Segmented Information (Tables)

3 Months Ended

Jan. 31, 2020

Text Block [Abstract]

Summary of Results by Business Segment

The following table summarizes the segment results for the three months ended January 31.

Results by Business Segment¹

(millions of Canadian dollars)	Canadian Retail				U.S. Retail				Wholesale Banking2					Corporate2								Total
	For the three months ended
	Jan. 31 2020		Jan. 31 2019		Jan. 31 2020		Jan. 31 2019		Jan. 31 2020		Jan. 31  2019			Jan. 31 2020			Jan. 31 2019			Jan. 31 2020		Jan. 31 2019
Net interest income (loss)	$	3,167	$	3,044	$	2,196	$	2,247	$	357	$	173		$	581		$	396		$	6,301	$	5,860
Non-interest income (loss)		3,088		2,944		706		701		689		409			(175	)		84			4,308		4,138
Total revenue		6,255		5,988		2,902		2,948		1,046		582			406			480			10,609		9,998
Provision for (recovery of) credit losses		391		310		319		306		17		7			192			227			919		850
Insurance claims and related expenses		780		702		–		–		–		–			–			–			780		702
Non-interest expenses		2,636		3,084		1,593		1,611		652		602			586			558			5,467		5,855
Income (loss) before income taxes		2,448		1,892		990		1,031		377		(27	)		(372	)		(305	)		3,443		2,591
Provision for (recovery of) income taxes		659		513		45		102		96		(10	)		(141	)		(102	)		659		503
Equity in net income of an investment in TD Ameritrade		–		–		201		311		–		–			4			11			205		322
Net income (loss)	$	1,789	$	1,379	$	1,146	$	1,240	$	281	$	(17	)	$	(227	)	$	(192	)	$	2,989	$	2,410
Total assets	$	456,591	$	434,994	$	451,892	$	415,611	$	484,276	$	407,624		$	64,670		$	64,277		$	1,457,429	$	1,322,506

¹ The retailer program partners' share of revenues and credit losses is presented in the Corporate segment, with an offsetting amount (representing the partners' net share) recorded in Non-interest expenses, resulting in no impact to Corporate reported Net income (loss). The Net income (loss) included in the U.S. Retail segment includes only the portion of revenue and credit losses attributable to the Bank under the agreements.

² Net interest income within Wholesale Banking is calculated on a taxable equivalent basis (TEB). The TEB adjustment reflected in Wholesale Banking is reversed in the Corporate segment.