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Consolidated Statement of Income - CAD ($)
$ in Millions
3 Months Ended
Jan. 31, 2025
Oct. 31, 2024
Jan. 31, 2024
Interest, Dividend and Fee Income      
Loans $ 10,121 $ 10,223 $ 9,832
Securities (Note 2) 4,120 3,966 3,439
Securities borrowed or purchased under resale agreements 1,565 1,775 1,557
Deposits with banks 817 900 1,026
Interest, Dividend and Fee Income 16,623 16,864 15,854
Interest Expense      
Deposits 8,124 8,768 8,384
Securities sold but not yet purchased and securities lent or sold under repurchase agreements 2,189 2,344 1,876
Subordinated debt 111 118 111
Other liabilities 801 196 762
Interest Expense 11,225 11,426 11,133
Net Interest Income 5,398 5,438 4,721
Non-Interest Revenue      
Securities commissions and fees 288 288 269
Deposit and payment service charges 442 420 396
Trading revenues 802 696 460
Lending fees 362 338 385
Card fees 219 201 214
Investment management and custodial fees 574 544 483
Mutual fund revenues 363 347 315
Underwriting and advisory fees 380 352 344
Securities gains, other than trading (Note 2) 58 57 13
Foreign exchange gains, other than trading 76 67 64
Insurance service results (Note 5) 91 42 99
Insurance investment results (Notes 2 and 5) 60 72 (9)
Share of profit in associates and joint ventures 49 50 38
Other revenues (losses) 104 45 (120)
Non-Interest Revenue 3,868 3,519 2,951
Total Revenue 9,266 8,957 7,672
Provision for Credit Losses (Note 3) 1,011 1,523 627
Non-Interest Expense      
Employee compensation 3,235 2,694 2,870
Premises and equipment 1,086 1,062 976
Amortization of intangible assets 288 280 279
Advertising and business development 174 227 191
Communications 86 89 101
Professional fees 146 177 138
Association, clearing and annual regulator fees 76 103 69
Other 336 (205) 765
Non-Interest Expense 5,427 4,427 5,389
Income Before Provision for Income Taxes 2,828 3,007 1,656
Provision for income taxes (Note 11) 690 703 364
Net Income 2,138 2,304 1,292
Attributable to:      
Bank shareholders 2,134 2,301 1,290
Non-controlling interest in subsidiaries 4 3 2
Net Income $ 2,138 $ 2,304 $ 1,292
Earnings Per Common Share (Canadian $) (Note 10)      
Basic $ 2.84 $ 2.95 $ 1.73
Diluted 2.83 2.94 1.73
Common shares [member]      
Earnings Per Common Share (Canadian $) (Note 10)      
Dividends per common share $ 1.59 $ 1.55 $ 1.51