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Consolidated statement of income - CAD ($)
$ in Millions
12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Interest income (Note 28)    
Loans [1] $ 32,074 $ 33,925
Securities [1] 9,045 9,560
Securities borrowed or purchased under resale agreements [1] 5,260 5,811
Deposits with banks and other [1] 2,382 2,889
Interest income [1] 48,761 52,185
Interest expense (Note 28)    
Deposits 25,110 30,476
Securities sold short 565 625
Securities lent or sold under repurchase agreements 6,521 6,334
Subordinated indebtedness 407 510
Other 389 545
Interest expense 32,992 38,490
Net interest income 15,769 13,695
Non-interest income    
Underwriting and advisory fees 915 707
Deposit and payment fees 996 958
Credit fees 1,015 1,218
Card fees 402 414
Investment management and custodial fees 2,241 1,980
Mutual fund fees 2,019 1,796
Income from insurance activities, net 317 356
Commissions on securities transactions 554 431
Gains (losses) from financial instruments measured/designated at fair value through profit or loss (FVTPL), net 4,022 3,226
Gains (losses) from debt securities measured at fair value through other comprehensive income (FVOCI) and amortized cost, net (14) 43
Foreign exchange other than trading (FXOTT) 369 386
Income from equity-accounted associates and joint ventures (Note 24) 117 79
Other 411 317
Non-interest income 13,364 11,911
Total revenue 29,133 25,606
Provision for credit losses (Note 5) 2,342 2,001
Non-interest expenses    
Employee compensation and benefits 9,266 8,261
Occupancy costs 847 830
Computer, software and office equipment 2,946 2,719
Communications 395 362
Advertising and business development 398 344
Professional fees 284 257
Business and capital taxes 124 128
Other (Notes 3 and 8) 1,592 1,538
Non-interest expenses 15,852 14,439
Income before income taxes 10,939 9,166
Income taxes (Note 18) 2,485 2,012
Net income 8,454 7,154
Net income attributable to non-controlling interests 25 39
Preferred shareholders and other equity instrument holders 364 263
Common shareholders 8,065 6,852
Net income attributable to equity shareholders $ 8,429 $ 7,115
Earnings per share (EPS) (in dollars) (Note 19)    
Basic $ 8.62 $ 7.29
Diluted 8.57 7.28
Dividends per common share (in dollars) (Note 15) $ 3.88 $ 3.6
[1] Interest income included $44.3 billion for the year ended October 31, 2025 (2024: $48.5 billion) calculated based on the effective interest rate method.