News Releases

Financial Results Highlights:

Third Quarter 2015 Compared with Third Quarter 2014:

- Net income of $1,192 million, up 6%; adjusted net income(1) of $1,230 million, up 6%

- EPS(2) of $1.80, up 8%; adjusted EPS(1,2) of $1.86, up 8%

- ROE of 13.6%, compared with 14.4%; adjusted ROE(1) of 14.0%, compared with 14.9%

- Provisions for credit losses of $160 million, compared with $130 million

- Basel III Common Equity Tier 1 Ratio of 10.4%

Year-to-Date 2015 Compared with Year-to-Date 2014:

- Net income of $3,191 million, down 2%; adjusted net income(1) of $3,417 million, up 2%

- EPS(2) of $4.75, down 2%; adjusted EPS(1,2) of $5.10, up 3%

- ROE of 12.3%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.7%

- Provisions for credit losses of $484 million, compared with $391 million

- Nearly half of Canadians fear financial loss and one third are concerned about how market volatility will affect their investments

- Ninety per cent are confused about investing while only one in 10 say nothing confuses them

- Many are confused when looking for the right investment option that will yield the best return and suits their level of risk tolerance

- Forty-three per cent of Canadians have or intend to purchase life insurance

- Fewer than one third are confident that their financial plan has addressed their insurance needs

- Only 49 per cent feel that they have some understanding of the insurance products best suited for their life stage

- The national winner will receive a $10,000 award; the 12 regional winners from across Canada will each be awarded $5,000

- 13 winning works will be showcased from October 22 to December 18, 2015 at the Justina M. Barnicke Gallery, University of Toronto