Based on 2005 total reported diluted EPS of $5.13.
Operating leverage is the difference between revenue growth rate and non-interest expense growth rate. Our 2006 objective for operating leverage is based on 2005 non-interest expenses excluding the Enron litigation reserve of $591 million recorded in Q4 2005.
Ratio of specific provisions for credit losses to average loans and acceptances.
1. Total shareholder return (1)
Top quartile (2)
Total shareholder return is calculated based on share price appreciation plus dividend income.
Versus seven large Canadian financial institutions (Manulife Financial Corporation, Bank of Nova Scotia, TD Bank Financial Group, BMO Financial Group, Sun Life Financial Inc., Canadian Imperial Bank of Commerce and National Bank of Canada) and 13 top U.S. financial institutions (Bank of America, JP Morgan Chase & Co., Wells Fargo & Company, Wachovia Corporation, US Bancorp, Sun Trust Banks, Inc., The Bank of New York, BB&T Corporation, Fifth Third Bancorp, National City Corporation, The PNC Financial Services Group, KeyCorp and Northern Trust Corporation).