Segment Reporting (Tables)

3 Months Ended

Feb. 28, 2021

Segment Reporting [Abstract]

Schedule of 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
	February 28, 2021		February 29, 2020
Investment Banking and Capital Markets:
Net revenues	$	1,959.5	$	1,148.8
Non-interest expenses	1,416.2		898.9
Earnings before income taxes	$	543.3	$	249.9
Asset Management:
Net revenues	$	169.9	$	21.9
Non-interest expenses	42.0		36.4
Earnings (loss) before income taxes	$	127.9	$	(14.5)
Total:
Net revenues	$	2,129.4	$	1,170.7
Non-interest expenses	1,458.2		935.3
Earnings before income taxes	$	671.2	$	235.4

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

	February 28, 2021		November 30, 2020
Investment Banking and Capital Markets	$	48,694.6	$	44,488.1
Asset Management	2,691.8		3,263.9
Total assets	$	51,386.4	$	47,752.0

Summary Net Revenues by Geographic Region

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

	Three Months Ended
	February 28, 2021		February 29, 2020
Americas (1)	$	1,750.6	$	950.1
Europe (2)	298.8		159.3
Asia Pacific	80.0		61.3
Net revenues	$	2,129.4	$	1,170.7

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

(2)Substantially all relates to U.K. results.