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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ 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
Underwriting costs 31,383 17,846
Technology and communications 159,858 139,475
Occupancy and equipment rental 33,860 30,199
Business development 75,422 72,291
Professional services 76,944 72,466
Depreciation and amortization 56,865 30,988
Cost of sales 29,920 41,568
Other expenses 121,640 86,558
Total non-interest expenses 1,804,914 1,441,954
Earnings from continuing operations before income taxes 212,216 151,065
Income tax expense 52,870 14,216
Net earnings 159,346 136,849
Net losses attributable to noncontrolling interests (15,858) (6,983)
Preferred stock dividends 19,504 16,039
Net earnings attributable to common shareholders $ 155,700 $ 127,793
Earnings per common share    
Basic (in dollars per share) $ 0.72 $ 0.60
Diluted (in dollars per share) $ 0.70 $ 0.57
Weighted-average common shares outstanding    
Basic (in shares) 215,707 214,536
Diluted (in shares) 223,270 222,448
Investment banking    
Revenues    
Revenues $ 1,018,284 $ 729,510
Principal transactions    
Revenues    
Revenues 487,498 407,230
Commissions and other fees    
Revenues    
Revenues 367,604 288,300
Asset management fees and revenues    
Revenues    
Revenues 67,362 85,408
Interest    
Revenues    
Revenues 813,119 845,171
Other    
Revenues    
Revenues $ 117,398 $ 117,245