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Revenues from Contracts with Customers (Tables)
12 Months Ended
Nov. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Year Ended November 30,
$ in thousands
2024
2023
2022
Revenues from contracts with
customers:
Investment banking .........................
$3,302,664
$2,169,366
$2,807,822
Commissions and other fees ........
1,085,349
905,665
925,494
Asset management fees ................
50,700
33,867
23,525
Manufacturing revenues ................
412,605
Oil and gas revenues .......................
1,119
26,284
302,135
Real estate revenues .......................
119,050
44,825
223,323
Internet connection and
broadband revenues ..................
240,874
Other contracts with customers ....
58,269
53,201
47,954
Total revenue from contracts
with customers ................................
4,858,025
3,233,208
4,742,858
Other sources of revenue:
Principal transactions .....................
1,816,963
1,413,283
833,757
Revenues from strategic affiliates
41,802
48,707
56,739
Interest ..............................................
3,543,497
2,868,674
1,183,638
Other ..................................................
254,782
(122,473)
332,271
Total revenues .................................
$10,515,069
$7,441,399
$7,149,263
Year Ended November 30, 2024
$ in thousands
Investment
Banking and
Capital Markets
Asset
Management
Total
Major business activity:
Investment banking - Advisory ................
$1,811,633
$
$1,811,633
Investment banking - Underwriting .........
1,491,030
1,491,030
Equities (1) .................................................
1,074,666
1,074,666
Fixed income (1) ........................................
8,859
8,859
Asset management ...................................
50,700
50,700
Other investments .....................................
421,137
421,137
Total ............................................................
$4,386,188
$471,837
$4,858,025
Primary geographic region:
Americas .....................................................
$3,196,908
$223,057
$3,419,965
Europe and the Middle East .....................
812,052
245,299
1,057,351
Asia-Pacific ................................................
377,228
3,481
380,709
Total ............................................................
$4,386,188
$471,837
$4,858,025
(1)Revenues from contracts with customers associated with the equities and
fixed income businesses primarily represent commissions and other fee
revenue.
Year Ended November 30, 2023
$ in thousands
Investment
Banking and
Capital Markets
Asset
Management
Total
Major business activity:
Investment banking - Advisory ................
$1,198,915
$
$1,198,915
Investment banking - Underwriting .........
970,451
970,451
Equities (1) .................................................
894,602
894,602
Fixed income (1) ........................................
10,577
10,577
Asset management ...................................
33,867
33,867
Other investments .....................................
124,796
124,796
Total ............................................................
$3,074,545
$158,663
$3,233,208
Primary geographic region:
Americas .....................................................
$2,349,161
$153,286
$2,502,447
Europe and the Middle East .....................
485,432
2,646
488,078
Asia-Pacific ................................................
239,952
2,731
242,683
Total ............................................................
$3,074,545
$158,663
$3,233,208
(1)Revenues from contracts with customers associated with the equities and
fixed income businesses primarily represent commissions and other fee
revenue.
Year Ended November 30, 2022
$ in thousands
Investment
Banking and
Capital Markets
Asset
Management
Total
Major business activity:
Investment banking - Advisory ................
$1,778,003
$
$1,778,003
Investment banking - Underwriting .........
1,029,819
1,029,819
Equities (1) .................................................
910,254
910,254
Fixed income (1) ........................................
15,240
15,240
Asset management ...................................
23,525
23,525
Other investments .....................................
986,017
986,017
Total ............................................................
$3,733,316
$1,009,542
$4,742,858
Primary geographic region:
Americas .....................................................
$2,910,318
$1,005,200
$3,915,518
Europe and the Middle East .....................
575,012
2,595
577,607
Asia-Pacific ................................................
247,986
1,747
249,733
Total ............................................................
$3,733,316
$1,009,542
$4,742,858
(1)Revenues from contracts with customers associated with the equities and
fixed income businesses primarily represent commissions and other fee
revenue.