v3.24.3
Consolidated Statements of Income - CAD ($)
$ in Millions
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Interest and dividend income (Note 3)    
Loans $ 54,040 $ 43,463
Securities 17,668 14,512
Assets purchased under reverse repurchase agreements and securities borrowed 27,121 22,164
Deposits and other 6,122 6,852
Interest and dividend income 104,951 86,991
Interest expense (Note 3)    
Deposits and other 47,256 36,679
Other liabilities 28,967 24,517
Subordinated debentures 775 666
Interest expense 76,998 61,862
Net interest income 27,953 25,129
Non-interest income    
Insurance service result (Note 15) 777 703
Insurance investment result (Note 15) 294 156
Trading revenue 2,327 2,392
Investment management and custodial fees 9,325 8,344
Mutual fund revenue 4,437 4,063
Securities brokerage commissions 1,660 1,463
Service charges 2,294 2,099
Underwriting and other advisory fees 2,672 2,005
Foreign exchange revenue, other than trading 1,142 1,292
Card service revenue 1,273 1,240
Credit fees 1,592 1,489
Net gains on investment securities 170 193
Income (loss) from joint ventures and associates (Note 12) (16) (219)
Other 1,444 1,115
Non-interest income 29,391 26,335
Total revenue 57,344 51,464
Provision for credit losses (Notes 4 and 5) 3,232 2,468
Non-interest expense    
Human resources (Notes 16 and 20) 21,083 18,853
Equipment 2,537 2,381
Occupancy 1,805 1,619
Communications 1,369 1,261
Professional fees 2,525 2,171
Amortization of other intangibles (Note 11) 1,549 1,471
Other 3,382 3,057
Non-interest expense 34,250 30,813
Income before income taxes 19,862 18,183
Income taxes (Note 21) 3,622 3,571
Net income 16,240 14,612
Net income attributable to:    
Shareholders 16,230 14,605
Non-controlling interests 10 7
Net income $ 16,240 $ 14,612
Basic earnings per share (in dollars) (Note 22) $ 11.27 $ 10.33
Diluted earnings per share (in dollars) (Note 22) 11.25 10.32
Dividends per common share (in dollars) $ 5.6 $ 5.34