Raymond James Financial (RJF) 10-Q 6 Aug 24 2024 Q3 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-9109
Entity Registrant Name	RAYMOND JAMES FINANCIAL, INC.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-1517485
Entity Address, Address Line One	880 Carillon Parkway
Entity Address, City or Town	St. Petersburg
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33716
City Area Code	727
Local Phone Number	567-1000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		205,943,440
Entity Central Index Key	0000720005
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Stock, $.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	RJF
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
Trading Symbol	RJF PrB
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Assets:
Cash and cash equivalents	$ 9,095	$ 9,313
Assets segregated for regulatory purposes and restricted cash	3,641	3,235
Collateralized agreements	570	418
Financial instruments, at fair value:
Trading assets ($1,200 and $1,062 pledged as collateral)	1,472	1,187
Available-for-sale securities ($11 and $22 pledged as collateral)	8,530	9,181
Derivative assets	85	265
Other investments ($6 and $7 pledged as collateral)	333	306
Brokerage client receivables, net	2,798	2,525
Other receivables, net	1,933	1,608
Deferred income taxes, net	658	711
Goodwill and identifiable intangible assets, net	1,884	1,907
Other assets	3,222	2,793
Total assets	80,628	78,360
Liabilities and shareholders’ equity:
Bank deposits	54,401	54,199
Collateralized financings	1,154	337
Financial instrument liabilities, at fair value:
Trading liabilities	891	716
Derivative liabilities	354	490
Brokerage client payables	5,489	5,447
Accrued compensation, commissions and benefits	1,977	1,914
Other payables	2,084	1,931
Other borrowings	1,049	1,100
Senior notes payable	2,039	2,039
Total liabilities	69,438	68,173
Commitments and contingencies (see Note 16)
Shareholders’ equity
Preferred stock	79	79
Common stock; $.01 par value; 650,000,000 shares authorized; 249,886,619 shares issued and 205,573,733 shares outstanding as of June 30, 2024; 248,728,805 shares issued and 208,769,095 shares outstanding as of September 30, 2023	2	2
Additional paid-in capital	3,221	3,143
Retained earnings	11,385	10,213
Treasury stock, at cost; 44,312,886 and 39,959,710 common shares as of June 30, 2024 and September 30, 2023, respectively	(2,773)	(2,252)
Accumulated other comprehensive loss	(717)	(971)
Total equity attributable to Raymond James Financial, Inc.	11,197	10,214
Noncontrolling interests	(7)	(27)
Total shareholders’ equity	11,190	10,187
Total liabilities and shareholders’ equity	80,628	78,360
Nonrelated party
Financial instruments, at fair value:
Loans, net	45,149	43,775
Related party
Financial instruments, at fair value:
Loans, net	$ 1,258	$ 1,136

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Trading assets	$ 1,472	$ 1,187
Available-for-sale securities	8,530	9,181
Other investments	$ 333	$ 306
Common stock, par value per share (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	650,000,000	650,000,000
Common stock, shares issued (in shares)	249,886,619	248,728,805
Common stock, shares outstanding (in shares)	205,573,733	208,769,095
Treasury stock (in shares)	44,312,886	39,959,710
Asset pledged as collateral
Trading assets	$ 1,200	$ 1,062
Available-for-sale securities	11	22
Other investments	$ 6	$ 7

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Principal transactions	$ 116	$ 105	$ 369	$ 364
Interest income	1,057	987	3,159	2,729
Total revenues	3,762	3,293	10,920	9,477
Interest expense	(534)	(386)	(1,561)	(911)
Net revenues	3,228	2,907	9,359	8,566
Non-interest expenses:
Compensation, commissions and benefits	2,090	1,851	6,054	5,407
Non-compensation expenses:
Communications and information processing	166	149	481	441
Occupancy and equipment	75	68	220	202
Business development	72	66	193	176
Investment sub-advisory fees	48	40	132	110
Professional fees	38	35	103	105
Bank loan provision/(benefit) for credit losses	(10)	54	23	96
Other	105	158	270	334
Total non-compensation expenses	494	570	1,422	1,464
Total non-interest expenses	2,584	2,421	7,476	6,871
Pre-tax income	644	486	1,883	1,695
Provision for income taxes	152	117	417	390
Net income	492	369	1,466	1,305
Preferred stock dividends	1	0	4	4
Net income available to common shareholders, basic	491	369	1,462	1,301
Net income available to common shareholders, diluted	$ 491	$ 369	$ 1,462	$ 1,301
Earnings per common share – basic (in usd per share)	$ 2.37	$ 1.75	$ 7.02	$ 6.09
Earnings per common share – diluted (in usd per share)	$ 2.31	$ 1.71	$ 6.85	$ 5.95
Weighted-average common shares outstanding – basic (in shares)	206.8	210.1	207.9	213
Weighted-average common and common equivalent shares outstanding – diluted (in shares)	212.3	214.8	213.1	218
Net income	$ 492	$ 369	$ 1,466	$ 1,305
Other comprehensive income/(loss), net of tax:
Available-for-sale securities	11	(76)	255	68
Currency translations, net of the impact of net investment hedges	(2)	20	16	73
Cash flow hedges	(2)	12	(17)	(1)
Total other comprehensive income/(loss), net of tax	7	(44)	254	140
Total comprehensive income	499	325	1,720	1,445
Asset management and related administrative fees
Revenues:
Revenue from contract with customer	1,611	1,373	4,534	3,917
Total brokerage revenues
Revenues:
Total brokerage revenues	532	461	1,582	1,441
Securities commissions
Revenues:
Revenue from contract with customer	416	356	1,213	1,077
Account and service fees
Revenues:
Revenue from contract with customer	328	264	982	811
Investment banking
Revenues:
Revenue from contract with customer	183	151	543	446
Other
Revenues:
Revenue from contract with customer	$ 51	$ 57	$ 120	$ 133

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Millions	Total	Total equity attributable to Raymond James Financial, Inc.	Preferred stock	Common stock, par value $.01 per share	Additional paid-in capital	Retained earnings	Treasury stock	Accumulated other comprehensive loss	Noncontrolling interests
Balance beginning of period at Sep. 30, 2022			$ 120	$ 2	$ 2,987	$ 8,843	$ (1,512)	$ (982)	$ (26)
Changes in Shareholders' Equity:
Redemption of preferred stock			(41)
Share issuances				0
Employee stock purchases					35
Purchases							(810)
Reissuances (distributions) due to vesting of restricted stock units and exercise of stock options, net of forfeitures					(110)		63
Share-based compensation amortization					187
Net income attributable to Raymond James Financial, Inc.	$ 1,305					1,305
Common and preferred stock cash dividends declared (see Note 17)						(278)
Other comprehensive income/(loss), net of tax	140							140
Net loss attributable to noncontrolling interests									(1)
Other net changes in noncontrolling interests									0
Balance end of period at Jun. 30, 2023	9,922		79	2	3,099	9,870	(2,259)	(842)	(27)
Balance beginning of period at Mar. 31, 2023			120	2	3,035	9,590	(1,954)	(798)	(26)
Changes in Shareholders' Equity:
Redemption of preferred stock			(41)
Share issuances				0
Employee stock purchases					13
Purchases							(305)
Reissuances (distributions) due to vesting of restricted stock units and exercise of stock options, net of forfeitures					0		0
Share-based compensation amortization					51
Net income attributable to Raymond James Financial, Inc.	369					369
Common and preferred stock cash dividends declared (see Note 17)						(89)
Other comprehensive income/(loss), net of tax	(44)							(44)
Net loss attributable to noncontrolling interests									(1)
Other net changes in noncontrolling interests									0
Balance end of period at Jun. 30, 2023	9,922		79	2	3,099	9,870	(2,259)	(842)	(27)
