v3.26.3
Segment Reporting - Net Revenues, Expenses and Total Assets by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Aug. 31, 2026
Aug. 31, 2025
Revenues        
Revenues $ 3,230,798 $ 2,907,674 $ 9,220,260 $ 7,874,853
Interest expense 1,008,864 860,242 2,774,745 2,599,955
Net revenues 2,221,934 2,047,432 6,445,515 5,274,898
Non-interest expenses        
Compensation and benefits 1,192,745 1,083,510 3,466,880 2,779,476
Brokerage and clearing fees 139,475 121,164 420,053 360,345
Technology and communications 173,235 157,171 495,953 442,844
Business development 83,000 78,999 247,530 231,360
Cost of sales 22,922 34,430 84,095 118,959
Total non-interest expenses 1,870,896 1,715,617 5,566,712 4,657,117
Earnings from continuing operations before income taxes 351,038 331,815 878,803 617,781
Total equity method pickup earnings (losses) recognized in Other revenues 52,800 39,100 99,100 54,300
Depreciation and amortization 43,282 53,230 147,475 136,471
Operating Segments        
Revenues        
Non-interest revenues 2,305,000 2,049,000 6,594,000 5,281,000
Interest income 923,000 847,000 2,299,000 2,570,000
Revenues 3,228,000 2,896,000 8,893,000 7,851,000
Interest expense 1,009,000 861,000 2,464,000 2,600,000
Net revenues 2,219,000 2,035,000 6,429,000 5,251,000
Non-interest expenses        
Compensation and benefits 1,193,000 1,083,000 3,466,000 2,786,000
Brokerage and clearing fees 139,000 121,000 421,000 360,000
Technology and communications 174,000 157,000 496,000 443,000
Business development 83,000 79,000 248,000 231,000
Cost of sales 23,000 34,000 84,000 119,000
Other segment items 259,000 241,000 852,000 718,000
Total non-interest expenses 1,871,000 1,715,000 5,567,000 4,657,000
Earnings from continuing operations before income taxes 348,000 320,000 862,000 594,000
Asset Management        
Non-interest expenses        
Earnings from continuing operations before income taxes 3,000 10,000 24,000 25,000
Total equity method pickup earnings (losses) recognized in Other revenues 10,000 4,000 18,000 9,000
Depreciation and amortization 9,000 23,000 45,000 67,000
Asset Management | Operating Segments        
Revenues        
Non-interest revenues 121,000 209,000 588,000 623,000
Interest income 43,000 42,000 112,000 120,000
Revenues 164,000 251,000 700,000 743,000
Interest expense 78,000 74,000 206,000 220,000
Net revenues 86,000 177,000 494,000 523,000
Non-interest expenses        
Compensation and benefits 58,000 59,000 202,000 207,000
Brokerage and clearing fees 8,000 11,000 35,000 30,000
Technology and communications 15,000 16,000 49,000 42,000
Business development 3,000 7,000 13,000 29,000
Cost of sales 23,000 34,000 84,000 119,000
Other segment items 58,000 66,000 244,000 194,000
Total non-interest expenses 165,000 193,000 627,000 621,000
Earnings from continuing operations before income taxes (79,000) (16,000) (133,000) (98,000)
Asset Management | Operating Segments | Asset Management Fees and Investment Return        
Non-interest expenses        
Earnings from continuing operations before income taxes (49,000) 125,000 (6,000) 142,000
Asset Management | Operating Segments | Other Investments        
Non-interest expenses        
Earnings from continuing operations before income taxes (31,000) (141,000) (128,000) (240,000)
Investment Banking and Capital Markets        
Non-interest expenses        
Total equity method pickup earnings (losses) recognized in Other revenues 43,000 35,000 81,000 46,000
Depreciation and amortization 35,000 30,000 102,000 69,000
Investment Banking and Capital Markets | Operating Segments        
Revenues        
Non-interest revenues 2,184,000 1,840,000 6,006,000 4,658,000
Interest income 880,000 805,000 2,187,000 2,450,000
Revenues 3,064,000 2,645,000 8,193,000 7,108,000
Interest expense 931,000 787,000 2,258,000 2,380,000
Net revenues 2,133,000 1,858,000 5,935,000 4,728,000
Non-interest expenses        
Compensation and benefits 1,135,000 1,024,000 3,264,000 2,579,000
Brokerage and clearing fees 131,000 110,000 386,000 330,000
Technology and communications 159,000 141,000 447,000 401,000
Business development 80,000 72,000 235,000 202,000
Other segment items 201,000 175,000 608,000 524,000
Total non-interest expenses 1,706,000 1,522,000 4,940,000 4,036,000
Earnings from continuing operations before income taxes $ 427,000 $ 336,000 $ 995,000 $ 692,000