Segmented Information (Tables) |
6 Months Ended |
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Apr. 30, 2024 | |
Segmented Information [abstract] | |
Summary of Results by Business Segment | The following table summarizes the segment Results by Business Segment 1,2 (millions of Canadian dollars) Canadian Wealth Personal and Management Commercial Banking U.S. Retail and Insurance Wholesale Banking 3 Corporate 3 Total For the three months ended April 30 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net interest income (loss) $ 3,812 $ 3,377 $ 2,841 $ 3,034 $ 304 $ 258 $ 189 $ 498 $ 319 $ 261 $ 7,465 $ 7,428 Non-interest income (loss) 1,027 1,027 606 523 2,810 2,543 1,751 919 160 (43) 6,354 4,969 Total revenue 4,839 4,404 3,447 3,557 3,114 2,801 1,940 1,417 479 218 13,819 12,397 Provision for (recovery of) credit losses 467 247 380 190 – 1 55 12 169 149 1,071 599 Insurance service expenses – – – – 1,248 1,118 – – – – 1,248 1,118 Non-interest expenses 1,957 1,903 2,597 2,022 1,027 963 1,430 1,189 1,390 679 8,401 6,756 Income (loss) before income taxes and share of net income from investment in Schwab 2,415 2,254 470 1,345 839 719 455 216 (1,080) (610) 3,099 3,924 Provision for (recovery of) income taxes 676 629 73 189 218 195 94 66 (332) (220) 729 859 Share of net income from investment in Schwab 4,5 – – 183 250 – – – – 11 (9) 194 241 Net income (loss) $ 1,739 $ 1,625 $ 580 $ 1,406 $ 621 $ 524 $ 361 $ 150 $ (737) $ (399) $ 2,564 $ 3,306 For the six months ended April 30 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net interest income (loss) $ 7,645 $ 6,916 $ 5,740 $ 6,201 $ 589 $ 541 $ 387 $ 1,023 $ 592 $ 480 $ 14,953 $ 15,161 Non-interest income (loss) 2,078 2,077 1,210 1,083 5,660 5,175 3,333 1,739 299 (637) 12,580 9,437 Total revenue 9,723 8,993 6,950 7,284 6,249 5,716 3,720 2,762 891 (157) 27,533 24,598 Provision for (recovery of) credit losses 890 574 765 390 – 1 65 44 352 280 2,072 1,289 Insurance service expenses – – – – 2,614 2,282 – – – – 2,614 2,282 Non-interest expenses 3,941 3,766 5,007 4,062 2,074 1,972 2,930 2,072 2,479 2,996 16,431 14,868 Income (loss) before income taxes and share of net income from investment in Schwab 4,892 4,653 1,178 2,832 1,561 1,461 725 646 (1,940) (3,433) 6,416 6,159 Provision for (recovery of) income taxes 1,368 1,299 68 393 385 383 159 165 (617) (442) 1,363 1,798 Share of net income from investment in Schwab 4,5 – – 377 551 – – – – (42) (25) 335 526 Net income (loss) $ 3,524 $ 3,354 $ 1,487 $ 2,990 $ 1,176 $ 1,078 $ 566 $ 481 $ (1,365) $ (3,016) $ 5,388 $ 4,887 Amounts for the three and six months ended April 30, 2023 have been restated for the adoption of IFRS 17. Refer 2 Non-interest expenses, resulting in no impact to Corporate reported Net income (loss). The Net income (loss) included credit losses attributable to the Bank under the agreements. 3 segment. 4 share of Schwab’s restructuring charges, and the Bank’s share of Schwab’s FDIC 5 |
Summary of Results by Geographic Location | Total Assets by Business Segment 1 (millions of Canadian dollars) Canadian Wealth Personal and Management Wholesale Commercial Banking U.S. Retail and Insurance Banking Corporate Total As at April 30, 2024 Total assets $ 572,130 $ 563,351 $ 22,522 $ 670,663 $ 138,002 $ 1,966,668 As at October 31, 2023 Total assets $ 560,303 $ 560,585 $ 22,293 $ 673,398 $ 138,560 $ 1,955,139 Balances as at October 31, 2023 have been restated for the adoption of IFRS 17. Refer to Note 2 for details. |