Changes in Shareholders' Equity:
Total equity attributable to Raymond James Financial, Inc.		$ 9,949
Total equity attributable to Raymond James Financial, Inc.	10,214
Balance beginning of period at Sep. 30, 2023	10,187		79	2	3,143	10,213	(2,252)	(971)	(27)
Changes in Shareholders' Equity:
Redemption of preferred stock	(600)		0
Share issuances				0
Employee stock purchases					32
Purchases							(618)
Reissuances (distributions) due to vesting of restricted stock units and exercise of stock options, net of forfeitures					(150)		97
Share-based compensation amortization					196
Net income attributable to Raymond James Financial, Inc.	1,466					1,466
Common and preferred stock cash dividends declared (see Note 17)						(294)
Other comprehensive income/(loss), net of tax	254							254
Net loss attributable to noncontrolling interests									0
Other net changes in noncontrolling interests									20
Balance end of period at Jun. 30, 2024	11,190		79	2	3,221	11,385	(2,773)	(717)	(7)
Balance beginning of period at Mar. 31, 2024			79	2	3,186	10,988	(2,547)	(724)	(5)
Changes in Shareholders' Equity:
Redemption of preferred stock	(243)		0
Share issuances				0
Employee stock purchases					10
Purchases							(246)
Reissuances (distributions) due to vesting of restricted stock units and exercise of stock options, net of forfeitures					(27)		20
Share-based compensation amortization					52
Net income attributable to Raymond James Financial, Inc.	492					492
Common and preferred stock cash dividends declared (see Note 17)						(95)
Other comprehensive income/(loss), net of tax	7							7
Net loss attributable to noncontrolling interests									0
Other net changes in noncontrolling interests									(2)
Balance end of period at Jun. 30, 2024	11,190		$ 79	$ 2	$ 3,221	$ 11,385	$ (2,773)	$ (717)	$ (7)
Changes in Shareholders' Equity:
Total equity attributable to Raymond James Financial, Inc.	$ 11,197	$ 11,197

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share (in usd per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 1,466	$ 1,305
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization	132	123
Deferred income taxes, net	(28)	(22)
Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gain/loss on other investments	(30)	(37)
Provisions for credit losses and legal and regulatory matters, net	0	191
Share-based compensation expense	201	192
Unrealized gain on company-owned life insurance policies, net of expenses	(174)	(125)
Other	18	(1)
Net change in:
Collateralized agreements, net of collateralized financings	664	9
Loans (provided to) financial advisors, net of repayments	(146)	16
Brokerage client receivables and other receivables, net	(509)	456
Trading instruments, net	(78)	62
Derivative instruments, net	35	(224)
Other assets	(18)	(43)
Brokerage client payables and other payables	72	(5,764)
Accrued compensation, commissions and benefits	59	(95)
Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale	(19)	9
Net cash provided by/(used in) operating activities	1,645	(3,948)
Cash flows from investing activities:
Increase in bank loans, net	(1,737)	(762)
Proceeds from sales of loans held for investment	337	600
Purchases of available-for-sale securities	(397)	(561)
Available-for-sale securities maturations, repayments and redemptions	1,279	977
Additions to property and equipment	(155)	(122)
Sales of Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) stock, net	0	3
Investment in solar tax credit equity investment	(15)	0
Purchases of other investments, net	0	(6)
Other investing activities, net	(69)	(61)
Net cash provided by/(used in) investing activities	(757)	68
Cash flows from financing activities:
Increase in bank deposits	202	2,411
Repurchases of common stock and share-based awards withheld for payment of withholding tax requirements	(655)	(860)
Dividends on common and preferred stock	(288)	(266)
Exercise of stock options and employee stock purchases	37	37
Redemption of preferred stock	0	(40)
Proceeds from FHLB advances	1,300	2,550
Repayments of FHLB advances and other borrowed funds	(1,350)	(2,741)
Other financing, net	(2)	(2)
Net cash provided by/(used in) financing activities	(756)	1,089
Currency adjustment:
Effect of exchange rate changes on cash and cash equivalents, including those segregated for regulatory purposes	56	346
Net increase/(decrease) in cash and cash equivalents, including those segregated for regulatory purposes and restricted cash	188	(2,445)
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at beginning of year	12,548	14,659
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period	12,736	12,214
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash
Cash and cash equivalents	9,095	8,375
Cash and cash equivalents segregated for regulatory purposes and restricted cash	3,641	3,839
Total cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period	12,736	12,214
Supplemental disclosures of cash flow information:
Cash paid for interest	1,575	858
Cash paid for income taxes, net	548	536
Cash outflows for lease liabilities	91	92
Non-cash right-of-use assets recorded for new and modified leases	$ 51	$ 112

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Organization Raymond James Financial, Inc. (“RJF” or the “firm”) is a financial holding company which, together with its subsidiaries, is engaged in various financial services activities, including providing investment management services to retail and institutional clients, merger & acquisition and advisory services, the underwriting, distribution, trading and brokerage of equity and debt securities, and the sale of mutual funds and other investment products. The firm also provides corporate and retail banking services and trust services. As used herein, the terms “our,” “we,” or “us” refer to RJF and/or one or more of its subsidiaries. Basis of presentation The accompanying unaudited condensed consolidated financial statements include the accounts of RJF and its consolidated subsidiaries that are generally controlled through a majority voting interest. We consolidate all of our 100%-owned subsidiaries. In addition, we consolidate any variable interest entity (“VIE”) in which we are the primary beneficiary. Additional information on these VIEs is provided in Note 2 of our Annual Report on Form 10-K (“2023 Form 10-K”) for the year ended September 30, 2023, as filed with the United States (“U.S.”) Securities and Exchange Commission (“SEC”) and in Note 9 of this Quarterly Report on Form 10-Q (“Form 10-Q”). When we do not have a controlling interest in an entity, but we exert significant influence over the entity, we apply the equity method of accounting. All material intercompany balances and transactions have been eliminated in consolidation. Accounting estimates and assumptions Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) but is not required for interim reporting purposes has been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary for a fair presentation of our consolidated financial position and results of operations for the periods presented. The nature of our business is such that the results of any interim period are not necessarily indicative of results for a full year. These unaudited condensed consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and Notes thereto included in our 2023 Form 10-K. To prepare condensed consolidated financial statements in accordance with GAAP, we must make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates and could have a material impact on the condensed consolidated financial statements.

