v3.26.1
Consolidated Statement of Income - CAD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jul. 31, 2026
Apr. 30, 2026
Jul. 31, 2025
Jul. 31, 2026
Jul. 31, 2025
Interest income          
Loans [1] $ 10,744 $ 10,131 $ 10,859 $ 31,285 $ 33,318
Securities [1] 1,790 1,652 1,921 5,103 6,078
Securities purchased under resale agreements and securities borrowed [1] 985 829 717 2,616 1,994
Deposits with financial institutions [1] 508 483 623 1,449 1,997
Total interest income [1] 14,027 13,095 14,120 40,453 43,387
Interest expense          
Deposits 7,479 6,989 8,075 21,675 25,430
Subordinated debentures 68 67 93 211 295
Other 614 518 459 1,598 1,726
Total interest expenses 8,161 7,574 8,627 23,484 27,451
Net interest income 5,866 5,521 5,493 16,969 15,936
Non-interest income          
Card revenues 235 205 228 692 669
Banking services fees 455 455 500 1,392 1,498
Credit fees 383 315 314 1,025 931
Mutual funds 754 696 641 2,170 1,883
Brokerage fees 436 405 353 1,254 1,055
Investment management and trust 312 304 292 918 866
Underwriting and advisory fees 430 229 234 909 703
Non-trading foreign exchange 266 267 228 784 708
Trading revenues 468 439 463 1,610 1,523
Net gain on sale of investment securities 13 14 22 46 60
Net income from investments in associated corporations 222 222 157 633 429
Insurance service results 141 135 119 398 365
Other fees and commissions 491 415 388 1,324 1,201
Other 63 215 54 (106) 111
Total non-interest income 4,669 4,316 3,993 13,049 12,002
Total revenue 10,535 9,837 9,486 30,018 27,938
Provision for credit losses 1,079 1,217 1,041 3,472 3,601
Profit from operating activity 9,456 8,620 8,445 26,546 24,337
Non-interest expenses          
Salaries and employee benefits 3,049 2,779 2,662 8,769 8,012
Premises and technology 882 835 807 2,516 2,421
Depreciation and amortization 398 410 405 1,193 1,201
Communications 88 91 89 271 289
Advertising and business development 201 179 169 565 484
Professional 199 177 212 535 646
Business and capital taxes 155 165 177 499 532
Other 584 553 568 1,696 3,105
Total non-interest expenses 5,556 5,189 5,089 16,044 16,690
Income before taxes 3,900 3,431 3,356 10,502 7,647
Income tax expense 947 799 829 2,618 2,095
Net income 2,953 2,632 2,527 7,884 5,552
Net income attributable to non-controlling interests in subsidiaries 45 37 80 94 (18)
Net income attributable to equity holders of the Bank 2,908 2,595 2,447 7,790 5,570
Preferred shareholders and other equity instrument holders 130 127 134 389 391
Common shareholders $ 2,778 $ 2,468 $ 2,313 $ 7,401 $ 5,179
Earnings per common share (in dollars)          
Basic [2] $ 2.27 $ 2.01 $ 1.84 $ 6.02 $ 4.14
Diluted [2] 2.27 2 1.84 6 4.02
Dividends paid per common share (in dollars) $ 1.14 $ 1.1 $ 1.1 $ 3.34 $ 3.22
[1] Includes interest income on financial assets measured at amortized cost and FVOCI, calculated using the effective interest method, of $13,753 for the three months ended July 31, 2026 (April 30, 2026 – $12,848; July 31, 2025 – $13,883) and for the nine months ended July 31, 2026 – $39,726 (July 31, 2025 – $42,403).
[2] Earnings per share calculations are based on full dollar and share amounts.