² О Net interest income up 3% Non-interest income up 8%2 Adjusted Expense growth of 4%² Adjusted Operating leverage of +1.3%² Adjusted² Net Income $2,344 +2% (2%) Pre-Tax, Pre Provision Profit $3,724 +7% (1%) Diluted EPS $1.83 +5% +1% ADJUSTED NET INCOME³ BY BUSINESS SEGMENT ($MM) Revenue $7,989 +5% Expenses $4,265 +4% +2% +5% Y/Y -17% Y/Y4 Productivity Ratio 53.4% (70 bps) +70 bps +35% +11% PCL Ratio¹ 51 bps +4 bps +1 bp Y/Y Y/Y PCL Ratio on Impaired Loans¹ 53 bps +6 bps +4 bps 865 908 743 615 451 286 318 335 CB IB GWM GBM ■ Q1/19 ■ Q1/20 1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 2 Refer to Non-GAAP Measures on Slide 36 for adjusted results 3 After non-controlling interest 4Y/Y growth rate is on a constant dollars basis 5

View entire presentation