UPDATE OF SIGNIFICANT ACCOUNTIN

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
UPDATE OF SIGNIFICANT ACCOUNTING POLICIES	UPDATE OF SIGNIFICANT ACCOUNTING POLICIES A summary of our significant accounting policies is included in Note 2 of our 2023 Form 10-K. During the three and nine months ended June 30, 2024, there were no significant changes to our significant accounting policies other than the accounting policies adopted or modified as part of our implementation of new or amended accounting guidance, as noted in the following section. Accounting guidance adopted in fiscal 2024 In March 2022, the Financial Accounting Standards Board (“FASB”) issued new guidance related to troubled debt restructurings (“TDRs”) and disclosures regarding write-offs of financing receivables (ASU 2022-02), amending guidance related to the measurement of credit losses on financial instruments (ASU 2016-13). The update eliminates the requirement to use a discounted cash flow approach to measure the allowance for credit losses for TDRs and instead allows for the use of a current expected credit loss (“CECL”) approach for all loans. Under a CECL approach, the impact of loan modifications and the subsequent performance of modified loans, including defaults, is reflected in the historical loss data used to calculate expected lifetime credit losses. In addition, the update requires new disclosures about modifications granted to borrowers experiencing financial difficulty in the form of principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, or a combination of these modifications. The update also requires new disclosures for the financial effects of these modifications and for loan performance in the twelve months following the modification, and also requires disclosure of current period gross charge-offs by year of origination. We adopted this guidance on a prospective basis as of October 1, 2023, which did not have a material impact on our financial position or results of operations. Refer to Note 7 for additional disclosures required by this guidance and changes to our accounting policies as a result of this adoption. See Note 2 of our 2023 Form 10-K for a discussion of our accounting policies related to our nonperforming assets and allowance for credit losses.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Our “Financial instruments” and “Financial instrument liabilities” on our Condensed Consolidated Statements of Financial Condition are recorded at fair value. See Notes 2 and 4 of our 2023 Form 10-K for further information about such instruments and our significant accounting policies related to fair value. The following tables present assets and liabilities measured at fair value on a recurring basis. Netting adjustments represent the impact of counterparty and collateral netting on our derivative balances included on our Condensed Consolidated Statements of Financial Condition. See Note 5 for additional information. $ in millions Level 1 Level 2 Level 3 Netting Balance as of June 30, 2024 Assets at fair value on a recurring basis: Trading assets: Municipal and provincial obligations $ 1 $ 336 $ — $ — $ 337 Corporate obligations 22 649 — — 671 Government and agency obligations 32 111 — — 143 Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”) — 218 — — 218 Non-agency CMOs and ABS — 63 — — 63 Total debt securities 55 1,377 — — 1,432 Equity securities 11 3 — — 14 Brokered certificates of deposit — 13 — — 13 Other — — 13 — 13 Total trading assets 66 1,393 13 — 1,472 Available-for-sale securities (1) 946 7,584 — — 8,530 Derivative assets - interest rate 2 398 — (315) 85 All other investments: Government and agency obligations (2) 90 — — — 90 Other 112 1 29 — 142 Total all other investments 202 1 29 — 232 Other assets - client-owned fractional shares 124 — — — 124 Subtotal 1,340 9,376 42 (315) 10,443 Other investments - private equity - measured at net asset value (“NAV”) 101 Total assets at fair value on a recurring basis $ 1,340 $ 9,376 $ 42 $ (315) $ 10,544 Liabilities at fair value on a recurring basis: Trading liabilities: Municipal and provincial obligations $ 8 $ — $ — $ — $ 8 Corporate obligations — 595 — — 595 Government and agency obligations 216 6 — — 222 Agency MBS and CMOs — 23 — — 23 Total debt securities 224 624 — — 848 Equity securities 32 11 — — 43 Total trading liabilities 256 635 — — 891 Derivative liabilities: Interest rate 2 432 — (82) 352 Foreign exchange — 2 — — 2 Total derivative liabilities 2 434 — (82) 354 Other payables - repurchase liabilities related to client-owned fractional shares 124 — — — 124 Total liabilities at fair value on a recurring basis $ 382 $ 1,069 $ — $ (82) $ 1,369 $ in millions Level 1 Level 2 Level 3 Netting Balance as of September 30, 2023 Assets at fair value on a recurring basis: Trading assets: Municipal and provincial obligations $ — $ 239 $ — $ — $ 239 Corporate obligations 22 620 — — 642 Government and agency obligations 24 117 — — 141 Agency MBS, CMOs, and ABS — 35 — — 35 Non-agency CMOs and ABS — 68 — — 68 Total debt securities 46 1,079 — — 1,125 Equity securities 20 2 — — 22 Brokered certificates of deposit — 36 — — 36 Other — — 4 — 4 Total trading assets 66 1,117 4 — 1,187 Available-for-sale securities (1) 1,240 7,941 — — 9,181 Derivative assets: Interest rate 14 503 — (261) 256 Foreign exchange — 9 — — 9 Total derivative assets 14 512 — (261) 265 All other investments: Government and agency obligations (2) 71 — — — 71 Other 102 2 30 — 134 Total all other investments 173 2 30 — 205 Other assets - client-owned fractional shares 98 — — — 98 Subtotal 1,591 9,572 34 (261) 10,936 Other investments - private equity - measured at NAV 101 Total assets at fair value on a recurring basis $ 1,591 $ 9,572 $ 34 $ (261) $ 11,037 Liabilities at fair value on a recurring basis: Trading liabilities: Municipal and provincial obligations $ 10 $ — $ — $ — $ 10 Corporate obligations — 514 — — 514 Government and agency obligations 161 1 — — 162 Total debt securities 171 515 — — 686 Equity securities 30 — — — 30 Total trading liabilities 201 515 — — 716 Derivative liabilities: Interest rate 13 563 — (88) 488 Foreign exchange — 2 — — 2 Total derivative liabilities 13 565 — (88) 490 Other payables - repurchase liabilities related to client-owned fractional shares 98 — — — 98 Total liabilities at fair value on a recurring basis $ 312 $ 1,080 $ — $ (88) $ 1,304 (1) Our available-for-sale