XML 58 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Income - CAD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Interest income      
Loans [1] $ 23,159 $ 26,977 $ 29,116
Securities [1] 1,467 2,035 2,238
Securities purchased under resale agreements and securities borrowed [1] 178 286 502
Deposits with financial institutions [1] 182 414 928
Interest income [1] 24,986 29,712 32,784
Interest expense      
Deposits 6,465 10,731 13,871
Subordinated debentures 180 240 294
Other [2] 1,380 1,421 1,442
Interest expenses 8,025 12,392 15,607
Net interest income 16,961 17,320 17,177
Non-interest income      
Card revenues 749 789 977
Banking services fees 1,598 1,540 1,812
Credit fees 1,485 1,348 1,316
Mutual funds 2,394 1,945 1,849
Brokerage fees 1,039 902 876
Investment management and trust 994 946 1,050
Underwriting and other advisory 724 690 497
Non-trading foreign exchange 787 708 667
Trading revenues 2,033 2,411 1,488
Net gain on sale of investment securities 419 607 351
Net income from investments in associated corporations 339 242 650
Insurance underwriting income, net of claims 398 497 676
Other fees and commissions 677 688 949
Other 655 703 699
Total non-interest income 14,291 14,016 13,857
Total revenue 31,252 31,336 31,034
Provision for credit losses 1,808 6,084 3,027
Profit from operating activity 29,444 25,252 28,007
Non-interest expenses      
Salaries and employee benefits 8,541 8,624 8,443
Premises and technology [2] 2,351 2,408 2,807
Depreciation and amortization [2] 1,511 1,546 1,053
Communications 369 418 459
Advertising and business development 404 445 625
Professional 789 753 861
Business and capital taxes 511 517 515
Other 2,142 2,145 1,974
Total non-interest expenses 16,618 16,856 16,737
Income before taxes 12,826 8,396 11,270
Income tax expense 2,871 1,543 2,472
Net income 9,955 [3] 6,853 [3] 8,798
Net income attributable to non-controlling interests in subsidiaries 331 75 408
Net income attributable to equity holders of the Bank 9,624 6,778 8,390
Preferred shareholders and other equity instrument holders 233 196 182
Common shareholders $ 9,391 $ 6,582 $ 8,208
Earnings per common share (in dollars)      
Basic [4] $ 7.74 $ 5.43 $ 6.72
Diluted [4] 7.70 5.30 6.68
Dividends paid per common share (in dollars) $ 3.60 $ 3.60 $ 3.49
[1] Includes interest income on financial assets measured at amortized cost and FVOCI, calculated using the effective interest method, of $24,547 for the year ended October 31, 2021 (October 31, 2020 – $29,173; October 31, 2019 – $32,436).
[2] The amounts for the years ended October 31, 2021 and October 31, 2020 have been prepared in accordance with IFRS 16; prior year amounts have not been restated.
[3] The amounts for the years ended October 31, 2021 and October 31, 2020 have been prepared in accordance with IFRS 16; prior year amounts have not been restated (refer to Notes 3 and 4).
[4] Earnings per share calculations are based on full dollar and share amounts.