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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2024
Aug. 31, 2023
Revenues        
Revenues $ 2,595,589 $ 2,040,915 $ 7,663,827 $ 5,472,661
Interest expense 912,037 858,806 2,585,627 1,969,450
Net revenues 1,683,552 1,182,109 5,078,200 3,503,211
Non-interest expenses        
Compensation and benefits 889,098 644,059 2,677,962 1,922,985
Brokerage and clearing fees 101,119 91,226 321,325 268,292
Underwriting costs 14,017 14,877 51,053 41,253
Technology and communications 136,953 122,579 409,703 354,900
Occupancy and equipment rental 30,078 27,711 87,558 79,421
Business development 68,152 41,467 194,433 121,892
Professional services 64,630 64,897 217,967 195,572
Depreciation and amortization 45,977 25,288 139,125 83,890
Cost of sales 37,400 1,618 109,533 6,148
Other expenses 43,441 57,316 168,858 161,850
Total non-interest expenses 1,430,865 1,091,038 4,377,517 3,236,203
Earnings from continuing operations before income taxes 252,687 91,071 700,683 267,008
Income tax expense 78,011 37,124 207,077 75,053
Net earnings from continuing operations 174,676 53,947 493,606 191,955
Net earnings (losses) from discontinued operations (including gain on disposal of $2,839, $—, $2,839, $—), net of income tax benefit of $9,145, $—, $12,321, and $— 6,363 0 (1,488) 0
Net earnings 181,039 53,947 492,118 191,955
Net losses attributable to noncontrolling interests (6,874) (3,772) (19,102) (13,340)
Net losses attributable to redeemable noncontrolling interests 0 0 0 (454)
Preferred stock dividends 20,785 6,300 48,501 8,316
Net earnings attributable to common shareholders $ 167,128 $ 51,419 $ 462,719 $ 197,433
Earnings (losses) per common share:        
Basic from continuing operations (in USD per share) $ 0.75 $ 0.22 $ 2.12 $ 0.83
Diluted from continuing operations (in USD per share) 0.72 0.22 2.06 0.82
Basic (in USD per share) 0.78 0.22 2.12 0.83
Diluted (in USD per share) $ 0.75 $ 0.22 $ 2.06 $ 0.82
Weighted-average common share shares outstanding        
Basic (in shares) 214,452 228,353 218,106 236,666
Diluted (in shares) 221,699 232,041 224,180 240,658
Investment banking        
Revenues        
Revenues $ 927,094 $ 600,190 $ 2,344,743 $ 1,595,463
Principal transactions        
Revenues        
Revenues 324,501 353,373 1,381,432 1,171,578
Commissions and other fees        
Revenues        
Revenues 270,643 223,712 787,968 672,294
Asset management fees and revenues        
Revenues        
Revenues 11,986 14,812 74,126 67,731
Interest        
Revenues        
Revenues 936,786 898,040 2,636,002 2,062,104
Other        
Revenues        
Revenues $ 124,579 $ (49,212) $ 439,556 $ (96,509)