REVENUES (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2020
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	715	$	1	$	157	$	—	$	(6)	$	867
Brokerage revenues:
Securities commissions:
Mutual and other fund products	131		2		2		—		(1)		134
Insurance and annuity products	88		—		—		—		—		88
Equities, ETFs and fixed income products	84		37		—		—		—		121
Subtotal securities commissions	303		39		2		—		(1)		343
Principal transactions ⁽¹⁾	16		127		—		—		—		143
Total brokerage revenues	319		166		2		—		(1)		486
Account and services fees:
Mutual fund and annuity service fees	82		—		1		—		—		83
RJBDP fees	63		1		—		—		(44)		20


Client account and other fees	32		1		2		—		(4)		31
Total account and service fees	177		2		3		—		(48)		134
Investment banking:
Merger & acquisition and advisory	—		60		—		—		—		60
Equity underwriting	7		35		—		—		—		42
Debt underwriting	—		37		—		—		—		37
Total investment banking	7		132		—		—		—		139
Other:
Tax credit fund revenues	—		20		—		—		—		20
All other ⁽¹⁾	4		—		1		9		(1)		13
Total other	4		20		1		9		(1)		33
Total non-interest revenues	1,222		321		163		9		(56)		1,659
Interest income ⁽¹⁾	31		4		—		181		1		217
Total revenues	1,253		325		163		190		(55)		1,876
Interest expense	(4)		(2)		—		(12)		(24)		(42)
Net revenues	$	1,249	$	323	$	163	$	178	$	(79)	$	1,834

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


	Three months ended June 30, 2019
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	718	$	2	$	165	$	—	$	(6)	$	879
Brokerage revenues:
Securities commissions:
Mutual and other fund products	147		1		2		—		—		150
Insurance and annuity products	105		—		—		—		—		105
Equities, ETFs and fixed income products	74		29		—		—		—		103
Subtotal securities commissions	326		30		2		—		—		358
Principal transactions ⁽¹⁾	20		74		—		—		(1)		93
Total brokerage revenues	346		104		2		—		(1)		451
Account and services fees:
Mutual fund and annuity service fees	85		—		—		—		(1)		84
RJBDP fees	111		—		1		—		(46)		66


Client account and other fees	32		1		7		—		(7)		33
Total account and service fees	228		1		8		—		(54)		183
Investment banking:
Merger & acquisition and advisory	—		80		—		—		—		80
Equity underwriting	10		27		—		—		—		37
Debt underwriting	—		22		—		—		—		22
Total investment banking	10		129		—		—		—		139
Other:
Tax credit fund revenues	—		16		—		—		—		16
All other ⁽¹⁾	3		(1)		1		7		1		11
Total other	3		15		1		7		1		27
Total non-interest revenues	1,305		251		176		7		(60)		1,679
Interest income ⁽¹⁾	56		10		1		246		8		321
Total revenues	1,361		261		177		253		(52)		2,000
Interest expense	(10)		(10)		—		(38)		(15)		(73)
Net revenues	$	1,351	$	251	$	177	$	215	$	(67)	$	1,927

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


	Nine Months Ended June 30, 2020
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	2,330	$	4	$	510	$	—	$	(16)	$	2,828
Brokerage revenues:
Securities commissions:
Mutual and other fund products	438		6		6		—		(2)		448
Insurance and annuity products	288		—		—		—		—		288
Equities, ETFs and fixed income products	274		107		—		—		(1)		380
Subtotal securities commissions	1,000		113		6		—		(3)		1,116
Principal transactions ⁽¹⁾	50		298		—		—		(3)		345
Total brokerage revenues	1,050		411		6		—		(6)		1,461
Account and services fees:
Mutual fund and annuity service fees	260		—		2		—		(1)		261
RJBDP fees	267		1		—		—		(139)		129


Client account and other fees	96		4		10		—		(16)		94
Total account and service fees	623		5		12		—		(156)		484
Investment banking:
Merger & acquisition and advisory	—		192		—		—		—		192
Equity underwriting	29		117		—		—		—		146
Debt underwriting	—		90		—		—		—		90
Total investment banking	29		399		—		—		—		428
Other:
Tax credit fund revenues	—		50		—		—		—		50
All other ⁽¹⁾	20		4		2		20		(49)		(3)
Total other	20		54		2		20		(49)		47
Total non-interest revenues	4,052		873		530		20		(227)		5,248
Interest income ⁽¹⁾	125		22		1		635		16		799
Total revenues	4,177		895		531		655		(211)		6,047
Interest expense	(19)		(14)		—		(51)		(52)		(136)
Net revenues	$	4,158	$	881	$	531	$	604	$	(263)	$	5,911

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


	Nine Months Ended June 30, 2019
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	2,063	$	5	$	475	$	—	$	(16)	$	2,527
Brokerage revenues:
Securities commissions:
Mutual and other fund products	449		4		7		—		(2)		458
Insurance and annuity products	308		—		—		—		—		308
Equities, ETFs and fixed income products	232		99		—		—		(2)		329
Subtotal securities commissions	989		103		7		—		(4)		1,095
Principal transactions ⁽¹⁾	59		203		—		1		(1)		262
Total brokerage revenues	1,048		306		7		1		(5)		1,357
Account and services fees:
Mutual fund and annuity service fees	250		—		2		—		(9)		243
RJBDP fees	342		—		3		—		(131)		214


Client account and other fees	92		3		22		—		(15)		102
Total account and service fees	684		3		27		—		(155)		559
Investment banking:
Merger & acquisition and advisory	—		286		—		—		—		286
Equity underwriting	25		72		—		—		—		97
Debt underwriting	—		56		—		—		—		56
Total investment banking	25		414		—		—		—		439
Other:
Tax credit fund revenues	—		49		—		—		—		49
All other ⁽¹⁾	19		1		1		19		6		46
Total other	19		50		1		19		6		95
Total non-interest revenues	3,839		778		510		20		(170)		4,977
Interest income ⁽¹⁾	170		29		3		732		27		961
Total revenues	4,009		807		513		752		(143)		5,938
Interest expense	(31)		(26)		—		(122)		(42)		(221)
Net revenues	$	3,978	$	781	$	513	$	630	$	(185)	$	5,717

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