securities primarily consist of agency MBS, agency CMOs, and U.S. Treasury securities (“U.S. Treasuries”). See Note 4 for further information. (2) These assets are primarily comprised of U.S. Treasuries purchased to meet certain deposit requirements with clearing organizations. Level 3 recurring fair value measurements The following tables present the changes in fair value for Level 3 assets and liabilities measured at fair value on a recurring basis. The realized and unrealized gains and losses in the tables may include changes in fair value that were attributable to both observable and unobservable inputs. In the following tables, gains/(losses) on trading and derivative instruments are reported in “ Principal transactions Other Three months ended June 30, 2024 Level 3 instruments at fair value Financial assets Trading assets Other investments $ in millions Other All other Fair value beginning of period $ 4 $ 29 Total gains/(losses) included in earnings — — Purchases and contributions 31 — Sales and distributions (22) — Transfers: Into Level 3 — — Out of Level 3 — — Fair value end of period $ 13 $ 29 Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ (1) $ — Nine months ended June 30, 2024 Level 3 instruments at fair value Financial assets Trading assets Other investments $ in millions Other All other Fair value beginning of period $ 4 $ 30 Total gains/(losses) included in earnings — (1) Purchases and contributions 60 — Sales and distributions (51) — Transfers: Into Level 3 — — Out of Level 3 — — Fair value end of period $ 13 $ 29 Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ (1) $ — Three months ended June 30, 2023 Level 3 instruments at fair value Financial assets Financial liabilities Trading assets Other investments Derivative liabilities $ in millions Other All other Other Fair value beginning of period $ 3 $ 28 $ (4) Total gains/(losses) included in earnings (1) 1 — Purchases and contributions 19 — — Sales and distributions (12) — — Transfers: Into Level 3 — — — Out of Level 3 — — — Fair value end of period $ 9 $ 29 $ (4) Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ 1 $ 1 $ — Nine months ended June 30, 2023 Level 3 instruments at fair value Financial assets Financial liabilities Trading assets Other investments Derivative liabilities $ in millions Other All other Other Fair value beginning of period $ 1 $ 29 $ (3) Total gains/(losses) included in earnings (1) — (1) Purchases and contributions 55 — — Sales, distributions, and deconsolidations (46) — — Transfers: Into Level 3 — — — Out of Level 3 — — — Fair value end of period $ 9 $ 29 $ (4) Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ 1 $ — $ (1) As of June 30, 2024, 13% of our assets and 2% of our liabilities were measured at fair value on a recurring basis. In comparison, as of September 30, 2023, 14% of our assets and 2% of our liabilities were measured at fair value on a recurring basis. As of both June 30, 2024 and September 30, 2023, Level 3 assets represented less than 1% of our assets measured at fair value on a recurring basis. Investments in private equity measured at net asset value per share As more fully described in Note 2 of our 2023 Form 10-K, as a practical expedient, we utilize NAV or its equivalent to determine the recorded value of a portion of our private equity investments portfolio. We utilize NAV when the fund investment does not have a readily determinable fair value and the NAV of the fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the investments at fair value. Our private equity portfolio as of June 30, 2024 primarily included investments in third-party funds, including growth equity, venture capital, and mezzanine lending fund investments. Our investments cannot be redeemed directly with the funds. Our investments are monetized through the liquidation of underlying assets of fund investments, the timing of which is uncertain. The following table presents the recorded value and unfunded commitments related to our private equity investments portfolio. $ in millions Recorded value Unfunded commitment June 30, 2024 Private equity investments measured at NAV $ 101 $ 26 Private equity investments not measured at NAV 7 Total private equity investments $ 108 September 30, 2023 Private equity investments measured at NAV $ 101 $ 29 Private equity investments not measured at NAV 7 Total private equity investments $ 108 Financial instruments measured at fair value on a nonrecurring basis The following table presents assets measured at fair value on a nonrecurring basis along with the valuation techniques and significant unobservable inputs used in the valuation of the assets classified as level 3. These inputs represent those that a market participant would take into account when pricing these instruments. Weighted averages are calculated by weighting each input by the relative fair value of the related financial instrument. $ in millions Level 2 Level 3 Total fair value Valuation technique(s) Unobservable input Range June 30, 2024 Bank loans: Residential mortgage loans $ 2 $ 8 $ 10 Collateral or discounted cash flow (1) Prepayment rate 7 yrs. - 12 yrs. (10.4 yrs.) Corporate loans $ — $ 88 $ 88 Collateral or discounted cash flow (1) Recovery rate 33% - 53% (39%) Loans held for sale $ 30 $ — $ 30 N/A N/A N/A September 30, 2023 Bank loans: Residential mortgage loans $ 2 $ 8 $ 10 Collateral or discounted cash flow (1) Prepayment rate 7 yrs. - 12 yrs. (10.3 yrs.) Corporate loans $ — $ 84 $ 84 Collateral or discounted cash flow (1) Recovery rate 22% - 65% (53%) Loans held for sale $ 2 $ — $ 2 N/A N/A N/A (1) The valuation techniques used to estimate the fair values are based on collateral value less selling costs for the collateral-dependent loans and discounted cash flows for loans that are not collateral-dependent. Unobservable inputs used in the collateral valuation technique are not meaningful and unobservable inputs used in the discounted cash flow valuation technique are presented in the table. Financial instruments not recorded at fair value Many, but not all, of the financial instruments we hold were recorded at fair value on the Condensed Consolidated Statements of Financial Condition. The following table presents the estimated fair value and fair value hierarchy of financial assets and liabilities that are not recorded at fair value on the Condensed Consolidated Statements of Financial Condition at June 30, 2024 and September 30, 2023. This table excludes financial instruments that are carried at amounts which approximate fair value. See Note 4 of our 2023 Form 10-K for a discussion of our financial instruments that are not recorded at fair value. $ in millions Level 2 Level 3 Total estimated fair value Carrying amount June 30, 2024 Financial assets: Bank loans, net $ 139 $ 43,852 $ 43,991 $ 45,021 Financial liabilities: Bank deposits - certificates of deposit $ 2,557 $ — $ 2,557 $ 2,562 Other borrowings - subordinated notes payable $ 96 $ — $ 96 $ 99 Senior notes payable $ 1,760 $ — $ 1,760 $ 2,039 September 30, 2023 Financial assets: Bank loans, net $ 142 $ 42,622 $ 42,764 $ 43,679 Financial liabilities: Bank deposits - certificates of deposit $ 2,817 $ — $ 2,817 $ 2,831 Other borrowings - subordinated notes payable $ 94 $ — $ 94 $ 100 Senior notes payable $ 1,640 $ — $ 1,640 $ 2,039

