Segment Reporting (Tables)

3 Months Ended

Feb. 28, 2025


	Three Months Ended
$ in millions	February 28, 2025	February 29, 2024
Investment Banking and Capital Markets:
Net revenues	$1,399.0	$1,451.3
Non-interest expenses	1,232.0	1,296.3
Earnings from continuing operations before income taxes	167.0	155.0
Asset Management:
Net revenues	191.7	273.4
Non-interest expenses	209.9	221.7
Earnings from continuing operations before income taxes	(18.2)	51.7
Total of Reportable Business Segments:
Net revenues	1,590.7	1,724.7
Non-interest expenses	1,441.9	1,518.0
Earnings from continuing operations before income taxes	148.8	206.7
Reconciliation to consolidated amounts:
Net revenues	2.3	13.5
Non-interest expenses	—	—
Earnings from continuing operations before income taxes (1)	2.3	13.5
Total:
Net revenues	1,593.0	1,738.2
Non-interest expenses	1,441.9	1,518.0
Earnings from continuing operations before income taxes	$151.1	$220.2

(1)Management does not consider debt valuation adjustments on derivative

contracts, gains and losses on investments held in deferred compensation

plans, foreign currency transaction gains or losses or certain other corporate

income and expense items in assessing the financial performance of

operating businesses. Collectively, these items are included in the

reconciliation of reportable business segment amounts to consolidated

amounts.


$ in millions	February 28, 2025	November 30, 2024
Investment Banking and Capital Markets .................	$64,896.6	$59,142.9
Asset Management ......................................................	5,322.3	5,217.4
Total assets ..................................................................	$70,218.9	$64,360.3

(1)Primarily relates to U.S. results.

(2)Primarily relates to U.K. results.