Financial Overview and Sector Exposure
Q1 2022 SOLID ORGANIC GROWTH ACROSS THE BANK
P&C Banking
Revenues:
PTPP(1):
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Strong quarter across the franchise, with PTPP up 11% YoY
+9% YoY
■ Continued momentum in commercial lending, with loans up 3% QoQ(3)
+11% YoY
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Housing market remains robust, with retail mortgage loans up 2% QoQ (3)
Wealth Management
Revenues: +14% YoY
PTPP(1):
+13% YoY
☐
Strong business performance, with PTPP up 13%
■ Continued momentum in full-service brokerage and mutual fund sales
■ AUA up 17% and AUM up 22% YoY
Financial Markets
Revenues(2); +11% YoY
PTPP(1)(2):
■ Record quarter for Financial Markets
■
+10% YoY
Global Markets revenues up 22% YoY amid pick-up in volatility and client activity
■ Resilient performance from C&IB
USS F&I
■ ABA: Continued growth with revenues up 33% YoY
Credigy: Strong portfolio performance in the quarter; prior year results included a gain
following the opportunistic sale of a portfolio(4)
Revenues:
PTPP(1):
+4% YoY
+7% YoY
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(1) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(2) On a taxable equivalent basis (TEB), which is a non-GAAP financial measure. See slide 2.
(3) Represents quarter on quarter growth in Q1-22 average loans and acceptances.
(4) Gain on sale of portfolio of $26MM accounted for in Q1-21.
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