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Consolidated statement of income - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2025
Jan. 31, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Interest income (Note 14)          
Loans [1] $ 7,685 $ 8,296 $ 8,250 $ 15,981 $ 16,531
Securities [1] 2,230 2,340 2,379 4,570 4,685
Securities borrowed or purchased under resale agreements [1] 1,341 1,390 1,452 2,731 2,842
Deposits with banks and other [1] 603 693 692 1,296 1,449
Interest income [1] 11,859 12,719 12,773 24,578 25,507
Interest expense (Note 14)          
Deposits 6,110 6,906 7,576 13,016 15,287
Securities sold short 156 133 150 289 306
Securities lent or sold under repurchase agreements 1,608 1,670 1,492 3,278 2,846
Subordinated indebtedness 101 107 136 208 256
Other 96 102 138 198 282
Interest expense 8,071 8,918 9,492 16,989 18,977
Net interest income 3,788 3,801 3,281 7,589 6,530
Non-interest income          
Underwriting and advisory fees 198 181 191 379 360
Deposit and payment fees 241 246 228 487 459
Credit fees 248 245 332 493 698
Card fees 88 114 112 202 212
Investment management and custodial fees 538 553 488 1,091 946
Mutual fund fees 475 531 434 1,006 879
Income from insurance activities, net 81 84 87 165 184
Commissions on securities transactions 125 137 106 262 193
Gains (losses) from financial instruments measured/designated at fair value through profit or loss (FVTPL), net 997 1,161 685 2,158 1,530
Gains (losses) from debt securities measured at fair value through other comprehensive income (FVOCI) and amortized cost, net 9 13 31 22 46
Foreign exchange other than trading (FXOTT) 87 97 102 184 194
Income (loss) from equity-accounted associates and joint ventures 36 26 25 62 41
Other 111 92 62 203 113
Non-interest income 3,234 3,480 2,883 6,714 5,855
Total revenue 7,022 7,281 6,164 14,303 12,385
Provision for credit losses (Note 6) 605 573 514 1,178 1,099
Non-interest expenses          
Employee compensation and benefits 2,255 2,277 2,009 4,532 3,959
Occupancy costs 202 201 208 403 425
Computer, software and office equipment 691 696 653 1,387 1,274
Communications 104 96 96 200 182
Advertising and business development 92 88 86 180 163
Professional fees 63 65 64 128 116
Business and capital taxes 27 36 28 63 63
Other (Notes 13) 385 419 357 804 784
Non-interest expenses 3,819 3,878 3,501 7,697 6,966
Income before income taxes 2,598 2,830 2,149 5,428 4,320
Income taxes 591 659 400 1,250 843
Net income 2,007 2,171 1,749 4,178 3,477
Net income attributable to non-controlling interests 9 8 10 17 22
Preferred shareholders and other equity instrument holders 78 88 61 166 128
Common shareholders 1,920 2,075 1,678 3,995 3,327
Net income attributable to equity shareholders $ 1,998 $ 2,163 $ 1,739 $ 4,161 $ 3,455
Earnings per share (in dollars) (Note 12)          
Basic $ 2.05 $ 2.2 $ 1.79 $ 4.25 $ 3.56
Diluted 2.04 2.19 1.79 4.23 3.55
Dividends per common share (in dollars) $ 0.97 $ 0.97 $ 0.9 $ 1.94 $ 1.8
[1] Interest income included $10.7 billion for the quarter ended April 30, 2025 (January 31, 2025: $11.5 billion; April 30, 2024: $11.9 billion) and $22.3 billion for the six months ended April 30, 2025 (April 30, 2024: $23.9 billion), calculated based on the effective interest rate method.