Segment Reporting (Tables)

9 Months Ended

Aug. 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   August 31,						Nine Months Ended   August 31,
	2019			2018			2019		2018
Capital Markets:
Net revenues	$	757.4		$	767.0		$	2,274.9	$	2,389.0
Non-interest expenses	671.2			678.6			1,991.0		2,048.8
Earnings before income taxes	$	86.2		$	88.4		$	283.9	$	340.2
Asset Management:
Net revenues	$	19.8		$	10.6		$	89.8	$	32.4
Non-interest expenses	22.9			11.9			72.9		40.9
Earnings (loss) before income taxes	$	(3.1	)	$	(1.3	)	$	16.9	$	(8.5	)
Total:
Net revenues	$	777.2		$	777.6		$	2,364.7	$	2,421.4
Non-interest expenses	694.1			690.5			2,063.9		2,089.7
Earnings before income taxes	$	83.1		$	87.1		$	300.8	$	331.7

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

	August 31, 2019		November 30, 2018
Capital Markets	$	39,945.6	$	38,700.7
Asset Management	3,148.0		2,468.1
Total assets	$	43,093.6	$	41,168.8

Net Revenues by Geographic Region

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

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2019		2018		2019		2018
Americas (1)	$	613.4	$	639.7	$	1,871.3	$	2,042.4
Europe (2)	136.9		115.9		413.6		313.4
Asia	26.9		22.0		79.8		65.6
Net revenues	$	777.2	$	777.6	$	2,364.7	$	2,421.4

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

(2)

Substantially all relates to U.K. results.