XML 58 R49.htm IDEA: XBRL DOCUMENT v3.22.2
REVENUES (Tables)
 9 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue 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 2021 Form 10-K. See Note 1 and Note 25 of this Form 10-Q for additional information on our segment determinations and results.
Three months ended June 30, 2022
$ in millionsPrivate Client GroupCapital MarketsAsset ManagementBankOther and intersegment eliminationsTotal
Revenues:
Asset management and related administrative fees$1,214 $— $220 $— $(7)$1,427 
Brokerage revenues:
Securities commissions:
Mutual and other fund products149 1 2 — (1)151 
Insurance and annuity products109 — — — — 109 
Equities, exchange-traded funds (“ETFs”) and fixed income products90 35 — — — 125 
Subtotal securities commissions348 36 2 — (1)385 
Principal transactions (1)
25 103 — — — 128 
Total brokerage revenues373 139 2 — (1)513 
Account and service fees:
Mutual fund and annuity service fees102 — — — — 102 
RJBDP fees135 1 — — (80)56 
Client account and other fees59 1 5 — (12)53 
Total account and service fees296 2 5 — (92)211 
Investment banking:
Merger & acquisition and advisory— 147 — — — 147 
Equity underwriting6 36 — — — 42 
Debt underwriting— 34 — — — 34 
Total investment banking6 217 — — — 223 
Other:
Tax credit fund revenues— 21 — — — 21 
All other (1)
11 1 — 6 (9)9 
Total other11 22 — 6 (9)30 
Total non-interest revenues1,900 380 227 6 (109)2,404 
Interest income (1)
68 6 1 296 3 374 
Total revenues1,968 386 228 302 (106)2,778 
Interest expense(10)(3)— (26)(21)(60)
Net revenues$1,958 $383 $228 $276 $(127)$2,718 

(1)    These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.
Three months ended June 30, 2021
$ in millionsPrivate Client GroupCapital MarketsAsset ManagementBankOther and intersegment eliminationsTotal
Revenues:
Asset management and related administrative fees$1,050 $1 $218 $— $(7)$1,262 
Brokerage revenues:
Securities commissions:
Mutual and other fund products167 2 2 — — 171 
Insurance and annuity products113 — — — — 113 
Equities, ETFs and fixed income products97 33 — — 1 131 
Subtotal securities commissions377 35 2 — 1 415 
Principal transactions (1)
13 125 — — (1)137 
Total brokerage revenues390 160 2 — — 552 
Account and service fees:
Mutual fund and annuity service fees105 — — — (1)104 
RJBDP fees65 — — — (47)18 
Client account and other fees39 1 4 — (5)39 
Total account and service fees209 1 4 — (53)161 
Investment banking:
Merger & acquisition and advisory— 153 — — — 153 
Equity underwriting11 69 — — — 80 
Debt underwriting— 43 — — — 43 
Total investment banking11 265 — — — 276 
Other:
Tax credit fund revenues— 17 — — — 17 
All other (1)
7 1 1 8 21 38 
Total other7 18 1 8 21 55 
Total non-interest revenues1,667 445 225 8 (39)2,306 
Interest income (1)
31 4 — 172 (2)205 
Total revenues1,698 449 225 180 (41)2,511 
Interest expense(2)(3)— (11)(24)(40)
Net revenues$1,696 $446 $225 $169 $(65)$2,471 

(1)    These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.
Nine Months Ended June 30, 2022
$ in millionsPrivate Client GroupCapital MarketsAsset ManagementBankOther and intersegment eliminationsTotal
Revenues:
Asset management and related administrative fees$3,621 $2 $673 $— $(23)$4,273 
Brokerage revenues:
Securities commissions:
Mutual and other fund products486 5 6 — (2)495 
Insurance and annuity products330 — — — — 330 
Equities, ETFs and fixed income products299 108 — — — 407 
Subtotal securities commissions1,115 113 6 — (2)1,232 
Principal transactions (1)
52 351 — — — 403 
Total brokerage revenues1,167 464 6 — (2)1,635 
Account and service fees:
Mutual fund and annuity service fees325 — — — (1)324 
RJBDP fees271 1 — — (179)93 
Client account and other fees161 5 17 — (33)150 
Total account and service fees757 6 17 — (213)567 
Investment banking:
Merger & acquisition and advisory— 557 — — — 557 
Equity underwriting28 185 — — — 213 
Debt underwriting— 113 — — — 113 
Total investment banking28 855 — — — 883 
Other:
Tax credit fund revenues— 71 — — — 71 
All other (1)
24 4 1 20 (12)37 
Total other24 75 1 20 (12)108 
Total non-interest revenues5,597 1,402 697 20 (250)7,466 
Interest income (1)
138 16 1 682 4 841 
Total revenues5,735 1,418 698 702 (246)8,307 
Interest expense(16)(8)— (46)(65)(135)
Net revenues$5,719 $1,410 $698 $656 $(311)$8,172 

(1)    These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.
Nine Months Ended June 30, 2021
$ in millionsPrivate Client GroupCapital MarketsAsset ManagementBankOther and intersegment eliminationsTotal
Revenues:
Asset management and related administrative fees$2,914 $3 $607 $— $(22)$3,502 
Brokerage revenues:
Securities commissions:
Mutual and other fund products498 5 7 — (2)508 
Insurance and annuity products320 — — — — 320 
Equities, ETFs and fixed income products300 110 — — 1 411 
Subtotal securities commissions1,118 115 7 — (1)1,239 
Principal transactions (1)
38 394 — 1 (1)432 
Total brokerage revenues1,156 509 7 1 (2)1,671 
Account and service fees:
Mutual fund and annuity service fees298 — — — (1)297 
RJBDP fees192 1 — — (135)58 
Client account and other fees113 5 13 — (21)110 
Total account and service fees603 6 13 — (157)465 
Investment banking:
Merger & acquisition and advisory— 424 — — — 424 
Equity underwriting33 196 — — — 229 
Debt underwriting— 126 — — — 126 
Total investment banking33 746 — — — 779 
Other:
Tax credit fund revenues— 57 — — — 57 
All other (1)
20 5 2 22 49 98 
Total other20 62 2 22 49 155 
Total non-interest revenues4,726 1,326 629 23 (132)6,572 
Interest income (1)
91 12 — 505 — 608 
Total revenues4,817 1,338 629 528 (132)7,180 
Interest expense(7)(7)— (32)(69)(115)
Net revenues$4,810 $1,331 $629 $496 $(201)$7,065 

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