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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Principal transactions $ 143 $ 93 $ 345 $ 262
Noninterest Income 1,659 1,679 5,248 4,977
Interest income 217 321 799 961
Total revenues 1,876 2,000 6,047 5,938
Interest expense (42) (73) (136) (221)
Net revenues 1,834 1,927 5,911 5,717
Non-interest expenses:        
Compensation, commissions and benefits 1,277 1,277 4,050 3,767
Non-compensation expenses:        
Communications and information processing 100 92 293 278
Occupancy and equipment 55 55 168 159
Business development 21 57 106 141
Investment sub-advisory fees 23 24 75 70
Professional fees 24 22 68 61
Provision/(benefit) for loan losses 81 (5) 188 16
Acquisition and disposition-related expenses 0 0 0 15
Other 55 63 167 189
Total non-compensation expenses 359 308 1,065 929
Total non-interest expenses 1,636 1,585 5,115 4,696
Pre-tax income 198 342 796 1,021
Provision for income taxes 26 83 187 252
Net income $ 172 $ 259 $ 609 $ 769
Earnings per common share – basic (in dollars per share) $ 1.25 $ 1.84 $ 4.41 $ 5.42
Earnings per common share – diluted (in dollars per share) $ 1.23 $ 1.80 $ 4.33 $ 5.30
Weighted-average common shares outstanding – basic (in shares) 137.1 140.4 137.9 141.8
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 139.4 143.6 140.5 144.8
Other comprehensive (loss) income, net of tax:        
Available-for-sale securities $ 5 $ 24 $ 67 $ 65
Currency translations, net of the impact of net investment hedges 11 6 (6) 1
Cash flow hedges (4) (19) (37) (49)
Total other comprehensive income, net of tax 12 11 24 17
Total comprehensive income 184 270 633 786
Asset management and related administrative fees        
Revenues:        
Revenue from contract with customer 867 879 2,828 2,527
Total brokerage revenues        
Revenues:        
Noninterest Income 486 451 1,461 1,357
Securities commissions        
Revenues:        
Revenue from contract with customer 343 358 1,116 1,095
Account and service fees        
Revenues:        
Revenue from contract with customer 134 183 484 559
Investment banking        
Revenues:        
Revenue from contract with customer 139 139 428 439
Other        
Revenues:        
Noninterest Income $ 33 $ 27 $ 47 $ 95