v3.26.1
REVENUES (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Sep. 30, 2025
Disaggregation of Revenue [Line Items]          
Principal transactions $ 136 $ 149 $ 262 $ 268  
All other 25 20 36 30  
Non-interest revenues 3,302 2,882 6,471 5,890  
Total non-interest revenues 3,302 2,882 6,471 5,890  
Interest income 960 963 1,967 1,990  
Total revenues 4,262 3,845 8,438 7,880  
Interest expense (403) (442) (844) (940)  
Net revenues 3,859 3,403 7,594 6,940  
Receivables related to contracts with customers 536   536   $ 532
Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 2,016 1,725 4,015 3,468  
Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 507 431 993 871  
Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 178 155 345 309  
Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 132 117 264 235  
Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 197 159 384 327  
Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues 643 580 1,255 1,139  
Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 311 321 619 663  
Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 155 132 301 262  
RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 93 130 194 274  
Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 63 59 124 127  
Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 279 216 487 541  
Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 139 129 258 355  
Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 63 40 102 83  
Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 77 47 127 103  
Total other          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 53 40 95 79  
Non-interest revenues 53 40 95 79  
Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 28 20 59 49  
Operating segments | Private Client Group          
Disaggregation of Revenue [Line Items]          
Principal transactions 29 27 59 57  
All other 8 6 12 11  
Non-interest revenues 2,720 2,400 5,397 4,849  
Total non-interest revenues 2,720 2,400 5,397 4,849  
Interest income 107 110 221 236  
Total revenues 2,827 2,510 5,618 5,085  
Interest expense (17) (24) (40) (51)  
Net revenues 2,810 2,486 5,578 5,034  
Operating segments | Private Client Group | Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 1,711 1,457 3,404 2,933  
Operating segments | Private Client Group | Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 459 392 899 795  
Operating segments | Private Client Group | Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 176 152 340 304  
Operating segments | Private Client Group | Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 132 117 264 235  
Operating segments | Private Client Group | Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 151 123 295 256  
Operating segments | Private Client Group | Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues 488 419 958 852  
Operating segments | Private Client Group | Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 506 509 1,008 1,036  
Operating segments | Private Client Group | Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 152 130 294 256  
Operating segments | Private Client Group | RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 280 313 569 644  
Operating segments | Private Client Group | Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 74 66 145 136  
Operating segments | Private Client Group | Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 7 9 15 17  
Operating segments | Private Client Group | Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Private Client Group | Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 7 9 15 17  
Operating segments | Private Client Group | Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Private Client Group | Total other          
Disaggregation of Revenue [Line Items]          
Non-interest revenues 8 6 12 11  
Operating segments | Private Client Group | Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Capital Markets          
Disaggregation of Revenue [Line Items]          
Principal transactions 104 121 197 207  
All other 1 0 1 1  
Non-interest revenues 462 392 838 869  
Total non-interest revenues 462 392 838 869  
Interest income 27 28 55 57  
Total revenues 489 420 893 926  
Interest expense (25) (24) (49) (50)  
Net revenues 464 396 844 876  
Operating segments | Capital Markets | Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 1 1 1 1  
Operating segments | Capital Markets | Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 52 40 100 80  
Operating segments | Capital Markets | Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 2 2 4 4  
Operating segments | Capital Markets | Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Capital Markets | Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 50 38 96 76  
Operating segments | Capital Markets | Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues 156 161 297 287  
Operating segments | Capital Markets | Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 4 3 8 7  
Operating segments | Capital Markets | Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 1 0  
Operating segments | Capital Markets | RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 2 2 3 3  
Operating segments | Capital Markets | Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 2 1 4 4  
Operating segments | Capital Markets | Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 272 207 472 524  
Operating segments | Capital Markets | Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 139 129 258 355  
Operating segments | Capital Markets | Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 56 31 87 66  
Operating segments | Capital Markets | Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 77 47 127 103  
Operating segments | Capital Markets | Total other          
Disaggregation of Revenue [Line Items]          
Non-interest revenues 29 20 60 50  
Operating segments | Capital Markets | Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 28 20 59 49  
Operating segments | Asset Management          
Disaggregation of Revenue [Line Items]          
Principal transactions 0 0 0 0  
All other 1 0 1 0  
Non-interest revenues 324 286 647 576  
Total non-interest revenues 324 286 647 576  
Interest income 3 3 6 7  
Total revenues 327 289 653 583  
Interest expense 0 0 0 0  
Net revenues 327 289 653 583  
Operating segments | Asset Management | Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 315 278 631 560  
Operating segments | Asset Management | Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 1 2 2 4  
Operating segments | Asset Management | Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 1 1 2 2  
Operating segments | Asset Management | Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 1 0 2  
Operating segments | Asset Management | Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues 1 2 2 4  
Operating segments | Asset Management | Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 7 6 13 12  
Operating segments | Asset Management | Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 4 3 8 7  
Operating segments | Asset Management | RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 3 3 5 5  
Operating segments | Asset Management | Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Asset Management | Total other          
Disaggregation of Revenue [Line Items]          
Non-interest revenues 1 0 1 0  
Operating segments | Asset Management | Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank          
Disaggregation of Revenue [Line Items]          
Principal transactions 3 1 7 4  
All other 11 14 24 22  
Total non-interest revenues 14 15 31 26  
Interest income 802 802 1,633 1,649  
Total revenues 816 817 1,664 1,675  
Interest expense (330) (383) (691) (816)  
Net revenues 486 434 973 859  
Operating segments | Bank | Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues 3 1 7 4  
Operating segments | Bank | Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Operating segments | Bank | Total other          
Disaggregation of Revenue [Line Items]          
Non-interest revenues 11 14 24 22  
Operating segments | Bank | Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations          
Disaggregation of Revenue [Line Items]          
Principal transactions 0 0 (1) 0  
All other 4 0 (2) (4)  
Non-interest revenues (218) (211) (442) (430)  
Total non-interest revenues (218) (211) (442) (430)  
Interest income 21 20 52 41  
Total revenues (197) (191) (390) (389)  
Interest expense (31) (11) (64) (23)  
Net revenues (228) (202) (454) (412)  
Other and intersegment eliminations | Asset management and related administrative fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (11) (11) (21) (26)  
Other and intersegment eliminations | Subtotal securities commissions          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (5) (3) (8) (8)  
Other and intersegment eliminations | Mutual and other fund products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (1) 0 (1) (1)  
Other and intersegment eliminations | Insurance and annuity products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations | Equities, exchange-traded funds (“ETFs”) and fixed income products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (4) (3) (7) (7)  
Other and intersegment eliminations | Total brokerage revenues          
Disaggregation of Revenue [Line Items]          
Total brokerage revenues (5) (3) (9) (8)  
Other and intersegment eliminations | Total account and service fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (206) (197) (410) (392)  
Other and intersegment eliminations | Mutual fund and other investment products          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (1) (1) (2) (1)  
Other and intersegment eliminations | RJBDP fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (189) (185) (378) (373)  
Other and intersegment eliminations | Client account and other fees          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer (16) (11) (30) (18)  
Other and intersegment eliminations | Total investment banking          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations | Merger & acquisition and advisory          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations | Equity underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations | Debt underwriting          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer 0 0 0 0  
Other and intersegment eliminations | Total other          
Disaggregation of Revenue [Line Items]          
Non-interest revenues 4 0 (2) (4)  
Other and intersegment eliminations | Affordable housing investments business revenues          
Disaggregation of Revenue [Line Items]          
Revenue from contract with customer $ 0 $ 0 $ 0 $ 0