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Earnings per Share (Tables)
6 Months Ended
Apr. 30, 2024
Earnings per Share [Abstract]  
Summary of Earnings Per Share
The following table presents the Bank’s basic and
 
diluted earnings per share for the three and
 
six months ended April 30, 2024 and April 30,
 
2023.
Basic and Diluted Earnings Per Share
1
(millions of Canadian dollars, except
 
as noted)
For the three months ended
For the six months ended
April 30
April 30
April 30
April 30
2024
2023
2024
2023
Basic earnings per share
Net income attributable to common shareholders
$
2,374
$
3,096
$
5,124
$
4,594
Weighted-average number of common shares outstanding
 
(millions)
1,762.8
1,828.3
1,769.8
1,824.4
Basic earnings per share
(Canadian dollars)
$
1.35
$
1.69
$
2.90
$
2.52
Diluted earnings per share
Net income attributable to common shareholders
 
$
2,374
$
3,096
$
5,124
$
4,594
Net income available to common shareholders
 
including impact of dilutive securities
2,374
3,096
5,124
4,594
Weighted-average number of common shares outstanding
 
(millions)
1,762.8
1,828.3
1,769.8
1,824.4
Effect of dilutive securities
Stock options potentially exercisable (millions)
2
1.3
2.0
1.4
2.2
Weighted-average number of common shares outstanding
 
– diluted (millions)
1,764.1
1,830.3
1,771.2
1,826.6
Diluted earnings per share
(Canadian dollars)
2
$
1.35
$
1.69
$
2.89
$
2.52
Amounts for the three and six months ended April 30, 2023 have been restated for the adoption of IFRS 17. Refer
 
to Note 2 for details.
2
 
For the three and six months ended April 30, 2024, the computation of diluted earnings per share excluded average
 
options outstanding of
7.3
 
million and
6.7
 
million, respectively, with a
weighted-average exercise price of $
89.14
 
and $
89.93
, respectively, as the option price was greater than
 
the average market price of the Bank’s common shares. For the three and six
months ended April 30, 2023, the computation of diluted earnings per share excluded average options outstanding
 
of
4.9
 
million and
4.2
 
million, respectively, with a weighted-average
exercise price of $
92.89
 
and $
93.29
, respectively, as the option price was greater
 
than the average market price of the Bank’s common shares.