Statement of Income

For the Year Ended October 31 (Canadian $ in millions, except as noted 2019 2018 2017

Interest, Dividend and Fee Income

Loans $ 19,824 $ 16,275 $ 13,564

Securities (Note 3) (1) 5,541 4,119 3,525

Deposits with banks 787 641 324

26,152 21,035 17,413

Interest Expense

Deposits 8,616 6,080 3,894

Subordinated debt 279 226 155

Other liabilities 4,369 3,291 2,089

13,264 9,597 6,138

Net Interest Income 12,888 11,438 11,275

Non-Interest Revenue

Securities commissions and fees 1,023 1,025 964

Deposit and payment service charges 1,204 1,134 1,109

Trading revenues 298 705 84

Lending fees 1,181 997 917

Card fees 437 428 329

Investment management and custodial fees 1,747 1,749 1627

Mutual fund revenues 1,419 1,473 1,411

Underwriting and advisory fees 986 943 1,044

Securities gains, other than trading (Note 3) 249 239 171

Foreign exchange gains, other than trading 166 182 191

Insurance revenue 3,183 1,879 2,070

Investments in associates and joint ventures 151 167 386

Other 551 546 529

12,595 11,467 10,832

Total Revenue 25,483 22,905 22,107

Provision for Credit Losses (Notes 1 and 4) 872 662 746

Insurance Claims, Commissions and Changes in Policy Benefit Liabilities (Note 14) 2,709 1,352 1,538

Non-Interest Expense

Employee compensation (Notes 20 and 21) 8,423 7461 7,468

Premises and equipment (Note 9) 2,988 2753 2,491

Amortization of intangible assets (Note 11) 554 503 485

Travel and business development 545 519 540

Communications 296 282 286

Professional fees 568 572 569

Other 1,256 1,387 1,353

14,630 13477 13192

Income Before Provision for Income Taxes 7,272 7414 6631

Provision for income taxes (Note 22) 1,514 1961 1292

Net Income $ 5,758 5453 5339

Attributable to:

Equity holders of the bank 5,758 5453 5,337

Non-controlling interest in subsidiaries 2

Net Income $ 5,758 5453 5339

Earnings Per Common Share (Canadian $) (Note 23)

Basic $ 8.68 $8.19 7.93

Diluted 8.66 $817 7.90

Dividends per common share 4.06 3.78 3.56

Bank of Nova Scotia, The

Consolidated Statement of Income

For the year ended October 31 ($ millions) Note 2019 2018 2017

Revenue

Interest income (1)(2) 32

Loans $ 29,116 $ 24,991 $ 21,719

Securities 2,238 1,771 $1,403

Securities purchased under resale agreements

and securities borrowed 502 446 283

Deposits with financial institutions 928 859 522

Interest expense 32 32,784 28,067 23,927

Deposits 13,871 10,544 7,878

Subordinated debentures 294 214 226

Other 1,442 1,118 788

15,607 11,876 8,892

Net interest income 17,177 16,191 15,035

Non-interest income

Card revenues 977 1,105 1,018

Banking services fees 1,812 1,705 1,684

Credit fees 1,316 1,191 1,153

Mutual funds 1,849 1,714 1,639

Brokerage fees 876 895 1,047

Investment management and trust 1,050 732 632

Underwriting and other advisory 497 514 598

Non-trading foreign exchange 667 622 557

Trading revenues 1,488 1,420 986

Net gain on sale of investment securities 12(e) 351 146 380

Net income from investments 17 650 559 407

Insurance underwriting income, net of claims 676 686 626

Other fees and commissions 949 841 903

Other 699 454 490

13,857 12,584 12,120

Total revenue 31,034 28,775 27,155

Provision for credit losses 3,027 2,611 2,249

Non-interest expenses

Salaries and employee benefits 8,443 7,455 7,375

Premises and technology 2,807 2,577 2,436

Depreciation and amortization 1,053 848 761

Communications 459 447 437

Advertising and business development 625 581 581

Professional 861 881 775

Business and capital taxes 515 464 423

Other 1,974 1,805 1,842

16,737 15,058 14,630

Income before taxes 11,270 11,106 10,276

Income tax expense 27 2,472 2,382 2,033

Net income $ 8,798 $ 8,724 $ 8,243

Net income attributable in subsidiaries 31(b) 408 176 238

Net income attributable to equity holders $ 8,390 $ 8,548 $ 8,005

Preferred shareholders, other equity instrument holders 182 187 129

Common shareholders $ 8,208 $ 8,361 $ 7,876

Earnings per common share (in dollars)

Basic $ 6.72 $ 6.90 $ 6.55

Diluted 6.68 6.82 6.49

Dividends paid per common share (in dollars) 3.49 3.28 3.05

Based on the information, find the current and future probabilities of both banks and make a comparative analysis of their financial statements.

Also, find the horizontal analysis, vertical and ratio analysis .