Segment Reporting (Tables)

6 Months Ended

May 31, 2022

Segment Reporting [Abstract]

Schedule of Net Revenues, Expenses and Total Assets by Segment

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

	Three Months Ended  May 31,				Six Months Ended  May 31,
	2022		2021		2022		2021
Investment Banking and Capital Markets:
Net revenues	$	1,098.4	$	1,573.1	$	2,580.2	$	3,531.9
Non-interest expenses	910.4		1,146.4		1,971.3		2,562.6
Earnings before income taxes	$	188.0	$	426.7	$	608.9	$	969.3
Asset Management:
Net revenues	$	31.1	$	44.3	$	91.1	$	214.9
Non-interest expenses	30.1		41.7		74.1		83.7
Earnings before income taxes	$	1.0	$	2.6	$	17.0	$	131.2
Total:
Net revenues	$	1,129.5	$	1,617.4	$	2,671.3	$	3,746.8
Non-interest expenses	940.5		1,188.1		2,045.4		2,646.3
Earnings before income taxes	$	189.0	$	429.3	$	625.9	$	1,100.5

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

	May 31, 2022		November 30, 2021
Investment Banking and Capital Markets	$	49,837.8	$	51,697.4
Asset Management	3,318.5		3,071.5
Total assets	$	53,156.3	$	54,768.9

Summary 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,
	2022		2021		2022		2021
Americas (1)	$	839.5	$	1,255.3	$	2,050.6	$	3,005.9
Europe (2)	213.3		289.4		468.3		588.2
Asia Pacific	76.7		72.7		152.4		152.7
Net revenues	$	1,129.5	$	1,617.4	$	2,671.3	$	3,746.8

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

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