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Consolidated Statement of Income - CAD ($)
$ in Millions
3 Months Ended
Jan. 31, 2026
Oct. 31, 2025
Jan. 31, 2025
Interest income      
Loans [1] $ 10,410 $ 10,975 $ 11,537
Securities [1] 1,661 1,863 2,164
Securities purchased under resale agreements and securities borrowed [1] 802 814 616
Deposits with financial institutions [1] 458 563 663
Total interest income [1] 13,331 14,215 14,980
Interest expense      
Deposits 7,207 7,995 9,088
Subordinated debentures 76 90 99
Other 466 544 620
Total interest expenses 7,749 8,629 9,807
Net interest income 5,582 5,586 5,173
Non-interest income      
Card revenues 252 223 218
Banking services fees 482 499 502
Credit fees 327 318 326
Mutual funds 720 681 635
Brokerage fees 413 381 353
Investment management and trust 302 296 286
Underwriting and advisory fees 250 261 223
Non-trading foreign exchange 251 240 264
Trading revenues 703 461 655
Net gain on sale of investment securities 19 11 31
Net income from investments in associated corporations 189 179 113
Insurance service results 122 120 125
Other fees and commissions 418 452 422
Other (384) 95 46
Total non-interest income 4,064 4,217 4,199
Total revenue 9,646 9,803 9,372
Provision for credit losses 1,176 1,113 1,162
Profit from operating activity 8,470 8,690 8,210
Non-interest expenses      
Salaries and employee benefits 2,941 2,812 2,709
Premises and technology 799 876 800
Depreciation and amortization 385 403 403
Communications 92 95 97
Advertising and business development 185 188 156
Professional 159 234 205
Business and capital taxes 179 176 184
Other 559 1,044 1,937
Total non-interest expenses 5,299 5,828 6,491
Income before taxes 3,171 2,862 1,719
Income tax expense 872 656 726
Net income 2,299 2,206 993
Net income attributable to non-controlling interests in subsidiaries 12 (13) (154)
Net income attributable to equity holders of the Bank 2,287 2,219 1,147
Preferred shareholders and other equity instrument holders 132 115 122
Common shareholders $ 2,155 $ 2,104 $ 1,025
Earnings per common share (in dollars)      
Basic [2] $ 1.75 $ 1.7 $ 0.82
Diluted [2] 1.73 1.65 0.66
Dividends paid per common share (in dollars) $ 1.1 $ 1.1 $ 1.06
[1] Includes interest income on financial assets measured at amortized cost and FVOCI, calculated using the effective interest method, of $13,125 for the three months ended January 31, 2026 (October 31, 2025 – $14,001; January 31, 2025 – $14,577).
[2] Earnings per share calculations are based on full dollar and share amounts.