Goodwill and Other Intangibles (Tables)

12 Months Ended

Oct. 31, 2025

Goodwill and Other Intangibles [Abstract]

Summary of Goodwill by Segment

Goodwill by Segment

(millions of Canadian dollars)

Canadian

Personal and

Wealth

Commercial

U.S.

Management

Wholesale

Banking

Retail

1

and Insurance

Banking

Total

Carrying amount of goodwill as at November 1, 2023

$

902

$

14,620

$

2,122

$

958

$

18,602

Additions (disposals)

2

–

–

–

128

128

Foreign currency translation adjustments and other

–

43

3

75

121

Carrying amount of goodwill as at October 31, 2024

3

$

902

$

14,663

$

2,125

$

1,161

$

18,851

Additions (disposals)

–

–

–

–

–

Foreign currency translation adjustments and other

1

113

7

8

129

Carrying amount of goodwill as at October 31, 2025

3

$

903

$

14,776

$

2,132

$

1,169

$

18,980

Pre-tax discount rates

2024

9.7

–

9.9

%

10.7

–

11.8

%

10.9

–

11.0

%

14.4

%

2025

9.9

–

10.7

11.0

–

11.8

11.0

–

11.9

13.3

1

Goodwill predominantly relates to U.S. Personal and Commercial Banking.

2

Includes adjustments to the purchase price allocation in connection with the Cowen acquisition.

3

Accumulated impairment as at October 31, 2025 and October 31, 2024 was

nil

.

Summary of Other Intangibles

The following table presents details of other intangibles as at October 31, 2025 and October 31, 2024.

Other Intangibles

(millions of Canadian dollars)

Credit card

Internally

Core deposit

related

generated

Other

Other

intangibles

intangibles

software

software

intangibles

Total

Cost

As at November 1, 2023

$

2,712

$

850

$

3,103

$

236

$

1,556

$

8,457

Additions

–

–

961

23

9

993

Disposals

–

–

(5)

(6)

(6)

(17)

Fully amortized intangibles

–

–

(627)

(60)

–

(687)

Foreign currency translation adjustments

and other

1

8

1

(25)

2

36

22

As at October 31, 2024

$

2,720

$

851

$

3,407

$

195

$

1,595

$

8,768

Additions

–

–

1,095

70

–

1,165

Disposals

–

–

(3)

(7)

5

(5)

Fully amortized intangibles

(2,741)

(734)

(300)

(46)

(509)

(4,330)

Foreign currency translation adjustments

and other

21

1

(4)

1

(9)

10

As at October 31, 2025

$

–

$

118

$

4,195

$

213

$

1,082

$

5,608

Amortization and impairment

As at November 1, 2023

$

2,712

$

785

$

1,127

$

163

$

899

$

5,686

Disposals

–

–

–

(3)

–

(3)

Impairment losses (reversals)

–

–

–

–

–

–

Amortization charge for the year

–

11

498

32

161

702

Fully amortized intangibles

–

–

(627)

(60)

–

(687)

Foreign currency translation adjustments

and other

1

8

–

(2)

3

17

26

As at October 31, 2024

$

2,720

$

796

$

996

$

135

$

1,077

$

5,724

Disposals

–

–

(7)

(3)

–

(10)

Impairment losses (reversals)

–

–

–

–

–

–

Amortization charge for the year

–

11

586

58

125

780

Fully amortized intangibles

(2,741)

(734)

(300)

(46)

(509)

(4,330)

Foreign currency translation adjustments

and other

21

1

13

1

(1)

35

As at October 31, 2025

$

–

$

74

$

1,288

$

145

$

692

$

2,199

Net Book Value:

As at October 31, 2024

$

–

$

55

$

2,411

$

60

$

518

$

3,044

As at October 31, 2025

–

44

2,907

68

390

3,409

1

 Includes amounts related to restructuring. Refer to Note 25 for further details.