Earnings Per Share (Tables)

3 Months Ended

Jan. 31, 2025

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Summary of Basic and Diluted Earnings Per Share

The following tables present our basic and diluted earnings per share:

Basic Earnings Per Common Share

(Canadian $ in millions, except as noted)	For the three months ended
	January 31, 2025			January 31, 2024
Net income attributable to bank shareholders	$	2,134		$	1,290
Dividends on preferred shares and distributions on other equity instruments		(65	)		(40	)
Net income available to common shareholders	$	2,069		$	1,250
Weighted-average number of common shares outstanding (in thousands)		729,564			723,751
Basic earnings per common share (Canadian $)	$	2.84		$	1.73

Diluted Earnings Per Common Share

(Canadian $ in millions, except as noted)	For the three months ended
	January 31, 2025			January 31, 2024
Net income available to common shareholders	$	2,069		$	1,250
Weighted-average number of common shares outstanding (in thousands)		729,564			723,751
Effect of dilutive instruments
Stock options potentially exercisable (1)		6,245			3,816
Common shares potentially repurchased		(5,119	)		(2,981	)
Weighted-average number of diluted common shares outstanding (in thousands)		730,690			724,586
Diluted earnings per common share (Canadian $)	$	2.83		$	1.73

 (1) In computing diluted earnings per share, we excluded average stock options outstanding of 482,948 with a weighted-average exercise price of $153.89 for the three months ended January 31, 2025 (2,991,066 with a weighted-average exercise price of $132.29 for the three months ended January 31, 2024), as the average share price for the periods did not exceed the exercise price.