Segment Information (Tables)

3 Months Ended

Feb. 28, 2022

Certain information concerning our segments is presented in the following table (in thousands):


	For the Three Months Ended February 28,
		2022		2021
Net revenues:
Reportable Segments:
Investment Banking and Capital Markets		$	1,481,818	$	1,987,496
Asset Management		59,956		229,202
Merchant Banking		189,535		267,004
Corporate		746		590
Total net revenues related to reportable segments		1,732,055		2,484,292

Reconciling items - Consolidation adjustments		(140)		2,650
Total consolidated revenues		$	1,731,915	$	2,486,942

Income (loss) before income taxes:
Reportable Segments:
Investment Banking and Capital Markets		$	420,885	$	556,231
Asset Management		16,009		183,932
Merchant Banking		(24,407)		92,202
Corporate		(11,764)		(20,477)
Income before income taxes related to reportable segments		400,723		811,888
Reconciling items - Parent Company interest		(8,391)		(13,902)
Reconciling items - Consolidation adjustments		—		2,799
Total consolidated income before income taxes		$	392,332	$	800,785

Depreciation and amortization expenses:
Reportable Segments:
Investment Banking and Capital Markets		$	23,555	$	20,710
Asset Management		362		479
Merchant Banking		21,596		16,714
Corporate		424		864


Total consolidated depreciation and amortization expenses		$	45,937	$	38,767

		February 28, 2022		November 30, 2021
Identifiable Assets Employed:
Reportable Segments:
Investment Banking and Capital Markets		$	52,646,088	$	52,903,374
Asset Management		3,312,921		3,205,799
Merchant Banking		2,277,138		2,263,050
Corporate		2,215,945		2,432,927
Identifiable assets related to reportable segments		60,452,092		60,805,150

Reconciling items - Consolidation adjustments		(415,641)		(401,040)
Total consolidated assets		$	60,036,451	$	60,404,110