Financial Overview and Sector Exposure
APPENDIX 4 | FINANCIAL MARKETS
Financial Markets Summary Results - Q1 2022
($MM)
Q1 22
Q4 21
Q1 21
QoQ
YOY
Revenues
662
496
598
33%
11%
Global Markets
433
267
355
62%
22%
-
C&IB
229
229
243
(6%)
Non-Interest Expenses
260
209
231
24%
13%
Pre-Tax/Pre-Provisions
402
287
367
40%
10%
PCL
(16)
(40)
20
Net Income
307
240
255
28%
20%
-
Other Metrics
Q1 22
Q4 21
Q1 21
QoQ
YOY
Avg Loans & BAS (1)
20,219
19,825
19,769
2%
2%
Efficiency Ratio (%)
39.3%
42.1%
38.6% -280 bps +70 bps
Financial Markets Revenues
■ Record revenues of $662M, up 11% YoY
-
Global Markets: Record performance in Equity
amid pick-up in volatility and client activity;
continued momentum in Structured Products
C&IB: solid performance against strong Q1/21
Expenses up 13% YoY, mostly related to
variable compensation
Targeted IT investments to support future growth
and further diversify our revenue streams
Q1 efficiency ratio <40%
Global Markets Revenues
($MM)
662
(SMM)
433
611
598
587
396
40
519 515
537
474
496
229
355
64
215
302
38
110
243
289
281
279
318
217
185
234
258
30 105
19
269
267
19
229
116
24
32
34
85
55
126
114
84
58
99
433
283
396
355
227
289
302
281
269
279
267
201
174
157
148
171
175
138
Q1 20 Q2 20 Q3 20 Q4 20
■Global Markets
(1) Corporate Banking only.
Q1 21
Q2 21
Q3 21 Q4 21 Q1 22
Q1 20
■C&IB
Q2 20
■ Equity
Q3 20 Q4 20
Q1 21
■Fixed income
Q2 21
Q3 21 Q4 21 Q1 22
■Commodity and Foreign exchange
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