|As at or for the year ended October 31
(Canadian $ in millions, except as noted)
1 Adjusted results are non-GAAP and are discussed in the Non-GAAP Measures (PDF, 34 KB) section of the MD&A. Management assesses performance on a reported basis and on an adjusted basis and considers both to be useful in assessing underlying ongoing business performance. Presenting results on both bases provides readers with a better understanding of how management assesses results.
2 Net of insurance claims, commissions and changes in policy benefit liabilities (CCPB).
3 Certain comparative figures have been reclassified to conform with the current year’s presentation. See pages 45 and 46 of the 2016 Operating Groups Performance Review (PDF, 188 KB).
4 Corporate Services, including Technology & Operations.
na – not applicable
|Revenue, net of CCPB2||19,544||18,135||19,628||18,137|
|Provision for credit losses||815||612||815||612|
|Earnings per share – diluted ($)||6.92||6.57||7.52||7.00|
|Return on equity||12.1%||12.5%||13.1%||13.3%|
|Operating leverage, net of CCPB2||1.1%||(3.0)%||2.1%||(1.3)%|
|Common Equity Tier 1 Ratio||10.1%||10.7%||na||na|
|Net Income by Segment3|
|BMO Capital Markets||1,268||1,029||1,269||1,031|
|U.S. P&C (US$ in millions)||817||661||854||703|