News Releases

Financial Results Highlights:

First Quarter 2014 Compared with First Quarter 2013:

- Net income of $1,061 million, up 2%; adjusted net income(1) of $1,083 million, up 5%

- EPS(2) of $1.58, up 5%; adjusted EPS(1,2) of $1.61, up 7%

- ROE of 14.2%, compared with 14.9%; adjusted ROE(1) of 14.5%, compared with 14.8%

- Provisions for credit losses of $99 million, compared with $178 million; adjusted provisions for credit losses(1) of $99 million, compared with $96 million

- Basel III Common Equity Ratio is 9.3%

- Canadians are 10 times more likely to rely on research than emotion

- However, only one in three relies completely on research and just 28 per cent report being in control of their emotions at all times

- Optimism, anticipation and confidence are the most common feelings associated with investing

- Canadians are upbeat about investing opportunities in Canada, but less optimistic about the loonie and interest rates