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Earnings Per Share (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Summary of Basic and Diluted Earnings Per Share
The following table presents our basic and diluted earnings per share:
 
Basic Earnings Per Common Share
(Canadian $ in millions, except as noted)
   
2025
      2024  
Net income attributable to bank shareholders
   
$
8,709
 
    $ 7,318  
Dividends on preferred shares and distributions on other equity instruments
   
 
(436
)
      (386 ) 
Net income available to common shareholders
   
$
8,273
 
    $ 6,932  
Weighted-average number of common shares outstanding
(in thousands)
   
 
721,926
 
      727,738  
Basic earnings per common share
(Canadian $)
   
$
11.46
 
    $ 9.52  
Diluted Earnings Per Common Share
(Canadian $ in millions, except as noted)
   
 
2025
 
      2024  
Net income available to common shareholders
   
$
8,273
 
    $ 6,932  
Weighted-average number of common shares outstanding
(in thousands)
   
 
721,926
 
      727,738  
Dilutive impact of stock options
(1)
      
Stock options potentially exercisable
   
 
5,897
 
      3,556  
Common shares potentially repurchased
   
 
(4,556
)
      (2,759 ) 
Weighted-average number of diluted common shares outstanding
(in thousands)
   
 
    723,267
 
          728,535  
Diluted earnings per common share
(Canadian $)
   
$
11.44
 
    $ 9.51  
 
  (1)
The dilutive effect of stock options was calculated using the treasury stock method. In computing diluted earnings per common share, we excluded average stock options outstanding of 477,101 with a weighted-average exercise price of $150.96 for the year ended October 31, 2025 (3,220,995 with a weighted-average exercise price of $130.33 for the year ended October 31, 2024), as the average share price in each of the two years did not exceed the exercise price.