XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Principal transactions $ 133 $ 147
Interest income 225 203
Total revenues 2,818 2,260
Interest expense (37) (38)
Net revenues 2,781 2,222
Non-interest expenses:    
Compensation, commissions and benefits 1,884 1,500
Non-compensation expenses:    
Communications and information processing 112 99
Occupancy and equipment 59 57
Business development 35 23
Investment sub-advisory fees 38 28
Professional fees 26 30
Bank loan provision/(benefit) for credit losses (11) 14
Acquisition-related expenses 6 2
Other 74 70
Total non-compensation expenses 339 323
Total non-interest expenses 2,223 1,823
Pre-tax income 558 399
Provision for income taxes 112 87
Net income $ 446 $ 312
Earnings per common share – basic (in dollars per share) $ 2.16 $ 1.52
Earnings per common share – diluted (in dollars per share) $ 2.10 $ 1.48
Weighted-average common shares outstanding – basic (in shares) 206.3 205.2
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 212.4 209.6
Net income $ 446 $ 312
Other comprehensive (loss) income, net of tax:    
Available-for-sale securities (55) (17)
Currency translations, net of the impact of net investment hedges 0 18
Cash flow hedges 9 5
Total other comprehensive income/(loss), net of tax (46) 6
Total comprehensive income 400 318
Asset management and related administrative fees    
Revenues:    
Revenue from contract with customer 1,382 1,067
Total brokerage revenues    
Revenues:    
Total brokerage revenues 558 528
Securities commissions    
Revenues:    
Revenue from contract with customer 425 381
Account and service fees    
Revenues:    
Revenue from contract with customer 177 145
Investment banking    
Revenues:    
Revenue from contract with customer 425 261
Other    
Revenues:    
Revenue from contract with customer $ 51 $ 56