Results by business segment

6 Months Ended

Apr. 30, 2026

Note 13

Results by business segment

Composition of business segments

For management purposes, based on the products and services offered, we are organized into

five

business segments: Personal Banking, Commercial Banking, Wealth Management, Insurance and Capital Markets.


	For the three months ended April 30, 2026
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets (1)		Corporate Support (1)			Total
Net interest income (2)	$	3,715	$	1,844	$	1,429	$	–	$	1,315	$	203		$	8,506
Non-interest income		1,334		315		4,525		345		2,628		(200	)		8,947
Total revenue		5,049		2,159		5,954		345		3,943		3			17,453
Provision for credit losses		492		247		55		–		117		1			912
Non-interest expense		1,987		730		4,379		75		2,097		169			9,437
Income (loss) before income taxes		2,570		1,182		1,520		270		1,729		(167	)		7,104
Income taxes (recoveries)		700		328		335		52		245		(65	)		1,595
Net income	$	1,870	$	854	$	1,185	$	218	$	1,484	$	(102	)	$	5,509
Non-interest expense includes:
Depreciation and amortization	$	271	$	26	$	264	$	9	$	147	$	2		$	719

	For the three months ended April 30, 2025
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets (1)		Corporate Support (1)			Total
Net interest income (2)	$	3,519	$	1,734	$	1,301	$	–	$	1,275	$	227		$	8,056
Non-interest income		1,286		328		4,096		338		2,026		(458	)		7,616
Total revenue		4,805		2,062		5,397		338		3,301		(231	)		15,672
Provision for credit losses		654		539		86		–		146		(1	)		1,424
Non-interest expense		1,952		698		4,098		80		1,885		17			8,730
Income (loss) before income taxes		2,199		825		1,213		258		1,270		(247	)		5,518
Income taxes (recoveries)		597		228		284		47		68		(96	)		1,128
Net income	$	1,602	$	597	$	929	$	211	$	1,202	$	(151	)	$	4,390
Non-interest expense includes:
Depreciation and amortization	$	271	$	27	$	318	$	24	$	137	$	1		$	778


	For the six months ended April 30, 2026
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets (1)		Corporate Support (1)			Total
Net interest income (2)	$	7,546	$	3,739	$	2,883	$	–	$	2,533	$	390		$	17,091
Non-interest income		2,741		627		9,155		683		5,428		(312	)		18,322
Total revenue		10,287		4,366		12,038		683		7,961		78			35,413
Provision for credit losses		1,023		533		73		–		373		–			2,002
Non-interest expense		4,007		1,455		8,763		153		4,216		306			18,900
Income (loss) before income taxes		5,257		2,378		3,202		530		3,372		(228	)		14,511
Income taxes (recoveries)		1,425		661		722		99		410		(100	)		3,217
Net income	$	3,832	$	1,717	$	2,480	$	431	$	2,962	$	(128	)	$	11,294
Non-interest expense includes:
Depreciation and amortization	$	542	$	52	$	519	$	21	$	290	$	3		$	1,427

	For the six months ended April 30, 2025
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets (1)		Corporate Support (1)			Total
Net interest income (2)	$	7,024	$	3,530	$	2,695	$	–	$	2,193	$	562		$	16,004
Non-interest income		2,592		659		8,270		744		4,864		(722	)		16,407
Total revenue		9,616		4,189		10,965		744		7,057		(160	)		32,411
Provision for credit losses		1,142		878		167		–		288		(1	)		2,474
Non-interest expense		3,967		1,408		8,302		167		3,926		216			17,986
Income (loss) before income taxes		4,507		1,903		2,496		577		2,843		(375	)		11,951
Income taxes (recoveries)		1,227		529		587		94		209		(216	)		2,430
Net income	$	3,280	$	1,374	$	1,909	$	483	$	2,634	$	(159	)	$	9,521
Non-interest expense includes:
Depreciation and amortization	$	545	$	53	$	635	$	22	$	281	$	—		$	1,536

(1)

Taxable equivalent basis.

(2)

Interest revenue is reported net of Interest expense as we rely primarily on Net interest income as a performance measure.

Total assets and total liabilities by business segment


	As at April 30, 2026
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets		Corporate Support			Total
Total assets	$	583,830	$	198,930	$	195,249	$	32,734	$	1,281,230	$	104,107		$	2,396,080
Total liabilities		583,822		198,928		193,699		32,562		1,280,592		(34,296	)		2,255,307

	As at October 31, 2025
(Millions of Canadian dollars)	Personal Banking		Commercial Banking		Wealth Management		Insurance		Capital Markets		Corporate Support			Total
Total assets	$	574,456	$	196,254	$	196,129	$	32,405	$	1,223,853	$	101,909		$	2,325,006
Total liabilities		574,462		196,252		194,689		32,234		1,223,212		(34,994	)		2,185,855