SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We currently operate through the following five segments: PCG; Capital Markets; Asset Management; Bank; and Other.

The segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources. For a further discussion of our segments, see Note 26 of our 2023 Form 10-K.

The following table presents information concerning operations in these segments.

	Three months ended December 31,
$ in millions	2023		2022
Net revenues:
Private Client Group	$	2,226	$	2,063
Capital Markets	338		295
Asset Management	235		207
Bank	441		508
Other	26		9
Intersegment eliminations	(253)		(296)
Total net revenues	$	3,013	$	2,786
Pre-tax income/(loss):
Private Client Group	$	439	$	434
Capital Markets	3		(16)
Asset Management	93		80
Bank	92		136
Other	3		18
Total pre-tax income	$	630	$	652

No individual client accounted for more than ten percent of revenues in any of the periods presented.

The following table presents our net interest income on a segment basis.

	Three months ended December 31,
$ in millions	2023		2022
Net interest income:
Private Client Group	$	92	$	87
Capital Markets	1		—
Asset Management	3		2
Bank	426		491
Other	24		6
Net interest income	$	546	$	586

The following table presents our total assets on a segment basis.

$ in millions	December 31, 2023		September 30, 2023
Total assets:
Private Client Group	$	12,744	$	12,375
Capital Markets	2,732		3,087
Asset Management	569		567
Bank	61,517		60,041
Other	2,568		2,290
Total	$	80,130	$	78,360

The following table presents goodwill, which was included in our total assets, on a segment basis.

$ in millions	December 31, 2023		September 30, 2023
Goodwill:
Private Client Group	$	571	$	564
Capital Markets	275		275
Asset Management	69		69
Bank	529		529
Total	$	1,444	$	1,437

We have operations in the U.S., Canada, and Europe. The vast majority of our long-lived assets are located in the U.S.  The following table presents our net revenues and pre-tax income/(loss) classified by major geographic area in which they were earned.

	Three months ended December 31,
$ in millions	2023		2022
Net revenues:
U.S.	$	2,761	$	2,540
Canada	139		134
Europe	113		112
Total	$	3,013	$	2,786
Pre-tax income/(loss):
U.S.	$	605	$	609
Canada	27		31
Europe	(2)		12
Total	$	630	$	652

The following table presents our total assets by major geographic area in which they were held.

$ in millions	December 31, 2023		September 30, 2023
Total assets:
U.S.	$	74,319	$	72,506
Canada	3,382		3,404
Europe	2,429		2,450
Total	$	80,130	$	78,360

The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held.

$ in millions	December 31, 2023		September 30, 2023
Goodwill:
U.S.	$	1,250	$	1,250
Canada	25		25
Europe	169		162
Total	$	1,444	$	1,437