Steady Growth in Net Income and Revenue
Excluding gains from the sale of real estate recorded in the previous quarter, net revenue was up 10% and net income was up 40%, reflecting steady growth.
Consistent Achievement of ROE Targets
Return on equity reached 10.6%, meeting the quantitative target of 8% to 10% for the sixth consecutive quarter.
Record Highs in Wealth and Investment Management
Recurring revenue assets in Wealth Management saw a net inflow for the 14th consecutive quarter, reaching an all-time high. Investment Management also reached an all-time high on a 10th consecutive quarter of net inflows.
Strong Performance in Global Markets
Net revenue in Equities reached a record high, with a strong performance in both Global Markets and Investment Banking.
Income Before Income Taxes Growth
Income before income taxes rose 63% in the international regions and 25% across all four divisions.