|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, 30 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 page 46 of the 2017 Operating Groups Performance Review (PDF, 839 KB).
4 Corporate Services, including Technology & Operations.
na – not applicable
|Revenue, net of CCPB2||20,722||19,544||20,722||19,628|
|Provision for credit losses||774||815||850||815|
|Earnings per share – diluted ($)||7.92||6.92||8.16||7.52|
|Return on equity (%)||13.3%||12.1%||13.7%||13.1%|
|Operating leverage, net of CCPB (%)||3.7%||1.1%||1.9%||2.1%|
|Common Equity Tier 1 Ratio (%)||11.4%||10.1%||na||na|
|Net Income by Segment3|
|BMO Capital Markets||1,315||1,253||1,317||1,254|
|U.S. P&C (US$ in millions)||817||819||853||856|