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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Principal transactions $ 132 $ 133
Interest income 827 225
Total revenues 3,027 2,818
Interest expense (241) (37)
Net revenues 2,786 2,781
Non-interest expenses:    
Compensation, commissions and benefits 1,736 1,884
Non-compensation expenses:    
Communications and information processing 139 112
Occupancy and equipment 66 59
Business development 56 35
Investment sub-advisory fees 34 38
Professional fees 32 28
Bank loan provision/(benefit) for credit losses 14 (11)
Other 57 78
Total non-compensation expenses 398 339
Total non-interest expenses 2,134 2,223
Pre-tax income 652 558
Provision for income taxes 143 112
Net income 509 446
Preferred stock dividends 2 0
Net income available to common shareholders, basic 507 446
Net income available to common shareholders, diluted $ 507 $ 446
Earnings per common share – basic (in dollars per share) $ 2.36 $ 2.16
Earnings per common share – diluted (in dollars per share) $ 2.30 $ 2.10
Weighted-average common shares outstanding – basic (in shares) 214.7 206.3
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 220.4 212.4
Net income $ 509 $ 446
Other comprehensive (loss) income, net of tax:    
Available-for-sale securities 47 (55)
Currency translations, net of the impact of net investment hedges 46 0
Cash flow hedges (2) 9
Total other comprehensive income/(loss), net of tax 91 (46)
Total comprehensive income 600 400
Asset management and related administrative fees    
Revenues:    
Revenue from contract with customer 1,242 1,382
Total brokerage revenues    
Revenues:    
Total brokerage revenues 484 558
Securities commissions    
Revenues:    
Revenue from contract with customer 352 425
Account and service fees    
Revenues:    
Revenue from contract with customer 289 177
Investment banking    
Revenues:    
Revenue from contract with customer 141 425
Other    
Revenues:    
Revenue from contract with customer $ 44 $ 51