TD Stock  
   
Navigator
TD In Perspective
A Comparison of North American Banks
1998

  1. This review comprises the 16 largest North American Banks based on total asset size.
  2. Fiscal 1998 (October) data for Canadian Banks, trailing 4 quarters data to September 1998 for US Banks, except where noted otherwise.
  3. Market Capitalization data is based on market prices as at December 31.
  4. Long-term debt ratings updated March 8, 1999

Return on Assets

 


Return on Common Shareholders' Equity

 


Non-Interest Expenses

 


Average Total Loans Growth Rate

 


Provision for Credit Impairment

 


Internal Capital Generation

 


Book Value Per Common Share

 


Market Price vs. Book Value Ratio

 


Price/Earnings Ratio

 


Investment Return

 


Long Term Debt Ratings
Major North American Banks

 Standard
& Poor's
Moody's
J.P. MorganAAA1
Royal BankAA-Aa2
Toronto DominionAA-Aa3
Bank of MontrealAA- Aa3
CIBCAA-Aa3
CiticorpAA-Aa3
ScotiabankA+Aa3
BankAmericaA+Aa2
Bank OneA+Aa3
Chase ManhattanA+Aa3
First UnionAA1
Fleet FinancialAA2
Wells FargoA-Aa3
KeyCorpA-A1
Bankers Trust A- (1)A2 (1)
PNC Bank A-A2

Notes: Based on rating of bank holding corporations.
 (1) Under review with positive implications.

Last update: March 8, 1999

 


Capitalization
Major North American Banks

 Tier 1 Capital Ratios 
 19981997Common Equity
(U.S. $ Millions)
Bank One  *9.20 %8.70 %$ 12,043
Wells Fargo  **8.47 7.53 $ 12,925
Chase Manhattan8.34 7.83 $ 22,190
Citicorp8.03 8.25 $ 20,283
J.P. Morgan7.60 8.10 $ 10,825
CIBC7.60 6.40 $ 5,947
PNC Bank7.48 7.72 $ 5,786
First Union7.47 8.22 $ 17,370
BankAmerica  ***7.29 7.00 $ 47,223
Bankers Trust7.09 8.40 $ 4,316
KeyCorp7.01 6.73 $ 5,553
Royal Bank7.00 6.50 $ 6,318
Bank of Montreal6.95 6.35 $ 5,606
Toronto Dominion6.90 6.40 $ 4,983
Fleet Financial6.88 7.19 $ 8,484
Scotiabank6.80 6.60 $ 5,858

Notes:* Bank One merged with First Chicago NBD subsequent to the above, on October 2, 1998.
** Wells Fargo and Norwest merged subsequent to the above, on November 2, 1998.
*** BankAmerica data included NationsBank, merged on September 30, 1998.
Tier 1 ratios: Canadian banks: October 31st (pro-forma US rules basis): US banks: September 30th
Common Equity: Canadian Banks: October 31, 1998 converted to US$ at $0.6481 - US banks; September 30, 1998.

 


Market Capitalization
Major North American Banks

($U.S. Billions)
Dec. 31Dec. 31
 19981997
Citycorp$122.8$111.8
BankAmerica 104.7 103.7
Bank One 63.4 60.0
Wells Fargo 62.8 65.5
First Union 49.3 59.7
Chase Manhattan 46.1 57.7
Fleet 20.7 25.3
J.P. Morgan 19.9 18.4
PNC Bank 17.1 16.4
Royal Bank 16.3 15.4
KeyCorp 15.5 14.5
CIBC 12.9 10.3
Bank of Montreal 11.6 10.6
Bank of Nova Scotia 11.5 10.8
Toronto Dominion 11.2 10.4
Bankers Trust 10.9 8.2

Notes: Market prices - December 31, 1998 and 1997
Number of common shares outstanding as reported:
- Cdn. banks October 31, 1998 and 1997
- U.S. banks December 31, 1998 and 1997
Where mergers have occurred during fiscal 1998, the 1997 data relects merged entity.



Copyright © TD Bank
Click here to view The Fine Print
Click here to view Internet Security Information.