Segment Reporting (Tables)

9 Months Ended

Aug. 31, 2020

Segment Reporting [Abstract]

Schedule of Net Revenues, Expenses and Total Assets by Segment

Our net revenues, non-interest expenses and earnings (loss) before income taxes by reportable business segment are summarized below (in millions):

	Three Months Ended   August 31,					Nine Months Ended   August 31,
	2020		2019			2020		2019
Investment Banking and Capital Markets:
Net revenues	$	1,274.1	$	757.4		$	3,451.8	$	2,274.9
Non-interest expenses	992.7		671.2			2,706.0		1,991.0
Earnings before income taxes	$	281.4	$	86.2		$	745.8	$	283.9
Asset Management:
Net revenues	$	109.3	$	19.8		$	136.7	$	89.8
Non-interest expenses	27.3		22.9			110.9		72.9
Earnings (loss) before income taxes	$	82.0	$	(3.1	)	$	25.8	$	16.9
Total:
Net revenues	$	1,383.4	$	777.2		$	3,588.5	$	2,364.7
Non-interest expenses	1,020.0		694.1			2,816.9		2,063.9
Earnings before income taxes	$	363.4	$	83.1		$	771.6	$	300.8

The following table summarizes our total assets by reportable business segment (in millions):

	August 31, 2020		November 30, 2019
Investment Banking and Capital Markets	$	43,552.0	$	40,565.8
Asset Management	3,108.4		2,950.3
Total assets	$	46,660.4	$	43,516.1

Summary Net Revenues by Geographic Region

Net revenues by geographic region were as follows (in millions):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Americas (1)	$	1,102.6	$	613.4	$	2,807.0	$	1,871.3
Europe (2)	209.1		136.9		558.0		413.6
Asia	71.7		26.9		223.5		79.8
Net revenues	$	1,383.4	$	777.2	$	3,588.5	$	2,364.7

(1) Substantially all relates to U.S. results.

(2)

Substantially all relates to U.K. results.