Segment Reporting (Tables)

9 Months Ended

Aug. 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  August 31,				Nine Months Ended  August 31,
	2022		2021		2022		2021
Investment Banking and Capital Markets:
Net revenues	$	1,134.7	$	1,650.3	$	3,714.9	$	5,182.2
Non-interest expenses	968.0		1,060.8		2,939.2		3,623.4
Earnings before income taxes	$	166.7	$	589.5	$	775.7	$	1,558.8
Asset Management:
Net revenues	$	(13.8)	$	(0.3)	$	77.3	$	214.6
Non-interest expenses	29.8		29.5		103.9		113.2
Earnings (loss) before income taxes	$	(43.6)	$	(29.8)	$	(26.6)	$	101.4
Total:
Net revenues	$	1,120.9	$	1,650.0	$	3,792.2	$	5,396.8
Non-interest expenses	997.8		1,090.3		3,043.1		3,736.6
Earnings before income taxes	$	123.1	$	559.7	$	749.1	$	1,660.2

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

	August 31, 2022		November 30, 2021
Investment Banking and Capital Markets	$	48,297.0	$	51,697.4
Asset Management	2,885.8		3,071.5
Total assets	$	51,182.8	$	54,768.9

Summary 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,
	2022		2021		2022		2021
Americas (1)	$	758.5	$	1,306.8	$	2,809.1	$	4,312.7
Europe (2)	284.1		280.3		752.4		868.5
Asia Pacific	78.3		62.9		230.7		215.6
Net revenues	$	1,120.9	$	1,650.0	$	3,792.2	$	5,396.8

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

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