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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2025
Aug. 31, 2024
Revenues        
Revenues $ 2,907,674 $ 2,595,589 $ 7,874,853 $ 7,663,827
Interest expense 860,242 912,037 2,599,955 2,585,627
Net revenues 2,047,432 1,683,552 5,274,898 5,078,200
Non-interest expenses        
Compensation and benefits 1,083,510 889,098 2,779,476 2,677,962
Brokerage and clearing fees 121,164 101,119 360,345 321,325
Underwriting costs 20,332 14,017 52,703 51,053
Technology and communications 157,171 136,953 442,844 409,703
Occupancy and equipment rental 32,908 30,078 93,818 87,558
Business development 78,999 68,152 231,360 194,433
Professional services 73,329 64,630 223,563 217,967
Depreciation and amortization 53,230 45,977 136,471 139,125
Cost of sales 34,430 37,400 118,959 109,533
Other expenses 60,544 43,441 217,578 168,858
Total non-interest expenses 1,715,617 1,430,865 4,657,117 4,377,517
Earnings from continuing operations before income taxes 331,815 252,687 617,781 700,683
Income tax expense 89,311 78,011 147,033 207,077
Net earnings from continuing operations 242,504 174,676 470,748 493,606
Net earnings (losses) from discontinued operations (including gain on disposal of $0, $2,839, $0, $2,839), net of income tax benefit of $0, $9,145, $0, and $12,321 0 6,363 0 (1,488)
Net earnings 242,504 181,039 470,748 492,118
Net losses attributable to noncontrolling interests (10,041) (6,874) (24,692) (19,102)
Preferred stock dividends 28,559 20,785 55,528 48,501
Net earnings attributable to common shareholders $ 223,986 $ 167,128 $ 439,912 $ 462,719
Earnings per common share        
Basic from continuing operations (in dollars per share) $ 1.04 $ 0.75 $ 2.05 $ 2.12
Diluted from continuing operations (in dollars per share) 1.01 0.72 1.98 2.06
Basic (in dollars per share) 1.04 0.78 2.05 2.12
Diluted (in dollars per share) $ 1.01 $ 0.75 $ 1.98 $ 2.06
Weighted-average common shares outstanding        
Basic (in shares) 215,293 214,452 214,977 218,106
Diluted (in shares) 222,715 221,699 222,539 224,180
Investment banking        
Revenues        
Revenues $ 1,088,197 $ 927,094 $ 2,606,976 $ 2,344,743
Principal transactions        
Revenues        
Revenues 486,893 324,501 1,232,630 1,381,432
Commissions and other fees        
Revenues        
Revenues 325,178 270,643 966,711 787,968
Asset management fees and revenues        
Revenues        
Revenues 13,079 11,986 118,563 74,126
Interest        
Revenues        
Revenues 846,894 936,786 2,570,090 2,636,002
Other        
Revenues        
Revenues $ 147,433 $ 124,579 $ 379,883 $ 439,556