v3.26.1
Consolidated Statement of Income - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2026
Jan. 31, 2026
Apr. 30, 2025
Apr. 30, 2026
Apr. 30, 2025
Interest income          
Loans [1] $ 10,131 $ 10,410 $ 10,922 $ 20,541 $ 22,459
Securities [1] 1,652 1,661 1,993 3,313 4,157
Securities purchased under resale agreements and securities borrowed [1] 829 802 661 1,631 1,277
Deposits with financial institutions [1] 483 458 711 941 1,374
Total interest income [1] 13,095 13,331 14,287 26,426 29,267
Interest expense          
Deposits 6,989 7,207 8,267 14,196 17,355
Subordinated debentures 67 76 103 143 202
Other 518 466 647 984 1,267
Total interest expenses 7,574 7,749 9,017 15,323 18,824
Net interest income 5,521 5,582 5,270 11,103 10,443
Non-interest income          
Card revenues 205 252 223 457 441
Banking services fees 455 482 496 937 998
Credit fees 315 327 291 642 617
Mutual funds 696 720 607 1,416 1,242
Brokerage fees 405 413 349 818 702
Investment management and trust 304 302 288 606 574
Underwriting and advisory fees 229 250 246 479 469
Non-trading foreign exchange 267 251 216 518 480
Trading revenues 439 703 405 1,142 1,060
Net gain on sale of investment securities 14 19 7 33 38
Net income from investments in associated corporations 222 189 159 411 272
Insurance service results 135 122 121 257 246
Other fees and commissions 415 418 391 833 813
Other 215 (384) 11 (169) 57
Total non-interest income 4,316 4,064 3,810 8,380 8,009
Total revenue 9,837 9,646 9,080 19,483 18,452
Provision for credit losses 1,217 1,176 1,398 2,393 2,560
Profit from operating activity 8,620 8,470 7,682 17,090 15,892
Non-interest expenses          
Salaries and employee benefits 2,779 2,941 2,641 5,720 5,350
Premises and technology 835 799 814 1,634 1,614
Depreciation and amortization 410 385 393 795 796
Communications 91 92 103 183 200
Advertising and business development 179 185 159 364 315
Professional 177 159 229 336 434
Business and capital taxes 165 179 171 344 355
Other 553 559 600 1,112 2,537
Total non-interest expenses 5,189 5,299 5,110 10,488 11,601
Income before taxes 3,431 3,171 2,572 6,602 4,291
Income tax expense 799 872 540 1,671 1,266
Net income 2,632 2,299 2,032 4,931 3,025
Net income attributable to non-controlling interests in subsidiaries 37 12 56 49 (98)
Net income attributable to equity holders of the Bank 2,595 2,287 1,976 4,882 3,123
Preferred shareholders and other equity instrument holders 127 132 135 259 257
Common shareholders $ 2,468 $ 2,155 $ 1,841 $ 4,623 $ 2,866
Earnings per common share (in dollars)          
Basic [2] $ 2.01 $ 1.75 $ 1.48 $ 3.75 $ 2.3
Diluted [2] 2 1.73 1.48 3.73 2.15
Dividends paid per common share (in dollars) $ 1.1 $ 1.1 $ 1.06 $ 2.2 $ 2.12
[1] Includes interest income on financial assets measured at amortized cost and FVOCI, calculated using the effective interest method, of $12,848 for the three months ended April 30, 2026 (January 31, 2026 – $13,125; April 30, 2025 – $13,943) and for the six months ended April 30, 2026 – $25,973 (April 30, 2025 – $28,520).
[2] Earnings per share calculations are based on full dollar and share amounts.