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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Revenues        
Revenues $ 2,494,315 $ 2,516,296 $ 4,967,179 $ 5,068,238
Interest expense 859,868 859,851 1,739,713 1,673,590
Net revenues 1,634,447 1,656,445 3,227,466 3,394,648
Non-interest expenses        
Compensation and benefits 854,839 861,993 1,695,966 1,788,864
Brokerage and clearing fees 129,745 110,536 239,181 220,206
Underwriting costs 14,525 18,552 32,371 37,036
Technology and communications 146,198 135,238 285,673 272,750
Occupancy and equipment rental 30,711 29,327 60,910 57,480
Business development 80,070 68,630 152,361 126,281
Professional services 77,768 75,493 150,234 153,337
Depreciation and amortization 52,253 49,946 83,241 93,148
Cost of sales 42,961 37,462 84,529 72,133
Other expenses 70,476 41,514 157,034 125,417
Total non-interest expenses 1,499,546 1,428,691 2,941,500 2,946,652
Earnings from continuing operations before income taxes 134,901 227,754 285,966 447,996
Income tax expense 43,506 73,107 57,722 129,066
Net earnings from continuing operations 91,395 154,647 228,244 318,930
Net earnings (losses) from discontinued operations, net of income tax benefit of $0, $173, $0, and $3,176 0 40 0 (7,851)
Net earnings 91,395 154,687 228,244 311,079
Net losses attributable to noncontrolling interests (7,668) (4,790) (14,651) (12,228)
Preferred stock dividends 11,046 13,741 26,940 27,930
Net earnings attributable to common shareholders $ 88,017 $ 145,736 $ 215,955 $ 295,377
Earnings per common share        
Basic from continuing operations (in dollars per share) $ 0.41 $ 0.66 $ 1.01 $ 1.37
Diluted from continuing operations (in dollars per share) 0.40 0.64 0.97 1.34
Basic (in dollars per share) 0.41 0.66 1.01 1.34
Diluted (in dollars per share) $ 0.40 $ 0.64 $ 0.97 $ 1.31
Weighted-average common shares outstanding        
Basic (in shares) 215,097 219,971 214,818 219,935
Diluted (in shares) 221,897 226,146 222,383 225,587
Investment banking        
Revenues        
Revenues $ 789,269 $ 738,584 $ 1,518,779 $ 1,417,649
Principal transactions        
Revenues        
Revenues 338,507 416,195 745,737 1,056,931
Commissions and other fees        
Revenues        
Revenues 353,233 271,782 641,533 517,325
Asset management fees and revenues        
Revenues        
Revenues 20,076 11,768 105,484 62,140
Interest        
Revenues        
Revenues 878,025 879,727 1,723,196 1,699,216
Other        
Revenues        
Revenues $ 115,205 $ 198,240 $ 232,450 $ 314,977