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Financial highlights(1) |
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![MS Excel](../../images/overview/excel.gif) |
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(C$ millions, except per share, |
Change |
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number and percentage amounts) |
2004/2003 |
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2004 |
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2003 |
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2002 |
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2001 |
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2000 |
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Earnings |
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Net interest income |
2 |
% |
$ |
6,684 |
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$ |
6,578 |
$ |
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6,869 |
$ |
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6,291 |
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$ |
5,195 |
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Non-interest income |
3 |
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10,666 |
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10,369 |
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10,191 |
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9,514 |
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7,536 |
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Total revenues |
2 |
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17,350 |
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16,947 |
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17,060 |
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15,805 |
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12,731 |
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Provision for credit losses |
(51 |
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347 |
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715 |
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1,065 |
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1,119 |
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691 |
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Insurance policyholder benefits, |
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claims and acquisition
expense |
7 |
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1,509 |
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1,404 |
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1,330 |
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1,153 |
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772 |
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Non-interest expense |
8 |
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11,020 |
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10,236 |
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10,244 |
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9,603 |
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7,628 |
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Business realignment charges |
n.m |
. |
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192 |
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– |
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– |
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– |
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– |
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Goodwill impairment |
n.m |
. |
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130 |
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– |
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– |
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38 |
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– |
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Net income |
(6 |
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2,839 |
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3,036 |
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2,898 |
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2,435 |
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2,208 |
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Return on common equity (ROE) |
(110 |
)bp |
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15.9% |
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17.0% |
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16.6% |
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16.6% |
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19.3% |
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Balance sheet data |
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Loans (before allowance for loan losses) |
10 |
% |
$ |
189,154 |
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$ |
172,547 |
$ |
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170,269 |
$ |
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169,646 |
$ |
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156,184 |
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Assets |
9 |
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447,682 |
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412,591 |
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382,000 |
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362,562 |
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294,173 |
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Deposits |
4 |
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271,575 |
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260,518 |
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245,040 |
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235,687 |
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206,237 |
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Subordinated debentures |
29 |
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8,522 |
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6,581 |
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6,960 |
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6,861 |
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5,825 |
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Common equity |
1 |
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17,562 |
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17,304 |
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17,240 |
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16,215 |
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11,296 |
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Capital ratios (Canadian basis) |
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Tier 1 capital |
(80 |
)bp |
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8.9% |
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9.7% |
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9.3% |
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8.7% |
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8.6% |
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Total capital |
(40 |
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12.4 |
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12.8 |
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12.7 |
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11.8 |
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12.0 |
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Common equity to risk-adjusted assets |
(100 |
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9.5 |
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10.5 |
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10.4 |
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9.4 |
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7.3 |
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Common share information |
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Shares outstanding (in thousands) |
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End of year |
(2 |
)% |
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644,748 |
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656,021 |
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665,257 |
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674,021 |
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602,398 |
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Average basic |
(2 |
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646,023 |
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662,080 |
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672,571 |
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641,516 |
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606,389 |
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Average diluted |
(2 |
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656,047 |
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669,625 |
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679,153 |
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647,216 |
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609,865 |
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Earnings per share |
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Basic |
(4 |
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$ |
4.31 |
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$ |
4.47 |
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$ |
4.16 |
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$ |
3.58 |
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$ |
3.42 |
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Diluted |
(4 |
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4.25 |
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4.42 |
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4.12 |
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3.55 |
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3.40 |
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Share price |
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High |
1 |
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65.90 |
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65.00 |
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58.89 |
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53.25 |
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48.88 |
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Low |
9 |
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58.04 |
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53.26 |
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45.05 |
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41.60 |
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27.25 |
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Close |
– |
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63.40 |
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63.48 |
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54.41 |
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46.80 |
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48.30 |
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Dividends per share |
17 |
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2.02 |
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1.72 |
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1.52 |
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1.38 |
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1.14 |
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Book value per share – year-end |
4 |
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27.49 |
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26.38 |
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25.91 |
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24.06 |
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18.75 |
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Market capitalization (C$ billions) |
(2 |
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40.9 |
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41.6 |
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36.2 |
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31.5 |
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29.1 |
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Number of: |
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Employees (full-time equivalent) |
1,754 |
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62,566 |
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60,812 |
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59,549 |
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57,568 |
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49,232 |
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Automated banking machines |
(29 |
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4,372 |
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4,401 |
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4,486 |
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4,548 |
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4,517 |
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Service delivery units |
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Canada |
(52 |
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1,245 |
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1,297 |
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1,311 |
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1,317 |
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1,333 |
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International |
51 |
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839 |
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788 |
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807 |
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724 |
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306 |
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![](../../images/global/black.gif) |
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(1) |
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Financial information is derived from
U.S. GAAP consolidated financial statements, unless otherwise noted.
Select definitions are available in the Glossary on pages 121 and
122. |
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(2) |
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Return on equity is defined in the
Glossary on page 122. |
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(3) |
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Calculated using guidelines issued
by the Superintendent of Financial Institutions Canada and Canadian
GAAP financial information. |
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(4) |
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Basic and diluted earnings per share
for 2003 have been restated to reflect a reduction of one cent per
share as a result of adopting EITF 03-6 during 2004. See Note 1 on
page 83 for details. |
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(5) |
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Intraday high and low share prices. |
![RBC Highlights - Graphs](../../images/overview/highlights.gif) |