| 2006 Targets | 2006 Performance | Targets for 2007 | |
|---|---|---|---|
| 5% to 10% EPS growth from a base of $4.58* (excluding changes in the general allowance) |  |
11.6% to $5.11. See Earnings per Share Growth in the Value Measures (PDF, 146 KB) section of the MD&A |
5% to 10% EPS growth from a base of $5.11 (excluding changes in the general allowance) |
| ROE of 17% to 19% | |
19.2% See Return on Equity in the Value Measures (PDF, 146 KB) section of the MD&A |
ROE of 18% to 20% |
| Specific provision for credit losses of $400 million or less | |
$211 million See Provision for Credit Losses in the 2006 Financial Performance Review (PDF, 297 KB) section of the MD&A |
Specific provision for credit losses of $400 million or less |
| Tier 1 Capital Ratio of at least 8.0% | |
10.22% See Enterprise-Wide Capital Management in the Financial Condition Review (PDF, 218 KB) section of the MD&A |
Moved to Capital Management Policy(1) |
| Improve cash productivity ratio by 100 to 150 bps |  |
25 bps improvement. See Productivity in the 2006 Financial Performance Review (PDF, 297 KB) section of the MD&A |
Improve cash productivity ratio by 100 to 150 bps |
*Restated from $4.59 due to the retroactive application of a change in accounting for stock-based compensation as discussed in the Changes in Accounting Policies in 2006 (PDF, 165 KB) section of the MD&A.
(1) Our policy is to maintain a Tier 1 Capital Ratio of at least 8.0%, but we no longer state this as an annual financial target.
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