REVENUES (Tables)

12 Months Ended

Sep. 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. See Note 26 for additional information on our segment results.

	Year ended September 30, 2022
$ in millions	Private Client Group		Capital Markets		Asset Management		Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	4,710	$	3	$	882	$	—	$	(32)	$	5,563
Brokerage revenues:
Securities commissions:
Mutual and other fund products	620		6		7		—		(2)		631
Insurance and annuity products	438		—		—		—		—		438
Equities, ETFs and fixed income products	382		138		—		—		—		520
Subtotal securities commissions	1,440		144		7		—		(2)		1,589
Principal transactions (1)	76		446		—		5		—		527
Total brokerage revenues	1,516		590		7		5		(2)		2,116
Account and service fees:
Mutual fund and annuity service fees	428		—		1		—		(2)		427
RJBDP fees	559		1		—		—		(358)		202
Client account and other fees	220		7		21		—		(44)		204
Total account and service fees	1,207		8		22		—		(404)		833
Investment banking:
Merger & acquisition and advisory	—		709		—		—		—		709
Equity underwriting	38		210		—		—		—		248
Debt underwriting	—		143		—		—		—		143
Total investment banking	38		1,062		—		—		—		1,100
Other:
Affordable housing investments business revenues	—		127		—		—		—		127
All other (1)	32		10		1		26		(8)		61
Total other	32		137		1		26		(8)		188
Total non-interest revenues	7,503		1,800		912		31		(446)		9,800
Interest income (1)	249		36		2		1,209		12		1,508
Total revenues	7,752		1,836		914		1,240		(434)		11,308
Interest expense	(42)		(27)		—		(156)		(80)		(305)
Net revenues	$	7,710	$	1,809	$	914	$	1,084	$	(514)	$	11,003

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

	Year ended September 30, 2021
$ in millions	Private Client Group		Capital Markets		Asset Management		Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	4,056	$	4	$	837	$	—	$	(29)	$	4,868
Brokerage revenues:
Securities commissions:
Mutual and other fund products	670		6		10		—		(3)		683
Insurance and annuity products	438		—		—		—		—		438
Equities, ETFs and fixed income products	388		143		—		—		(1)		530
Subtotal securities commissions	1,496		149		10		—		(4)		1,651
Principal transactions (1)	50		511		—		—		—		561
Total brokerage revenues	1,546		660		10		—		(4)		2,212
Account and service fees:
Mutual fund and annuity service fees	408		—		—		—		(2)		406
RJBDP fees	259		1		—		—		(184)		76
Client account and other fees	157		7		18		—		(29)		153
Total account and service fees	824		8		18		—		(215)		635
Investment banking:
Merger & acquisition and advisory	—		639		—		—		—		639
Equity underwriting	47		285		—		—		—		332
Debt underwriting	—		172		—		—		—		172
Total investment banking	47		1,096		—		—		—		1,143
Other:
Affordable housing investments business revenues	—		105		—		—		—		105
All other (1)	25		6		2		30		61		124
Total other	25		111		2		30		61		229
Total non-interest revenues	6,498		1,879		867		30		(187)		9,087
Interest income (1)	123		16		—		684		—		823
Total revenues	6,621		1,895		867		714		(187)		9,910
Interest expense	(10)		(10)		—		(42)		(88)		(150)
Net revenues	$	6,611	$	1,885	$	867	$	672	$	(275)	$	9,760

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

	Year ended September 30, 2020
$ in millions	Private Client Group		Capital Markets		Asset Management		Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	3,162	$	7	$	688	$	—	$	(23)	$	3,834
Brokerage revenues:
Securities commissions:
Mutual and other fund products	567		7		8		—		(3)		579
Insurance and annuity products	397		—		—		—		—		397
Equities, ETFs and fixed income products	355		137		—		—		—		492
Subtotal securities commissions	1,319		144		8		—		(3)		1,468
Principal transactions (1)	64		427		—		1		(4)		488
Total brokerage revenues	1,383		571		8		1		(7)		1,956
Account and service fees:
Mutual fund and annuity service fees	348		—		1		—		(1)		348
RJBDP fees	330		1		—		—		(181)		150
Client account and other fees	129		5		15		—		(23)		126
Total account and service fees	807		6		16		—		(205)		624
Investment banking:
Merger & acquisition and advisory	—		290		—		—		—		290
Equity underwriting	41		185		—		—		1		227
Debt underwriting	—		133		—		—		—		133
Total investment banking	41		608		—		—		1		650
Other:
Affordable housing investments business revenues	—		83		—		—		—		83
All other (1)	27		7		2		26		(41)		21
Total other	27		90		2		26		(41)		104
Total non-interest revenues	5,420		1,282		714		27		(275)		7,168
Interest income (1)	155		25		1		800		19		1,000
Total revenues	5,575		1,307		715		827		(256)		8,168
Interest expense	(23)		(16)		—		(62)		(77)		(178)
Net revenues	$	5,552	$	1,291	$	715	$	765	$	(333)	$	7,990

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