XML 78 R60.htm IDEA: XBRL DOCUMENT v3.21.2
SEGMENT INFORMATION (Tables)
 12 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following table presents information concerning operations in these segments.
Year ended September 30,
$ in millions202120202019
Net revenues:
Private Client Group
$6,611 $5,552 $5,359 
Capital Markets
1,885 1,291 1,083 
Asset Management
867 715 691 
Raymond James Bank672 765 846 
Other
(8)(82)5 
Intersegment eliminations
(267)(251)(244)
Total net revenues$9,760 $7,990 $7,740 
Pre-tax income/(loss):
Private Client Group
$749 $539 $579 
Capital Markets532 225 110 
Asset Management
389 284 253 
Raymond James Bank367 196 515 
Other(246)(192)(82)
Total pre-tax income
$1,791 $1,052 $1,375 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents information concerning operations in these segments.
Year ended September 30,
$ in millions202120202019
Net revenues:
Private Client Group
$6,611 $5,552 $5,359 
Capital Markets
1,885 1,291 1,083 
Asset Management
867 715 691 
Raymond James Bank672 765 846 
Other
(8)(82)5 
Intersegment eliminations
(267)(251)(244)
Total net revenues$9,760 $7,990 $7,740 
Pre-tax income/(loss):
Private Client Group
$749 $539 $579 
Capital Markets532 225 110 
Asset Management
389 284 253 
Raymond James Bank367 196 515 
Other(246)(192)(82)
Total pre-tax income
$1,791 $1,052 $1,375 
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following table presents our net interest income on a segment basis.
Year ended September 30,
$ in millions202120202019
Net interest income/(expense):
Private Client Group
$113 $132 $183 
Capital Markets
6 9 4 
Asset Management
— 1 3 
Raymond James Bank642 738 820 
Other(88)(58)(12)
Net interest income$673 $822 $998 
The following table presents goodwill, which was included in our total assets, on a segment basis.
September 30,
$ in millions20212020
Goodwill: 
Private Client Group (1)
$417 $277 
Capital Markets (2)
174 120 
Asset Management69 69 
Total$660 $466 
The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held.
September 30,
$ in millions20212020
Goodwill: 
U.S. (1)
$619 $433 
Canada25 24 
Europe (2)
16 9 
Total$660 $466 

(1) The September 30, 2021 balance includes $139 million of goodwill arising from our acquisition of NWPS in December 2020, $30 million of goodwill arising from our acquisition of Financo in March 2021 and a provisional estimate of $17 million of goodwill arising from our acquisition of Cebile in September 2021.
(2) The September 30, 2021 balance includes a provisional estimate of $7 million of goodwill arising from our acquisition of Cebile in September 2021.
Reconciliation of Assets from Segment to Consolidated
The following table presents our total assets on a segment basis.
September 30,
$ in millions20212020
Total assets:
Private Client Group
$20,270 $12,574 
Capital Markets
2,457 2,336 
Asset Management
476 380 
Raymond James Bank36,154 30,356 
Other2,534 1,836 
Total$61,891 $47,482 
Revenues, Income Before Provision for Income Taxes and Excluding Noncontrolling Interests, and Total Assets, Classified by Major Geographic Areas The following table presents our net revenues and pre-tax income classified by major geographic area in which they were earned.
 Year ended September 30,
$ in millions202120202019
Net revenues:  
U.S.$9,067 $7,446 $7,211 
Canada485 386 391 
Europe208 158 138 
Total$9,760 $7,990 $7,740 
Pre-tax income/(loss):  
U.S.$1,701 $1,028 $1,356 
Canada53 29 29 
Europe (1)
37 (5)(10)
Total$1,791 $1,052 $1,375 

(1)    The pre-tax loss in Europe for the year ended September 30, 2020 reflected a $7 million loss related to the disposition of our interests in certain entities that operated predominantly in France. The pre-tax loss in Europe for the year ended September 30, 2019 reflected a $15 million loss on the sale of our operations related to research, sales and trading of European equities. These losses were recorded in our Capital Markets segment.

The following table presents our total assets by major geographic area in which they were held.
September 30,
$ in millions20212020
Total assets: 
U.S.$57,952 $44,090 
Canada3,724 3,260 
Europe215 132 
Total$61,891 $47,482