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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Principal transactions $ 147 $ 97
Noninterest Income 2,057 1,763
Interest income 203 297
Total revenues 2,260 2,060
Interest expense (38) (51)
Net revenues 2,222 2,009
Non-interest expenses:    
Compensation, commissions and benefits 1,500 1,351
Non-compensation expenses:    
Communications and information processing 99 94
Occupancy and equipment 57 57
Business development 23 44
Investment sub-advisory fees 28 26
Professional fees 30 21
Bank loan provision/(benefit) for credit losses 14 (2)
Acquisition-related expenses 2 0
Other 70 59
Total non-compensation expenses 323 299
Total non-interest expenses 1,823 1,650
Pre-tax income 399 359
Provision for income taxes 87 91
Net income $ 312 $ 268
Earnings per common share – basic (in dollars per share) $ 2.27 $ 1.93
Earnings per common share – diluted (in dollars per share) $ 2.23 $ 1.89
Weighted-average common shares outstanding – basic (in shares) 136.8 138.3
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 139.7 141.5
Other comprehensive (loss) income, net of tax:    
Available-for-sale securities $ (17) $ (1)
Currency translations, net of the impact of net investment hedges 18 9
Cash flow hedges 5 10
Total other comprehensive income, net of tax 6 18
Total comprehensive income 318 286
Asset management and related administrative fees    
Revenues:    
Revenue from contract with customer 1,067 955
Total brokerage revenues    
Revenues:    
Noninterest Income 528 460
Securities commissions    
Revenues:    
Revenue from contract with customer 381 363
Account and service fees    
Revenues:    
Revenue from contract with customer 145 178
Investment banking    
Revenues:    
Revenue from contract with customer 261 141
Other    
Revenues:    
Noninterest Income $ 56 $ 29