Investor Presentaiton
Q1 2016 Financial Performance
$ millions, except EPS
Q1/16 Q/Q
Y/Y1
Net Income
$1,814
-2%
+5%
.
Diluted EPS
$1.43
-1%
+6%
•
Revenues¹
$6,514 +5%
+9%
$3,568 +9%
+12%
Expenses
Productivity Ratio
54.8% +180bps +110bps
Core Banking Margin² 2.38% +3bps -3bps
Dividends Per Common Share
+$0.02
+$0.02
+$0.02
$0.70 $0.70
$0.68 $0.68
$0.66
Q1/15
Q2/15 Q3/15
Q4/15
Q1/16
Announced dividend increase
(1)
Taxable equivalent basis
Highlights
Diluted EPS growth of 6% Y/Y
Revenue growth of 9% Y/Y1
Solid asset growth in business
segments
Positive impact of FX translation and
impact of acquisitions
Higher banking fees, Trading
revenues and wealth
management/insurance revenues,
partly offset by lower net gains on
investment securities and lower
underwriting/advisory fees.
Expense up 12% Y/Y, or up 5% Y/Y
excluding the impact of FX
translation and acquisitions
Technology-related expenses,
driven by focused investment in
business initiatives
Quarterly dividend increased to
$0.72 per share
7
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