Detailed Report of Segments and Geographic Areas |
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$ millions, for the three months ended |
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Canadian Personal and Business Banking |
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Canadian Commercial Banking and Wealth Management |
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U.S. Commercial Banking and Wealth Management |
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Capital Markets |
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Corporate and Other |
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Provision for (reversal of) credit losses |
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Amortization and impairment (3) |
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Other non-interest expenses |
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Income (loss) before income taxes |
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Net income (loss) attributable to: |
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Non-controlling interests |
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2022 |
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$ |
1,720 |
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$ |
452 |
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$ |
466 |
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$ |
600 |
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$ |
(53 |
) |
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$ |
3,185 |
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Oct. 31 |
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542 |
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864 |
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187 |
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582 |
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28 |
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2,203 |
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2,262 |
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1,316 |
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653 |
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1,182 |
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(25 |
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5,388 |
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Provision for (reversal of) credit losses |
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305 |
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21 |
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100 |
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(1 |
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11 |
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436 |
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Amortization and impairment (3) |
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59 |
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– |
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29 |
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2 |
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188 |
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278 |
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Other non-interest expenses |
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1,254 |
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658 |
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327 |
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654 |
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312 |
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3,205 |
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Income (loss) before income taxes |
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644 |
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637 |
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197 |
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527 |
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(536 |
) |
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1,469 |
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173 |
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168 |
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36 |
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149 |
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(242 |
) |
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284 |
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$ |
471 |
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$ |
469 |
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$ |
161 |
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$ |
378 |
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$ |
(294 |
) |
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$ |
1,185 |
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Net income (loss) attributable to: |
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Non-controlling interests |
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$ |
– |
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$ |
– |
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$ |
– |
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$ |
– |
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$ |
7 |
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$ |
7 |
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471 |
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469 |
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161 |
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378 |
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(301 |
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1,178 |
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$ |
315,639 |
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$ |
89,669 |
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$ |
59,084 |
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$ |
295,794 |
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$ |
187,644 |
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$ |
947,830 |
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2022 |
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$ |
1,587 |
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$ |
377 |
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$ |
389 |
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$ |
793 |
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$ |
(14 |
) |
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$ |
3,132 |
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Jan. 31 |
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596 |
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920 |
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220 |
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511 |
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119 |
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2,366 |
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2,183 |
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1,297 |
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609 |
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1,304 |
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105 |
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5,498 |
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Provision for (reversal of) credit losses |
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98 |
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(4 |
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28 |
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(38 |
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(9 |
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75 |
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Amortization and impairment (3) |
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52 |
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1 |
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27 |
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1 |
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172 |
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253 |
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Other non-interest expenses |
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1,100 |
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672 |
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291 |
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595 |
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112 |
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2,770 |
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Income (loss) before income taxes |
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933 |
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628 |
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263 |
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746 |
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(170 |
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2,400 |
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246 |
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166 |
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37 |
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203 |
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(121 |
) |
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531 |
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$ |
687 |
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$ |
462 |
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$ |
226 |
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$ |
543 |
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$ |
(49 |
) |
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$ |
1,869 |
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Net income (loss) attributable to: |
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Non-controlling interests |
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$ |
– |
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$ |
– |
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$ |
– |
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$ |
– |
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$ |
5 |
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$ |
5 |
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687 |
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462 |
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226 |
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543 |
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(54 |
) |
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1,864 |
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$ |
292,987 |
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$ |
78,476 |
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$ |
50,274 |
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$ |
282,750 |
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$ |
166,066 |
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$ |
870,553 |
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(1) |
Capital Markets net interest income and income taxes includes a taxable equivalent basis (TEB) adjustment of $62 million for the three months ended January 31, 2023 (October 31, 2022: $51 million; January 31, 2022: $59 million) with an equivalent offset in Corporate and Other. |
(2) |
Includes intersegment revenue, which represents internal sales commissions and revenue allocations under the Product Owner/Customer Segment/Distributor Channel allocation management model. |
(3) |
Comprises amortization and impairment of buildings, assets, furniture, equipment, leasehold improvements, software and other intangible assets. |
(4) |
Assets are disclosed on an average basis as this measure is most relevant to a financial institution and is the measure reviewed by management. |
(5) |
Average balances are calculated as a weighted average of daily closing balances. |
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