Canadian Housing Market: Engineering a Soft Landing
Medium-Term Financial Objectives¹
METRICS
ALL BANK
OBJECTIVES
Q3/19 RESULTS²
(YTD/YTD Change)
EPS Growth
7%+
Flat
ROE
14%+
13.9%
Operating Leverage³
Positive
(1.2%)
Capital
Strong Levels
11.2% (11.7% pro-forma announced divestitures)
Dividend Payout Ratio
40%-50%
48.5%
BUSINESS LINE
CANADIAN BANKING
Net Income Growth
Productivity Ratio
7%+
+1.7%
<49%
49.4%
INTERNATIONAL BANKING
Net Income Growth4
9%+
Productivity Ratio
<51%
+15.0%
50.5%
13-5 year objectives. 2 Figures adjusted for Acquisition and divestiture-related amounts, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current
and past acquisitions and net loss on divestitures and related costs; 3 Excludes employee benefits re-measurement credit of $203MM pre-tax, $150MM after-tax in Q1/18; 4On a constant dollar basis
Scotiabank®
7View entire presentation