| Summary of Basic and Diluted Earnings Per Share |
The following tables present our basic and diluted earnings per share: Basic Earnings Per Common Share | | | | | | | | | | | | | | | | (Canadian $ in millions, except as noted) | For the three months ended | For the six months ended | | April 30, 2026 | April 30, 2025 | April 30, 2026 | April 30, 2025 | | Net income attributable to bank shareholders | $ | 2,626 | | $ | 1,960 | | $ | 5,116 | | $ | 4,094 | | | Dividends on preferred shares and distributions on other equity instruments | (139) | | (142) | | (220) | | (207) | | | Net income available to common shareholders | $ | 2,487 | | $ | 1,818 | | $ | 4,896 | | $ | 3,887 | | | Weighted-average number of common shares outstanding (in thousands) | 702,670 | | 725,402 | | 705,583 | | 727,518 | | | Basic earnings per common share (Canadian $) | $ | 3.54 | | $ | 2.51 | | $ | 6.94 | | $ | 5.34 | |
Diluted Earnings Per Common Share | | | | | | | | | | | | | | | | (Canadian $ in millions, except as noted) | For the three months ended | For the six months ended | | April 30, 2026 | April 30, 2025 | April 30, 2026 | April 30, 2025 | | Net income available to common shareholders | $ | 2,487 | | $ | 1,818 | | $ | 4,896 | | $ | 3,887 | | | Weighted-average number of common shares outstanding (in thousands) | 702,670 | | 725,402 | | 705,583 | | 727,518 | | Dilutive impact of stock options (1) | | | | | Stock options potentially exercisable | 4,956 | | 5,893 | | 5,134 | | 6,072 | | | Common shares potentially repurchased | (3,040) | | (4,855) | | (3,360) | | (4,989) | | | Weighted-average number of diluted common shares outstanding (in thousands) | 704,586 | | 726,440 | | 707,357 | | 728,601 | | | Diluted earnings per common share (Canadian $) | $ | 3.53 | | $ | 2.50 | | $ | 6.92 | | $ | 5.34 | |
(1)The dilutive effect of stock options was calculated using the treasury stock method. In computing diluted earnings per share, we excluded average stock options outstanding of 764,400 and 637,704 with a weighted-average exercise price of $196.75 and $199.52 for the three and six months ended April 30, 2026, respectively (716,633 and 594,569 with a weighted-average exercise price of $150.60 and 151.95 for the three and six months ended April 30, 2025, respectively), as the average share price for the periods did not exceed the exercise price.
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