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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Principal transactions $ 126 $ 128 $ 388 $ 396
Interest income 994 990 2,961 2,980
Total revenues 4,362 3,842 12,800 11,722
Interest expense (434) (444) (1,278) (1,384)
Net revenues 3,928 3,398 11,522 10,338
Non-interest expenses:        
Compensation, commissions and benefits 2,579 2,202 7,570 6,678
Non-compensation expenses:        
Communications and information processing 203 191 603 553
Occupancy and equipment 85 77 245 224
Business development 95 77 251 209
Investment sub-advisory fees 63 56 189 163
Professional fees 63 42 136 110
Bank loan provision/(benefit) for credit losses (26) 15 (24) 31
Other 116 175 339 387
Total non-compensation expenses 599 633 1,739 1,677
Total non-interest expenses 3,178 2,835 9,309 8,355
Total pre-tax income 750 563 2,213 1,983
Provision for income taxes 155 127 511 452
Net income 595 436 1,702 1,531
Preferred stock dividends 0 1 3 4
Net income available to common shareholders, basic 595 435 1,699 1,527
Net income available to common shareholders, diluted $ 595 $ 435 $ 1,699 $ 1,527
Earnings per common share – basic (in usd per share) $ 3.06 $ 2.16 $ 8.67 $ 7.51
Earnings per common share – diluted (in usd per share) $ 3.01 $ 2.12 $ 8.52 $ 7.35
Weighted-average common shares outstanding – basic (in shares) 194.0 201.2 195.7 203.0
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 197.2 205.5 199.1 207.6
Net income $ 595 $ 436 $ 1,702 $ 1,531
Other comprehensive income/(loss), net of tax:        
Available-for-sale securities (10) 53 23 42
Currency translations, net of the impact of net investment hedges (2) 58 (5) 24
Cash flow hedges (1) (3) (3) (2)
Total other comprehensive income/(loss), net of tax (13) 108 15 64
Total comprehensive income 582 544 1,717 1,595
Asset management and related administrative fees        
Revenues:        
Revenue from contract with customer 2,075 1,733 6,090 5,201
Total brokerage revenues        
Revenues:        
Total brokerage revenues 629 559 1,884 1,698
Securities commissions        
Revenues:        
Revenue from contract with customer 503 431 1,496 1,302
Account and service fees        
Revenues:        
Revenue from contract with customer 316 302 935 965
Investment banking        
Revenues:        
Revenue from contract with customer 291 212 778 753
Other        
Revenues:        
Revenue from contract with customer $ 57 $ 46 $ 152 $ 125