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Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Revenues:    
Commissions $ 117,499 $ 119,921
Principal transactions 280,835 290,151
Investment banking 285,795 239,059
Asset management fees and investment income from managed funds 5,634 23,868
Interest 274,708 273,216
Other 42,340 20,461
Total revenues 1,006,811 966,676
Interest expense 226,845 208,294
Net revenues 779,966 758,382
Interest on mandatorily redeemable preferred interest of consolidated subsidiaries 21,844 16,438
Net revenues, less mandatorily redeemable preferred interest 758,122 741,944
Non-interest expenses:    
Compensation and benefits 446,462 442,892
Floor brokerage and clearing fees 27,838 28,132
Technology and communications 61,450 43,675
Occupancy and equipment rental 22,565 17,979
Business development 22,247 19,938
Professional services 13,693 13,276
Other 14,998 13,121
Total non-interest expenses 609,253 579,013
Earnings before income taxes 148,869 162,931
Income tax expense 52,152 60,886
Net earnings 96,717 102,045
Net earnings to noncontrolling interests 19,581 14,704
Net earnings to common shareholders $ 77,136 $ 87,341
Earnings per common share:    
Basic $ 0.33 $ 0.42
Diluted $ 0.33 $ 0.42
Weighted average common shares:    
Basic 218,049 199,141
Diluted 222,162 203,257