Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2021

Text Block [Abstract]

Summary of Earnings Per Share

For the year ended October 31 ($ millions)	2021		2020		2019
Basic earnings per common share
Net income attributable to common shareholders	$	9,391	$	6,582	$	8,208
Weighted average number of common shares outstanding (millions)		1,214		1,212		1,222
Basic earnings per common share(1) (in dollars)	$	7.74	$	5.43	$	6.72
Diluted earnings per common share
Net income attributable to common shareholders	$	9,391	$	6,582	$	8,208
Dilutive impact of share-based payment options and others(2)		43		6		142
Net income attributable to common shareholders (diluted)	$	9,434	$	6,588	$	8,350
Weighted average number of common shares outstanding (millions)		1,214		1,212		1,222
Dilutive impact of share-based payment options and others(2) (millions)		11		31		29
Weighted average number of diluted common shares outstanding (millions)		1,225		1,243		1,251
Diluted earnings per common share(1) (in dollars)	$	7.70	$	5.30	$	6.68

(1) Earnings per share calculations are based on full dollar and share amounts.

(2) Certain tandem stock appreciation rights or options as well as acquisition-related put/call options that the Bank may settle at its own discretion by issuing common shares were not included in the calculation of diluted earnings per share as they were anti-dilutive.