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Segment Reporting - Net Revenues, Expenses and Total Assets by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Revenues    
Revenues $ 2,871,265 $ 2,472,864
Interest expense 854,135 879,845
Net revenues 2,017,130 1,593,019
Non-interest expenses    
Compensation and benefits 1,085,890 841,127
Brokerage and clearing fees 133,132 109,436
Technology and communications 159,858 139,475
Business development 75,422 72,291
Cost of sales 29,920 41,568
Total non-interest expenses 1,804,914 1,441,954
Earnings from continuing operations before income taxes 212,216 151,065
Total equity method pickup earnings (losses) recognized in Other revenues 24,500 7,100
Depreciation and amortization 56,865 30,988
Operating Segments    
Revenues    
Non-interest revenues 2,057,300 1,625,400
Interest income 813,100 845,100
Revenues 2,870,400 2,470,500
Interest expense 854,100 879,800
Net revenues 2,016,300 1,590,700
Non-interest expenses    
Compensation and benefits 1,085,900 841,100
Brokerage and clearing fees 133,100 109,400
Technology and communications 159,800 139,500
Business development 75,500 72,300
Cost of sales 29,900 41,600
Other segment items 320,700 238,000
Total non-interest expenses 1,804,900 1,441,900
Earnings from continuing operations before income taxes 211,400 148,800
Investment Banking and Capital Markets    
Non-interest expenses    
Total equity method pickup earnings (losses) recognized in Other revenues 20,300 4,700
Depreciation and amortization 33,500 9,900
Investment Banking and Capital Markets | Operating Segments    
Revenues    
Non-interest revenues 1,801,400 1,403,700
Interest income 770,100 802,600
Revenues 2,571,500 2,206,300
Interest expense 775,500 807,300
Net revenues 1,796,000 1,399,000
Non-interest expenses    
Compensation and benefits 1,021,300 769,100
Brokerage and clearing fees 121,800 100,200
Technology and communications 142,500 127,600
Business development 70,300 58,700
Other segment items 189,100 176,400
Total non-interest expenses 1,545,000 1,232,000
Earnings from continuing operations before income taxes 251,000 167,000
Asset Management    
Non-interest expenses    
Earnings from continuing operations before income taxes 15,800 7,000
Total equity method pickup earnings (losses) recognized in Other revenues 4,200 2,400
Depreciation and amortization 23,400 21,100
Asset Management | Operating Segments    
Revenues    
Non-interest revenues 255,900 221,700
Interest income 43,000 42,500
Revenues 298,900 264,200
Interest expense 78,600 72,500
Net revenues 220,300 191,700
Non-interest expenses    
Compensation and benefits 64,600 72,000
Brokerage and clearing fees 11,300 9,200
Technology and communications 17,300 11,900
Business development 5,200 13,600
Cost of sales 29,900 41,600
Other segment items 131,600 61,600
Total non-interest expenses 259,900 209,900
Earnings from continuing operations before income taxes (39,600) (18,200)
Asset Management | Operating Segments | Asset Management Fees and Investment Return    
Non-interest expenses    
Earnings from continuing operations before income taxes 80,000 13,300
Asset Management | Operating Segments | Other Investments    
Non-interest expenses    
Earnings from continuing operations before income taxes $ 119,600 $ 31,500