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES	9 Months Ended
	Jun. 30, 2024
Debt Securities, Available-for-Sale [Abstract]
AVAILABLE-FOR-SALE SECURITIES	AVAILABLE-FOR-SALE SECURITIES See Note 2 of our 2023 Form 10-K for a discussion of our accounting policies applicable to our available-for-sale securities. The following table details the amortized costs and fair values of our available-for-sale securities. See Note 3 for additional information regarding the fair value of available-for-sale securities. $ in millions Cost basis Gross Gross Fair value June 30, 2024 Agency residential MBS $ 4,344 $ — $ (471) $ 3,873 Agency commercial MBS 1,439 — (159) 1,280 Agency CMOs 1,381 — (214) 1,167 Other agency obligations 629 — (16) 613 Non-agency residential MBS 567 1 (47) 521 U.S. Treasuries 949 — (4) 945 Corporate bonds 116 1 (4) 113 Other 19 — (1) 18 Total available-for-sale securities $ 9,444 $ 2 $ (916) $ 8,530 September 30, 2023 Agency residential MBS $ 4,865 $ — $ (654) $ 4,211 Agency commercial MBS 1,464 — (211) 1,253 Agency CMOs 1,448 — (265) 1,183 Other agency obligations 710 — (31) 679 Non-agency residential MBS 527 — (64) 463 U.S. Treasuries 1,261 — (21) 1,240 Corporate bonds 140 — (6) 134 Other 18 — — 18 Total available-for-sale securities $ 10,433 $ — $ (1,252) $ 9,181 The amortized costs and fair values in the preceding table exclude $28 million of accrued interest on available-for-sale securities as of both June 30, 2024 and September 30, 2023, which was included in “ Other receivables, net See Note 6 for more information regarding available-for-sale securities pledged with the FHLB and FRB. The following table details the contractual maturities, amortized costs, fair values and current yields for our available-for-sale securities. Weighted-average yields are calculated on a taxable-equivalent basis based on estimated annual income divided by the average amortized cost of these securities. Since our MBS and CMO available-for-sale securities are backed by mortgages, actual maturities may differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. As a result, the weighted-average life of our available-for-sale securities portfolio, after factoring in estimated prepayments, was approximately 4.0 years as of June 30, 2024. June 30, 2024 $ in millions Within one year After one but After five but After ten years Total Agency residential MBS Amortized cost $ 1 $ 99 $ 1,804 $ 2,440 $ 4,344 Fair value $ 1 $ 97 $ 1,638 $ 2,137 $ 3,873 Weighted-average yield 1.85 % 2.52 % 1.29 % 2.04 % 1.74 % Agency commercial MBS Amortized cost $ 67 $ 911 $ 412 $ 49 $ 1,439 Fair value $ 66 $ 833 $ 342 $ 39 $ 1,280 Weighted-average yield 3.04 % 1.53 % 1.17 % 1.87 % 1.51 % Agency CMOs Amortized cost $ — $ 6 $ 36 $ 1,339 $ 1,381 Fair value $ — $ 6 $ 32 $ 1,129 $ 1,167 Weighted-average yield — % 2.34 % 1.52 % 1.73 % 1.73 % Other agency obligations Amortized cost $ 195 $ 382 $ 43 $ 9 $ 629 Fair value $ 192 $ 372 $ 40 $ 9 $ 613 Weighted-average yield 2.64 % 3.59 % 3.05 % 3.07 % 3.25 % Non-agency residential MBS Amortized cost $ — $ — $ — $ 567 $ 567 Fair value $ — $ — $ — $ 521 $ 521 Weighted-average yield — % — % — % 4.39 % 4.39 % U.S. Treasuries Amortized cost $ 763 $ 186 $ — $ — $ 949 Fair value $ 759 $ 186 $ — $ — $ 945 Weighted-average yield 3.68 % 5.23 % — % — % 3.99 % Corporate bonds Amortized cost $ 14 $ 79 $ 23 $ — $ 116 Fair value $ 14 $ 77 $ 22 $ — $ 113 Weighted-average yield 3.71 % 5.78 % 5.02 % — % 5.38 % Other Amortized cost $ — $ 5 $ 5 $ 9 $ 19 Fair value $ — $ 5 $ 4 $ 9 $ 18 Weighted-average yield — % 7.38 % 5.21 % 8.24 % 7.21 % Total available-for-sale securities Amortized cost $ 1,040 $ 1,668 $ 2,323 $ 4,413 $ 9,444 Fair value $ 1,032 $ 1,576 $ 2,078 $ 3,844 $ 8,530 Weighted-average yield 3.45 % 2.69 % 1.35 % 2.27 % 2.25 % The following table details the gross unrealized losses and fair values of securities that were in a loss position at the reporting period end, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position. Less than 12 months 12 months or more Total $ in millions Fair value Unrealized Fair value Unrealized Fair value Unrealized June 30, 2024 Agency residential MBS $ 88 $ (1) $ 3,730 $ (470) $ 3,818 $ (471) Agency commercial MBS — — 1,277 (159) 1,277 (159) Agency CMOs 19 — 1,114 (214) 1,133 (214) Other agency obligations — — 613 (16) 613 (16) Non-agency residential MBS 30 — 421 (47) 451 (47) U.S. Treasuries — — 525 (4) 525 (4) Corporate bonds — — 78 (4) 78 (4) Other — — 9 (1) 9 (1) Total $ 137 $ (1) $ 7,767 $ (915) $ 7,904 $ (916) September 30, 2023 Agency residential MBS $ 73 $ (3) $ 4,119 $ (651) $ 4,192 $ (654) Agency commercial MBS 3 — 1,250 (211) 1,253 (211) Agency CMOs — — 1,183 (265) 1,183 (265) Other agency obligations 97 (1) 582 (30) 679 (31) Non-agency residential MBS 62 (1) 401 (63) 463 (64) U.S. Treasuries 120 — 995 (21) 1,115 (21) Corporate bonds 13 — 78 (6) 91 (6) Other 5 — 9 — 14 — Total $ 373 $ (5) $ 8,617 $ (1,247) $ 8,990 $ (1,252) At June 30, 2024, of the 1,000 available-for-sale securities in an unrealized loss position, 17 were in a continuous unrealized loss position for less than 12 months and 983 securities were in a continuous unrealized loss position for greater than 12 months. At June 30, 2024, debt securities we held in excess of ten percent of our equity included those issued by the Federal National Home Mortgage Association and Federal Home Loan Mortgage Corporation with amortized costs of $4.36 billion and $2.66 billion, respectively, and fair values of $3.86 billion and $2.33 billion, respectively.

