Segment Reporting (Tables)

6 Months Ended

May 31, 2019

Segment Reporting [Abstract]

Net Revenues, Expenses and Total Assets by Segment

Our net revenues, non-interest expenses and earnings (loss) before income taxes by reportable business segment are summarized below (in millions):

	Three Months Ended   May 31,					Six Months Ended   May 31,
	2019		2018			2019		2018
Capital Markets:
Net revenues	$	859.3	$	811.3		$	1,517.5	$	1,622.0
Non-interest expenses	716.8		687.5			1,319.9		1,370.2
Earnings before income taxes	$	142.5	$	123.8		$	197.6	$	251.8
Asset Management:
Net revenues	$	42.6	$	11.3		$	70.1	$	21.8
Non-interest expenses	30.0		13.2			50.0		29.0
Earnings (loss) before income taxes	$	12.6	$	(1.9	)	$	20.1	$	(7.2	)
Total:
Net revenues	$	901.9	$	822.6		$	1,587.6	$	1,643.8
Non-interest expenses	746.8		700.7			1,369.9		1,399.2
Earnings before income taxes	$	155.1	$	121.9		$	217.7	$	244.6

The following table summarizes our total assets by reportable business segment (in millions):

	May 31, 2019		November 30, 2018
Capital Markets	$	39,672.3	$	38,700.7
Asset Management	3,145.3		2,468.1
Total assets	$	42,817.6	$	41,168.8

Net Revenues by Geographic Region

Net revenues by geographic region were as follows (in millions):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019		2018
Americas (1)	$	749.4	$	720.7	$	1,258.0	$	1,402.8
Europe (2)	125.2		79.2		276.7		197.4
Asia	27.3		22.7		52.9		43.6
Net revenues	$	901.9	$	822.6	$	1,587.6	$	1,643.8

(1) Substantially all relates to U.S. results.

(2)

Substantially all relates to U.K. results.