XML 25 R5.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Revenues      
Revenues $ 10,515,069 $ 7,441,399 $ 7,149,263
Interest expense 3,480,266 2,740,982 1,170,425
Net revenues 7,034,803 4,700,417 5,978,838
Non-interest expenses      
Compensation and benefits 3,659,588 2,535,272 2,589,044
Brokerage and clearing fees 432,721 366,702 347,805
Underwriting costs 68,492 61,082 42,067
Technology and communications 546,655 477,028 444,011
Occupancy and equipment rental 118,611 106,051 108,001
Business development 283,459 177,541 150,500
Professional services 296,204 266,447 240,978
Depreciation and amortization 190,326 112,201 172,902
Cost of sales 206,283 29,435 440,837
Other expenses 226,918 214,389 387,131
Total non-interest expenses 6,029,257 4,346,148 4,923,276
Earnings from continuing operations before income taxes 1,005,546 354,269 1,055,562
Income tax expense 293,194 91,881 273,852
Net earnings from continuing operations 712,352 262,388 781,710
Net earnings from discontinued operations (including gain on disposal of $3,493, $—, $—), net of income tax benefit of $17,063, $—, and $— 3,667 0 0
Net earnings 716,019 262,388 781,710
Net losses attributable to noncontrolling interests (27,364) (14,846) (2,397)
Net losses attributable to redeemable noncontrolling interests 0 (454) (1,342)
Preferred stock dividends 74,110 14,616 8,281
Net earnings attributable to common shareholders $ 669,273 $ 263,072 $ 777,168
Earnings per common share      
Basic from continuing operations (in USD per share) $ 3.05 $ 1.12 $ 3.13
Diluted from continuing operations (in USD per share) 2.96 1.10 3.06
Basic (in USD per share) 3.08 1.12 3.13
Diluted (in USD per share) $ 2.99 $ 1.10 $ 3.06
Weighted-average common shares outstanding      
Basic (in shares) 217,079 232,609 247,378
Diluted (in shares) 223,650 236,620 255,571
Investment banking      
Revenues      
Revenues $ 3,309,060 $ 2,169,366 $ 2,807,822
Principal transactions      
Revenues      
Revenues 1,816,963 1,413,283 833,757
Commissions and other fees      
Revenues      
Revenues 1,085,349 905,665 925,494
Asset management fees and revenues      
Revenues      
Revenues 86,106 82,574 80,264
Interest      
Revenues      
Revenues 3,543,497 2,868,674 1,183,638
Other      
Revenues      
Revenues $ 674,094 $ 1,837 $ 1,318,288