XML 23 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Revenues:      
Principal transactions $ 527 $ 561 $ 488
Interest income 1,508 823 1,000
Total revenues 11,308 9,910 8,168
Interest expense (305) (150) (178)
Net revenues 11,003 9,760 7,990
Non-interest expenses:      
Compensation, commissions and benefits 7,329 6,584 5,465
Non-compensation expenses:      
Communications and information processing 506 429 393
Occupancy and equipment 252 232 225
Business development 186 111 134
Investment sub-advisory fees 152 130 101
Professional fees 131 122 91
Bank loan provision/(benefit) for credit losses 100 (32) 233
Losses on extinguishment of debt 0 98 0
Reduction in workforce expenses 0 0 46
Other 325 295 250
Total non-compensation expenses 1,652 1,385 1,473
Total non-interest expenses 8,981 7,969 6,938
Pre-tax income 2,022 1,791 1,052
Provision for income taxes 513 388 234
Net income 1,509 1,403 818
Preferred stock dividends 4 0 0
Net income available to common shareholders, basic 1,505 1,403 818
Net income available to common shareholders, diluted $ 1,505 $ 1,403 $ 818
Earnings per common share – basic (in usd per share) $ 7.16 $ 6.81 $ 3.96
Earnings per common share – diluted (in usd per share) $ 6.98 $ 6.63 $ 3.88
Weighted-average common shares outstanding - basic (in shares) 209.9 205.7 206.4
Weighted-average common and common equivalents shares outstanding - diluted (in shares) 215.3 211.2 210.3
Net income $ 1,509 $ 1,403 $ 818
Other comprehensive income/(loss), net of tax:      
Available-for-sale securities (897) (94) 68
Currency translations, net of the impact of net investment hedges (114) 16 0
Cash flow hedges 70 26 (34)
Total other comprehensive income/(loss), net of tax (941) (52) 34
Total comprehensive income 568 1,351 852
Asset management and related administrative fees      
Revenues:      
Revenue from contract with customer 5,563 4,868 3,834
Total brokerage revenues      
Revenues:      
Total brokerage revenues 2,116 2,212 1,956
Securities commissions      
Revenues:      
Revenue from contract with customer 1,589 1,651 1,468
Account and service fees      
Revenues:      
Revenue from contract with customer 833 635 624
Investment banking      
Revenues:      
Revenue from contract with customer 1,100 1,143 650
Other      
Revenues:      
Revenue from contract with customer $ 188 $ 229 $ 104