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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Revenues    
Revenues $ 2,472,864 $ 2,551,942
Interest expense 879,845 813,739
Net revenues 1,593,019 1,738,203
Non-interest expenses    
Compensation and benefits 841,127 926,871
Brokerage and clearing fees 109,436 109,670
Underwriting costs 17,846 18,484
Technology and communications 139,475 137,512
Occupancy and equipment rental 30,199 28,153
Business development 72,291 57,651
Professional services 72,466 77,844
Depreciation and amortization 30,988 43,202
Cost of sales 41,568 34,671
Other expenses 86,558 83,903
Total non-interest expenses 1,441,954 1,517,961
Earnings from continuing operations before income taxes 151,065 220,242
Income tax expense 14,216 55,959
Net earnings from continuing operations 136,849 164,283
Net losses from discontinued operations, net of income tax benefit of $3,003 0 (7,891)
Net earnings 136,849 156,392
Net losses attributable to noncontrolling interests (6,983) (7,438)
Preferred stock dividends 16,039 14,189
Net earnings attributable to common shareholders $ 127,793 $ 149,641
Earnings per common share    
Basic from continuing operations (in dollars per share) $ 0.60 $ 0.71
Diluted from continuing operations (in dollars per share) 0.57 0.69
Basic (in dollars per share) 0.60 0.68
Diluted (in dollars per share) $ 0.57 $ 0.66
Weighted-average common shares outstanding    
Basic (in shares) 214,536 220,046
Diluted (in shares) 222,448 225,291
Investment banking    
Revenues    
Revenues $ 729,510 $ 679,065
Principal transactions    
Revenues    
Revenues 407,230 640,736
Commissions and other fees    
Revenues    
Revenues 288,300 245,543
Asset management fees and revenues    
Revenues    
Revenues 85,408 50,372
Interest    
Revenues    
Revenues 845,171 819,489
Other    
Revenues    
Revenues $ 117,245 $ 116,737