REVENUES (Tables)

6 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

The following tables present our sources of revenues by segment. For further information about our significant accounting policies related to revenue recognition, see Note 2 of our 2019 Form 10-K. See Note 22 of this Form 10-Q for additional information on our segment results.



	Three months ended March 31, 2020
$ in millions	Private Client Group			Capital Markets			Asset Management		RJ Bank			Other and intersegment eliminations			Total
Revenues:
Asset management and related administrative fees	$	833		$	1		$	177	$	—		$	(5	)	$	1,006
Brokerage revenues:
Securities commissions:
Mutual and other fund products	163			1			2		—			—			166
Insurance and annuity products	99			—			—		—			—			99
Equities, ETFs and fixed income products	105			40			—		—			—			145
Subtotal securities commissions	367			41			2		—			—			410
Principal transactions ⁽¹⁾	17			89			—		—			(1		)	105
Total brokerage revenues	384			130			2		—			(1		)	515
Account and services fees:
Mutual fund and annuity service fees	88			—			—		—			—			88
RJBDP fees	99			—			—		—			(48		)	51
Client account and other fees	35			2			4		—			(8		)	33
Total account and service fees	222			2			4		—			(56		)	172
Investment banking:
Merger & acquisition and advisory	—			72			—		—			—			72
Equity underwriting	11			43			—		—			—			54
Debt underwriting	—			22			—		—			—			22
Total investment banking	11			137			—		—			—			148
Other:
Tax credit fund revenues	—			12			—		—			—			12
All other ⁽¹⁾	7			4			1		5			(44		)	(27		)
Total other	7			16			1		5			(44		)	(15		)
Total non-interest revenues	1,457			286			184		5			(106		)	1,826
Interest income ⁽¹⁾	45			10			—		223			7			285
Total revenues	1,502			296			184		228			(99		)	2,111
Interest expense	(7		)	(6		)	—		(18		)	(12		)	(43		)
Net revenues	$	1,495		$	290		$	184	$	210		$	(111	)	$	2,068


(1)	These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.



	Three months ended March 31, 2019
$ in millions	Private Client Group			Capital Markets			Asset Management		RJ Bank			Other and intersegment eliminations			Total
Revenues:
Asset management and related administrative fees	$	638		$	1		$	149	$	—		$	(5	)	$	783
Brokerage revenues:
Securities commissions:
Mutual and other fund products	145			1			2		—			—			148
Insurance and annuity products	99			—			—		—			—			99
Equities, ETFs and fixed income products	74			30			—		—			(2		)	102
Subtotal securities commissions	318			31			2		—			(2		)	349
Principal transactions ⁽¹⁾	20			72			—		—			1			93
Total brokerage revenues	338			103			2		—			(1		)	442
Account and services fees:
Mutual fund and annuity service fees	82			—			1		—			(5		)	78
RJBDP fees	122			—			1		—			(44		)	79
Client account and other fees	27			2			8		—			(3		)	34
Total account and service fees	231			2			10		—			(52		)	191
Investment banking:
Merger & acquisition and advisory	—			121			—		—			—			121
Equity underwriting	8			18			—		—			(1		)	25
Debt underwriting	—			17			—		—			—			17
Total investment banking	8			156			—		—			(1		)	163
Other:
Tax credit fund revenues	—			14			—		—			—			14
All other ⁽¹⁾	9			—			—		7			1			17
Total other	9			14			—		7			1			31
Total non-interest revenues	1,224			276			161		7			(58		)	1,610
Interest income ⁽¹⁾	58			9			1		247			9			324
Total revenues	1,282			285			162		254			(49		)	1,934
Interest expense	(11		)	(8		)	—		(42		)	(14		)	(75		)
Net revenues	$	1,271		$	277		$	162	$	212		$	(63	)	$	1,859


(1)	These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.



	Six months ended March 31, 2020
$ in millions	Private Client Group			Capital Markets			Asset Management		RJ Bank			Other and intersegment eliminations			Total
Revenues:
Asset management and related administrative fees	$	1,615		$	3		$	353	$	—		$	(10	)	$	1,961
Brokerage revenues:
Securities commissions:
Mutual and other fund products	307			4			4		—			(1		)	314
Insurance and annuity products	200			—			—		—			—			200
Equities, ETFs and fixed income products	190			70			—		—			(1		)	259
Subtotal securities commissions	697			74			4		—			(2		)	773
Principal transactions ⁽¹⁾	34			171			—		—			(3		)	202
Total brokerage revenues	731			245			4		—			(5		)	975
Account and services fees:
Mutual fund and annuity service fees	178			—			1		—			(1		)	178
RJBDP fees	204			—			—		—			(95		)	109
Client account and other fees	64			3			8		—			(12		)	63
Total account and service fees	446			3			9		—			(108		)	350
Investment banking:
Merger & acquisition and advisory	—			132			—		—			—			132
Equity underwriting	22			82			—		—			—			104
Debt underwriting	—			53			—		—			—			53
Total investment banking	22			267			—		—			—			289
Other:
Tax credit fund revenues	—			30			—		—			—			30
All other ⁽¹⁾	16			4			1		11			(48		)	(16		)
Total other	16			34			1		11			(48		)	14
Total non-interest revenues	2,830			552			367		11			(171		)	3,589
Interest income ⁽¹⁾	94			18			1		454			15			582
Total revenues	2,924			570			368		465			(156		)	4,171
Interest expense	(15		)	(12		)	—		(39		)	(28		)	(94		)
Net revenues	$	2,909		$	558		$	368	$	426		$	(184	)	$	4,077


(1)	These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.



	Six months ended March 31, 2019
$ in millions	Private Client Group			Capital Markets			Asset Management		RJ Bank			Other and intersegment eliminations			Total
Revenues:
Asset management and related administrative fees	$	1,345		$	3		$	310	$	—		$	(10	)	$	1,648
Brokerage revenues:
Securities commissions:
Mutual and other fund products	302			3			5		—			(2		)	308
Insurance and annuity products	203			—			—		—			—			203
Equities, ETFs and fixed income products	158			70			—		—			(2		)	226
Subtotal securities commissions	663			73			5		—			(4		)	737
Principal transactions ⁽¹⁾	39			129			—		1			—			169
Total brokerage revenues	702			202			5		1			(4		)	906
Account and services fees:
Mutual fund and annuity service fees	165			—			2		—			(8		)	159
RJBDP fees	231			—			2		—			(85		)	148
Client account and other fees	60			2			15		—			(8		)	69
Total account and service fees	456			2			19		—			(101		)	376
Investment banking:
Merger & acquisition and advisory	—			206			—		—			—			206
Equity underwriting	15			45			—		—			—			60
Debt underwriting	—			34			—		—			—			34
Total investment banking	15			285			—		—			—			300
Other:
Tax credit fund revenues	—			33			—		—			—			33
All other ⁽¹⁾	16			2			—		12			5			35
Total other	16			35			—		12			5			68
Total non-interest revenues	2,534			527			334		13			(110		)	3,298
Interest income ⁽¹⁾	114			19			2		486			19			640
Total revenues	2,648			546			336		499			(91		)	3,938
Interest expense	(21		)	(16		)	—		(84		)	(27		)	(148		)
Net revenues	$	2,627		$	530		$	336	$	415		$	(118	)	$	3,790


(1)	These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.