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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Revenues:      
Principal transactions $ 462 $ 527 $ 561
Interest income 3,748 1,508 823
Total revenues 12,992 11,308 9,910 Close
Interest expense (1,373) (305) (150) Close
Net revenues 11,619 11,003 9,760
Non-interest expenses:      
Compensation, commissions and benefits 7,299 7,329 6,584
Non-compensation expenses:      
Communications and information processing 599 506 429
Occupancy and equipment 271 252 232
Business development 242 186 111
Investment sub-advisory fees 151 152 130
Professional fees 145 131 122
Bank loan provision/(benefit) for credit losses 132 100 (32) Close
Losses on extinguishment of debt 0 0 98
Other 500 325 295
Total non-compensation expenses 2,040 1,652 1,385
Total non-interest expenses 9,339 8,981 7,969 Close
Pre-tax income 2,280 2,022 1,791
Provision for income taxes 541 513 388 Close
Net income 1,739 1,509 1,403 Close
Preferred stock dividends 6 4 0
Net income available to common shareholders, basic 1,733 1,505 1,403
Net income available to common shareholders, diluted $ 1,733 $ 1,505 $ 1,403
Earnings per common share – basic (in usd per share) $ 8.16 $ 7.16 $ 6.81
Earnings per common share – diluted (in usd per share) $ 7.97 $ 6.98 $ 6.63
Weighted-average common shares outstanding - basic (in shares) 211.8 209.9 205.7
Weighted-average common and common equivalents shares outstanding - diluted (in shares) 216.9 215.3 211.2
Net income $ 1,739 $ 1,509 $ 1,403
Other comprehensive income/(loss), net of tax:      
Available-for-sale securities (40) (897) (94)
Currency translations, net of the impact of net investment hedges 50 (114) 16
Cash flow hedges 1 70 26
Total other comprehensive income/(loss), net of tax 11 (941) (52)
Total comprehensive income 1,750 568 1,351
Asset management and related administrative fees      
Revenues:      
Revenue from contract with customer 5,363 5,563 4,868
Total brokerage revenues      
Revenues:      
Total brokerage revenues 1,921 2,116 2,212
Securities commissions      
Revenues:      
Revenue from contract with customer 1,459 1,589 1,651
Account and service fees      
Revenues:      
Revenue from contract with customer 1,125 833 635
Investment banking      
Revenues:      
Revenue from contract with customer 648 1,100 1,143
Other      
Revenues:      
Revenue from contract with customer $ 187 $ 188 $ 229