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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Revenues:      
Principal transactions $ 492 $ 462 $ 527
Interest income 4,232 3,748 1,508
Total revenues 14,923 12,992 11,308
Interest expense (2,102) (1,373) (305)
Net revenues 12,821 11,619 11,003
Non-interest expenses:      
Compensation, commissions and benefits 8,213 7,299 7,329
Non-compensation expenses:      
Communications and information processing 662 599 506
Occupancy and equipment 296 271 252
Business development 257 242 186
Investment sub-advisory fees 182 151 152
Professional fees 150 145 131
Bank loan provision for credit losses 45 132 100
Other 373 500 325
Total non-compensation expenses 1,965 2,040 1,652
Total non-interest expenses 10,178 9,339 8,981
Pre-tax income 2,643 2,280 2,022
Provision for income taxes 575 541 513
Net income 2,068 1,739 1,509
Preferred stock dividends 5 6 4
Net income available to common shareholders, basic 2,063 1,733 1,505
Net income available to common shareholders, diluted $ 2,063 $ 1,733 $ 1,505
Earnings per common share – basic (in usd per share) $ 9.94 $ 8.16 $ 7.16
Earnings per common share – diluted (in usd per share) $ 9.70 $ 7.97 $ 6.98
Weighted-average common shares outstanding - basic (in shares) 207.1 211.8 209.9
Weighted-average common and common equivalents shares outstanding - diluted (in shares) 212.3 216.9 215.3
Net income $ 2,068 $ 1,739 $ 1,509
Other comprehensive income/(loss), net of tax:      
Available-for-sale securities 457 (40) (897)
Currency translations, net of the impact of net investment hedges 49 50 (114)
Cash flow hedges (37) 1 70
Total other comprehensive income/(loss), net of tax 469 11 (941)
Total comprehensive income 2,537 1,750 568
Asset management and related administrative fees      
Revenues:      
Revenue from contract with customer 6,196 5,363 5,563
Total brokerage revenues      
Revenues:      
Total brokerage revenues 2,143 1,921 2,116
Securities commissions      
Revenues:      
Revenue from contract with customer 1,651 1,459 1,589
Account and service fees      
Revenues:      
Revenue from contract with customer 1,314 1,125 833
Investment banking      
Revenues:      
Revenue from contract with customer 858 648 1,100
Other      
Revenues:      
Revenue from contract with customer $ 180 $ 187 $ 188