|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, 40 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 See page 44 of the 2018 Operating Groups Performance Review (PDF, 681 KB).
4 Corporate Services, including Technology & Operations.
Certain comparative figures have been reclassified to conform with the current year’s presentation.
na – not applicable
|Revenue, net of CCPB2||21,685||20,722||21,685||20,722|
|Provision for credit losses||662||746||662||822|
|Earnings per share – diluted ($)||8.17||7.92||8.99||8.16|
|Return on equity (%)||13.2%||13.3%||14.6%||13.7%|
|Operating leverage, net of CCPB (%)||2.5%||3.8%||1.2%||2.0%|
|Common Equity Tier 1 Ratio (%)||11.3%||11.4%||na||na|
|Net Income by Segment3|
|BMO Capital Markets||1,156||1,275||1,169||1,277|
|U.S. P&C (US$ in millions)||1,083||787||1,118||823|