| Schedule Of Operating Information, Segment |
Information on reportable segments and reconciliation to consolidated net income available to common shareholders for the three and nine months ended September 30, 2026 and 2025 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Global Wealth Management |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
$ |
980,293 |
|
|
$ |
907,440 |
|
|
$ |
2,868,950 |
|
|
$ |
2,603,630 |
|
Compensation and benefits |
|
|
478,877 |
|
|
|
441,626 |
|
|
|
1,411,919 |
|
|
|
1,284,159 |
|
Non-compensation operating expenses |
|
|
127,008 |
|
|
|
123,164 |
|
|
|
390,061 |
|
|
|
544,360 |
|
Income before income taxes |
|
$ |
374,408 |
|
|
$ |
342,650 |
|
|
$ |
1,066,970 |
|
|
$ |
775,111 |
|
Institutional Group |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
$ |
430,281 |
|
|
$ |
500,435 |
|
|
|
1,406,233 |
|
|
$ |
1,305,143 |
|
Compensation and benefits |
|
|
252,656 |
|
|
|
297,106 |
|
|
|
834,030 |
|
|
|
807,388 |
|
Non-compensation operating expenses |
|
|
101,364 |
|
|
|
114,038 |
|
|
|
305,855 |
|
|
|
319,993 |
|
Income before income taxes |
|
$ |
76,261 |
|
|
$ |
89,291 |
|
|
$ |
266,348 |
|
|
$ |
177,762 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
$ |
15,637 |
|
|
$ |
21,521 |
|
|
$ |
79,993 |
|
|
$ |
60,378 |
|
Compensation and benefits |
|
|
81,961 |
|
|
|
101,088 |
|
|
|
248,897 |
|
|
|
255,429 |
|
Non-compensation operating expenses |
|
|
74,720 |
|
|
|
66,328 |
|
|
|
229,279 |
|
|
|
194,592 |
|
Loss before income taxes |
|
$ |
(141,044 |
) |
|
$ |
(145,895 |
) |
|
$ |
(398,183 |
) |
|
$ |
(389,643 |
) |
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues (1) |
|
$ |
1,426,211 |
|
|
$ |
1,429,396 |
|
|
$ |
4,355,176 |
|
|
$ |
3,969,151 |
|
Compensation and benefits |
|
|
813,494 |
|
|
|
839,820 |
|
|
|
2,494,846 |
|
|
|
2,346,976 |
|
Non-compensation operating expenses |
|
|
303,092 |
|
|
|
303,530 |
|
|
|
925,195 |
|
|
|
1,058,945 |
|
Income from operations before income tax expense |
|
$ |
309,625 |
|
|
$ |
286,046 |
|
|
$ |
935,135 |
|
|
$ |
563,230 |
|
(1)No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2026 and 2025.
|
| Schedule Of Information Of Total Assets On Segment Basis |
The following table presents our company’s total assets on a segment basis at September 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30,
2026 |
|
|
December 31,
2025 |
|
Global Wealth Management |
|
$ |
39,640,085 |
|
|
$ |
36,086,157 |
|
Institutional Group |
|
|
5,588,459 |
|
|
|
4,996,613 |
|
Other |
|
|
53,292 |
|
|
|
188,012 |
|
Total assets |
|
$ |
45,281,836 |
|
|
$ |
41,270,782 |
|
|
| Schedule Of Net Revenues Earned On Major Geographical Areas |
Net revenues, classified by the major geographic areas in which they were earned for the three and nine months ended September 30, 2026 and 2025, were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
United States |
|
$ |
1,368,337 |
|
|
$ |
1,349,681 |
|
|
$ |
4,137,616 |
|
|
$ |
3,753,964 |
|
United Kingdom |
|
|
29,925 |
|
|
|
48,260 |
|
|
|
123,635 |
|
|
|
138,838 |
|
Canada |
|
|
12,505 |
|
|
|
15,079 |
|
|
|
53,554 |
|
|
|
40,649 |
|
Other |
|
|
15,444 |
|
|
|
16,376 |
|
|
|
40,371 |
|
|
|
35,700 |
|
Total net revenues |
|
$ |
1,426,211 |
|
|
$ |
1,429,396 |
|
|
$ |
4,355,176 |
|
|
$ |
3,969,151 |
|
|