DERIVATIVE ASSETS AND DERIVATIV

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES	9 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES	DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES Our derivative assets and derivative liabilities are recorded at fair value and are included in “Derivative assets” and “Derivative liabilities” on our Condensed Consolidated Statements of Financial Condition. Cash flows related to our derivatives are included within operating activities on the Condensed Consolidated Statements of Cash Flows. The significant accounting policies governing our derivatives, including our methodologies for determining fair value, are described in Note 2 of our 2023 Form 10-K. Derivative balances included on our financial statements The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP. June 30, 2024 September 30, 2023 $ in millions Derivative assets Derivative liabilities Notional amount Derivative assets Derivative liabilities Notional amount Derivatives not designated as hedging instruments Interest rate (1) $ 396 $ 434 $ 19,593 $ 509 $ 576 $ 18,270 Foreign exchange — 1 975 4 2 1,191 Other — — 1,012 — — 608 Subtotal 396 435 21,580 513 578 20,069 Derivatives designated as hedging instruments Interest rate 4 — 1,250 8 — 1,200 Foreign exchange — 1 1,203 5 — 1,172 Subtotal 4 1 2,453 13 — 2,372 Total gross fair value/notional amount 400 436 $ 24,033 526 578 $ 22,441 Offset on the Condensed Consolidated Statements of Financial Condition Counterparty netting (33) (33) (29) (29) Cash collateral netting (282) (49) (232) (59) Total amounts offset (315) (82) (261) (88) Net amounts presented on the Condensed Consolidated Statements of Financial Condition $ 85 $ 354 $ 265 $ 490 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition Financial instruments (9) — (131) — Total $ 76 $ 354 $ 134 $ 490 (1) Included to-be-announced security contracts that are accounted for as derivatives. The following table details the gains/(losses) included in accumulated other comprehensive income/(loss) (“AOCI”), net of income taxes, on derivatives designated as hedging instruments. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 17 for additional information. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Interest rate (cash flow hedges) $ (2) $ 12 $ (17) $ (1) Foreign exchange (net investment hedges) 10 (16) 10 (33) Total gains/(losses) included in AOCI, net of taxes $ 8 $ (4) $ (7) $ (34) There were no components of derivative gains or losses excluded from the assessment of hedge effectiveness for each of the three and nine months ended June 30, 2024 and 2023. We expect to reclassify $28 million of interest expense out of AOCI and into earnings within the next 12 months. The maximum length of time over which forecasted transactions are or will be hedged is three years. The following table details the gains/(losses) on derivatives not designated as hedging instruments recognized on the Condensed Consolidated Statements of Income and Comprehensive Income. These amounts do not include any offsetting gains/(losses) on the related hedged item. $ in millions Three months ended June 30, Nine months ended June 30, Location of gain/(loss) 2024 2023 2024 2023 Interest rate Principal transactions/other revenues $ 3 $ 6 $ 7 $ 17 Foreign exchange Other revenues $ 11 $ (20) $ 3 $ (56) Other Principal transactions $ — $ 1 $ — $ — Risks associated with our derivatives and related risk mitigation Credit risk We are exposed to credit losses primarily in the event of nonperformance by the counterparties to derivatives that are not cleared through a clearing organization. Where we are subject to credit exposure, we perform a credit evaluation of counterparties prior to entering into derivative transactions and we continue to monitor their credit standings on an ongoing basis. We may require initial margin or collateral from counterparties, generally in the form of cash or marketable securities to support certain of these obligations as established by the credit threshold specified by the agreement and/or as a result of monitoring the credit standing of the counterparties. We also enter into derivatives with clients, typically interest rate derivatives, to which either of our bank subsidiaries have provided loans. Such derivatives are generally collateralized by marketable securities or other assets of the client. Interest rate and foreign exchange risk We are exposed to interest rate risk related to certain of our interest rate derivatives. We are also exposed to foreign exchange risk related to our forward foreign exchange derivatives. On a daily basis, we monitor our risk exposure on our derivatives based on established sensitivity-based and foreign exchange spot limits. Derivatives with credit-risk-related contingent features Certain of our derivative contracts contain provisions that require our debt to maintain an investment-grade rating from one or more of the major credit rating agencies or contain provisions related to default on certain of our outstanding debt. If our debt were to fall below investment-grade or we were to default on certain of our outstanding debt, the counterparties to the derivative instruments could terminate the derivative and request immediate payment, or demand immediate and ongoing overnight collateralization on our derivative instruments in liability positions. The aggregate fair value of all derivative instruments with such credit-risk-related contingent features that were in a liability position was $2 million as of June 30, 2024 and $3 million as of September 30, 2023.

