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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues:    
Principal transactions $ 126 $ 119
Interest income 1,007 1,027
Total revenues 4,176 4,035
Interest expense (441) (498)
Net revenues 3,735 3,537
Non-interest expenses:    
Compensation, commissions and benefits 2,450 2,272
Non-compensation expenses:    
Communications and information processing 194 178
Occupancy and equipment 80 73
Business development 81 68
Investment sub-advisory fees 63 53
Professional fees 37 34
Bank loan benefit for credit losses (3) 0
Other 105 110
Total non-compensation expenses 557 516
Total non-interest expenses 3,007 2,788
Total pre-tax income 728 749
Provision for income taxes 165 149
Net income 563 600
Preferred stock dividends 1 1
Net income available to common shareholders, basic 562 599
Net income available to common shareholders, diluted $ 562 $ 599
Earnings per common share – basic (in usd per share) $ 2.85 $ 2.94
Earnings per common share – diluted (in usd per share) $ 2.79 $ 2.86
Weighted-average common shares outstanding – basic (in shares) 197.1 203.7
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 201.4 209.2
Net income $ 563 $ 600
Other comprehensive income/(loss), net of tax:    
Available-for-sale securities 43 (106)
Currency translations, net of the impact of net investment hedges 7 (53)
Cash flow hedges (2) 6
Total other comprehensive income/(loss), net of tax 48 (153)
Total comprehensive income 611 447
Asset management and related administrative fees    
Revenues:    
Revenue from contract with customer 1,999 1,743
Total brokerage revenues    
Revenues:    
Total brokerage revenues 612 559
Securities commissions    
Revenues:    
Revenue from contract with customer 486 440
Account and service fees    
Revenues:    
Revenue from contract with customer 308 342
Investment banking    
Revenues:    
Revenue from contract with customer 208 325
Other    
Revenues:    
Revenue from contract with customer $ 42 $ 39