Net income attributable to common shareholders was $1.53 billion, or $3.85 per share, compared to $1.35 billion, or $3.39 per share, last year.
In the Retail Banking segment, earnings decreased 21% versus last year, driven by lower non-interest income, a higher provision for credit losses and higher non-interest expense, partly offset by increased net interest income.
In Corporate & Institutional Banking, earnings increased 17%, reflecting higher net interest income and non-interest income as well as a lower provision for credit losses, partly offset by higher non-interest expense.
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In Asset Management Group, earnings increased 36%, due to higher revenue and a provision recapture, partly offset by higher non-interest expense.