Economic Forecasts and Performance Review

Well-Diversified Business with Strong Returns Earnings by Business Line 1,2,3 Wealth Management 13% Global Wealth Management 13% Earnings by Market¹,2 Caribbean and Central America Colombia 2% C&CA 5% Other 8% Europe, Asia, Brazil, Australia Wholesale Banking 17% Global Banking & Markets 17% Chile 6% 9% FY 2019 EARNINGS MIX $9.2B³ Canadian Banking P&C Personal & FY 2019 38% Commercial Peru EARNINGS MIX Banking $9.2B³ 70% International Banking P&C 32% Mexico 6% U.S. 9% 5. Adjusted Return on Equity 12 by Division 19.0% 14.8% 13.3% 13.6% 13.9% Canada 55% Canadian Banking International Banking Global Banking and Markets Global Wealth Management All Bank 1Net income attributable to equity holdersor for the twelve months ended October 31, 2019; 2 Adjusted for Acquisition and divestiture-related amounts, including Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and losses/(gains) on divestitures and related costs; 3 Excluding Other segment 7

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