Digital Banking Strength and Strategic Funding
Global Wealth Management
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients
across Scotiabank's footprint
Business Overview
Financial Results
AUA
AUM
Employees¹
$MM, except AUM/AUA
Q3/20
Y/Y
Q/Q
$503B
$293B
~7,200
Reported
Net Income³
$321
+6%
+6%
Return on
Equity 1,2
Operating
Countries¹
Leverage 1,2
Pre-Tax, Pre Provision Profit
$435
+5%
+6%
14.3%
3.0%
14
Revenue
$1,135
+1%
2,3
Adjusted Net income ²,³ ($MM) and ROE² (%)
Expenses
$700
(3%)
(2%)
PCLS
$1
N/A
N/A
13.5%
13.6%
13.7%
13.8%
14.3%
Productivity Ratio
61.7%
(170 bps)
(170 bps)
332
312
314
318
314
AUM ($B)
$293
(1%)
+6%
1
332
311
312
318
314
AUA($B)
$503
+2%
+5%
Q3/19
Q4/19
Q1/20
Q2/20
Q3/20
Adjusted²
Ex. Divested Ops
Medium-Term Financial Objectives
■Divested Ops
Net Income³
$332
+6%
+6%
Pre-Tax, Pre Provision Profit
$450
+5%
+5%
Target4
Earnings Growth
8%+
Productivity Ratio
<65%
Expenses
PCLS
$685
(3%)
(2%)
$1
N/A
N/A
Productivity Ratio
60.3%
(190 bps)
(160 bps)
Operating Leverage
Positive
1Figures as of July 31, 2020 or for the 3 months ended July 31, 2020; 2 Adjusted for Acquisition-related costs and impact of additional pessimistic scenario; 3 Attributable to equity holders of the Bank 43-5 year
target from 2020 Investor Day
34View entire presentation