COLLATERALIZED AGREEMENTS AND F

COLLATERALIZED AGREEMENTS AND FINANCINGS	9 Months Ended
	Jun. 30, 2024
Offsetting [Abstract]
COLLATERALIZED AGREEMENTS AND FINANCINGS	COLLATERALIZED AGREEMENTS AND FINANCINGS Collateralized agreements are comprised of securities purchased under agreements to resell (“reverse repurchase agreements”) and securities borrowed. Collateralized financings are comprised of securities sold under agreements to repurchase (“repurchase agreements”) and securities loaned. We enter into these transactions in order to facilitate client activities, acquire securities to cover short positions and finance certain firm activities. The significant accounting policies governing our collateralized agreements and financings are described in Note 2 of our 2023 Form 10-K. Our reverse repurchase agreements, repurchase agreements, securities borrowing, and securities lending transactions are governed by master agreements that are widely used by counterparties and that may allow for net settlements of payments in the normal course, as well as offsetting of all contracts with a given counterparty in the event of bankruptcy or default of one of the parties to the transaction. For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table. Collateralized agreements Collateralized financings $ in millions Reverse repurchase agreements Securities borrowed Total Repurchase agreements Securities loaned Total June 30, 2024 Gross amounts of recognized assets/liabilities $ 311 $ 259 $ 570 $ 374 $ 780 $ 1,154 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 311 259 570 374 780 1,154 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (311) (249) (560) (374) (750) (1,124) Net amounts $ — $ 10 $ 10 $ — $ 30 $ 30 September 30, 2023 Gross amounts of recognized assets/liabilities $ 187 $ 231 $ 418 $ 157 $ 180 $ 337 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 187 231 418 157 180 337 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (187) (224) (411) (157) (173) (330) Net amounts $ — $ 7 $ 7 $ — $ 7 $ 7 The total amount of collateral received under reverse repurchase agreements and the total amount of collateral posted under repurchase agreements exceeds the carrying value of these agreements on our Condensed Consolidated Statements of Financial Condition. Repurchase agreements and securities loaned accounted for as secured borrowings The following table presents our repurchase agreements and securities lending transactions accounted for as secured borrowings by type of collateral. Such secured borrowings have no stated maturity and are generally overnight and continuous. $ in millions June 30, 2024 September 30, 2023 Repurchase agreements: Government and agency obligations $ 203 $ 122 Agency MBS and agency CMOs 171 35 Total repurchase agreements $ 374 $ 157 Securities loaned: Equity securities 780 180 Total collateralized financings $ 1,154 $ 337 Collateral received and pledged We receive cash and securities as collateral, primarily in connection with reverse repurchase agreements, securities borrowing agreements, derivative transactions, and client margin loans. The collateral we receive reduces our credit exposure to individual counterparties. In many cases, we are permitted to deliver or repledge financial instruments we have received as collateral to satisfy our collateral requirements under our repurchase agreements, securities lending agreements or other secured borrowings, to satisfy deposit requirements with clearing organizations, or to otherwise meet either our or our clients’ settlement requirements. The following table presents financial instruments at fair value that we received as collateral, were not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were delivered or repledged, to satisfy one of our purposes previously described. $ in millions June 30, 2024 September 30, 2023 Collateral we received that was available to be delivered or repledged $ 3,428 $ 3,267 Collateral that we delivered or repledged $ 1,741 $ 730 Encumbered assets We also pledge certain of our assets, primarily trading assets, to collateralize repurchase agreements or other secured borrowings, maintain lines of credit, or to satisfy our collateral or settlement requirements with counterparties or clearing organizations who may or may not have the right to deliver or repledge such instruments. The following table presents information about our assets that have been pledged for such purposes. $ in millions June 30, 2024 September 30, 2023 Had the right to deliver or repledge $ 1,217 $ 1,091 Did not have the right to deliver or repledge $ 65 $ 63 We also pledge certain of our bank loans and available-for-sale securities with the FHLB as security for both the repayment of certain borrowings and to secure capacity for additional borrowings as needed. The FHLB does not have the ability to sell or repledge such securities until they are borrowed against. We also pledge certain loans and available-for-sale securities with the FRB to be eligible to participate in the Federal Reserve’s discount window program and to participate in certain deposit programs. The FRB does not have the ability to sell or repledge such securities. For additional information regarding our outstanding FHLB advances see Note 14. The following table presents information about our assets that have been pledged with the FHLB or FRB. $ in millions June 30, 2024 September 30, 2023 Assets pledged with the FHLB or FRB: Available-for-sale securities $ 3,958 $ 3,897 Bank loans 10,784 10,166 Total assets pledged with the FHLB or FRB $ 14,742 $ 14,063

BANK LOANS, NET

BANK LOANS, NET	9 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
BANK LOANS, NET	BANK LOANS, NET Bank client receivables are comprised of loans originated or purchased by our Bank segment and include securities-based loans (“SBL”), corporate loans (commercial and industrial (“C&I”) loans, commercial real estate (“CRE”) loans, and real estate investment trust (“REIT”) loans), residential mortgage loans, and tax-exempt loans. These receivables are collateralized by first and, to a lesser extent, second mortgages on residential or other real property, other assets of the borrower, a pledge of revenue, securities, or are unsecured. We segregate our loan portfolio into six loan portfolio segments: SBL, C&I, CRE, REIT, residential mortgage, and tax-exempt. See Note 2 of our 2023 Form 10-K for a discussion of accounting policies related to bank loans and the allowance for credit losses. Loan balances in the following tables are presented at amortized cost (outstanding principal balance net of unamortized purchase discounts or premiums, unearned income, deferred origination fees and costs, and charge-offs), except for certain held for sale loans recorded at fair value. Bank loans are presented on our Condensed Consolidated Statements of Financial Condition at amortized cost (or fair value where applicable) less the allowance for credit losses (“ACL”). As it pertains to TriState Capital Bank’s loans acquired as of June 1, 2022, the amortized cost of such purchased loans reflects the fair value of the loans on the acquisition date, and as described further in Note 3 of our 2023 Form 10-K, the purchase discount on such loans is accreted to interest income over the weighted-average life of the underlying loans, which may vary based on prepayments. The following table presents the balances for held for investment loans by portfolio segment and held for sale loans. $ in millions June 30, 2024 September 30, 2023 SBL $ 15,429 $ 14,606 C&I loans 9,956 10,406 CRE loans 7,619 7,221 REIT loans 1,755 1,668 Residential mortgage loans 9,245 8,662 Tax-exempt loans 1,431 1,541 Total loans held for investment 45,435 44,104 Held for sale loans 170 145 Total loans held for sale and investment 45,605 44,249 Allowance for credit losses (456) (474) Bank loans, net (1) $ 45,149 $ 43,775 ACL as a % of total loans held for investment 1.00 % 1.07 % Accrued interest receivable on bank loans (included in “Other receivables, net”) $ 211 $ 200 (1) Bank loans, net as of June 30, 2024 and September 30, 2023 are presented net of $8 million and $52 million, respectively, of net unamortized discounts, unearned income, and deferred loan fees and costs, which included $51 million and $84 million, respectively, of net unamortized discounts that arose from the acquisition date fair value purchase discount on bank loans acquired in the TriState Capital Holdings, Inc. (“TriState Capital”) acquisition. See Note 3 of our 2023 Form 10-K for additional information. See Note 6 for additional information regarding bank loans pledged with the FHLB and FRB and Note 14 for additional information regarding borrowings from the FHLB. Held for sale loans We originated or purchased $856 million and $1.85 billion of loans held for sale during the three and nine months ended June 30, 2024, respectively, and $699 million and $2.13 billion during the three and nine months ended June 30, 2023, respectively. The majority of these loans were purchases of the guaranteed portions of Small Business Administration (“SBA”) loans that were initially classified as loans held for sale upon purchase and subsequently transferred to trading instruments once they had been securitized into pools. Proceeds from the sales of these loans held for sale and not securitized amounted to $200 million and $443 million during the three and nine months ended June 30, 2024, respectively, and $221 million and $574 million during the three and nine months ended June 30, 2023, respectively. Net gains resulting from such sales were insignificant for each of the three and nine months ended June 30, 2024 and 2023. Purchases and sales of loans held for investment The following table presents purchases and sales of loans held for investment by portfolio segment. $ in millions C&I loans CRE loans REIT loans Residential mortgage loans Total Three months ended June 30, 2024 Purchases $ 218 $ — $ 5 $ 112 $ 335 Sales $ 159 $ — $ — $ — $ 159 Nine months ended June 30, 2024 Purchases $ 738 $ — $ 5 $ 234 $ 977 Sales $ 322 $ — $ 9 $ — $ 331 Three months ended June 30, 2023 Purchases $ 3 $ — $ — $ 94 $ 97 Sales $ 441 $ — $ — $ — $ 441 Nine months ended June 30, 2023 Purchases $ 360 $ 39 $ 24 $ 394 $ 817 Sales $ 588 $ — $ — $ — $ 588 Sales in the preceding table represent the recorded investment (i.e., net of charge-offs and discounts or premiums) of loans held for investment that were transferred to loans held for sale and subsequently sold to a third party during the respective period. As more fully described in Note 2 of our 2023 Form 10-K, corporate loan sales generally occur as part of our credit management activities. Past due, nonaccrual, and modified loans The following table presents information on delinquency status of our loans held for investment. $ in millions 30-89 days and accruing 90 days or more and accruing Total past due and accruing Nonaccrual with allowance Nonaccrual with no allowance Current and accruing Total loans held for investment June 30, 2024 SBL $ 8 $ 2 $ 10 $ — $ — $ 15,419 $ 15,429 C&I loans — — — 61 — 9,895 9,956 CRE loans — — — 70 19 7,530 7,619 REIT loans — — — — — 1,755 1,755 Residential mortgage loans 6 — 6 — 8 9,231 9,245 Tax-exempt loans — — — — — 1,431 1,431 Total loans held for investment $ 14 $ 2 $ 16 $ 131 $ 27 $ 45,261 $ 45,435 September 30, 2023 SBL $ 9 $ — $ 9 $ — $ — $ 14,597 $ 14,606 C&I loans — — — 69 2 10,335 10,406 CRE loans — — — 35 13 7,173 7,221 REIT loans — — — — — 1,668 1,668 Residential mortgage loans 2 — 2 — 9 8,651 8,662 Tax-exempt loans — — — — — 1,541 1,541 Total loans held for investment $ 11 $ — $ 11 $ 104 $ 24 $ 43,965 $ 44,104 The preceding table includes $56 million and $96 million at June 30, 2024 and September 30, 2023, respectively, of nonaccrual loans which were current pursuant to their contractual terms. In the normal course of business, we may modify the original terms of a loan agreement. In certain circumstances, we may agree to modify the original terms of a loan agreement to a borrower experiencing financial difficulty, which may include a borrower in default, financial distress, bankruptcy or other circumstances. Modifications of loans to borrowers experiencing financial difficulty are designed to reduce our loss exposure while providing borrowers with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Loan modifications to borrowers experiencing financial difficulty typically involve principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay (i.e., payment or maturity forbearance greater than six months), or a term extension, or any combination thereof. Modified loans to borrowers experiencing financial difficulty are subject to our nonaccrual policies. Loans to borrowers experiencing financial difficulty which were modified during the three and nine months ended June 30, 2024 were not significant. Prior to September 30, 2023, loan modifications to borrowers experiencing financial difficulty, to the extent significant, were considered TDRs. On October 1, 2023, we adopted ASU 2022-02, which eliminated the recognition and measurement guidance for TDRs. See Note 2 for additional information about this guidance. As of September 30, 2023, TDRs were $21 million, $3 million, and $10 million for C&I loans, CRE loans and residential first mortgage loans, respectively. Other real estate owned, included in “Other assets” on our Condensed Consolidated Statements of Financial Condition, was insignificant at both June 30, 2024 and September 30, 2023. Collateral-dependent loans A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale of the underlying collateral. Collateral-dependent loans are recorded based upon the fair value of the collateral less the estimated selling costs. The following table presents the amortized cost of our collateral-dependent loans and the nature of the collateral. $ in millions Nature of collateral June 30, 2024 September 30, 2023 C&I loans Commercial real estate and other business assets $ 9 $ 11 CRE loans Office, multi-family residential, healthcare, medical office, and industrial real estate $ 134 $ 47 Residential mortgage loans Single family homes $ 4 $ 5 CRE collateral dependent loans as of June 30, 2024 included certain loans that were placed on nonaccrual status with an associated allowance during the nine months ended June 30, 2024. The recorded investments in residential mortgage loans secured by one-to-four family residential properties for which formal foreclosure proceedings were in process were $2 million and $4 million as of June 30, 2024 and September 30, 2023, respectively. Credit quality indicators The credit quality of our bank loan portfolio is summarized monthly by management using internal risk ratings, which align with the standard asset classification system utilized by bank regulators. These classifications are divided into three groups: Not Classified (Pass), Special Mention, and Classified or Adverse Rating (Substandard, Doubtful and Loss). These terms are defined as follows: Pass – Loans which are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less costs to acquire and sell, of any underlying collateral and generally are performing in accordance with the contractual terms. Special Mention – Loans which have potential weaknesses that deserve management’s close attention. These loans are not adversely classified and do not expose us to sufficient risk to warrant an adverse classification. Substandard – Loans which are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans with this classification are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Doubtful – Loans which have all the weaknesses inherent in loans classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently-known facts, conditions and values. Loss – Loans which are considered by management to be uncollectible and of such little value that their continuance on our books as an asset, without establishment of a specific valuation allowance or charge-off, is not warranted. We do not have any loan balances within this classification because, in accordance with our accounting policy, loans, or a portion thereof considered to be uncollectible are charged-off prior to the assignment of this classification. The following tables present our held for investment bank loan portfolio by credit quality indicator. Loans classified as special mention, substandard or doubtful are all considered to be “criticized” loans. As of and for the nine months ended June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total SBL Risk rating: Pass $ 67 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,420 Special mention — — — — — — — — Substandard (1) 9 — — — — — — 9 Doubtful — — — — — — — — Total SBL $ 76 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,429 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — C&I loans Risk rating: Pass $ 470 $ 586 $ 1,084 $ 758 $ 602 $ 3,383 $ 2,943 $ 9,826 Special mention — — 5 — 38 15 1 59 Substandard — — — — 39 20 12 71 Doubtful — — — — — — — — Total C&I loans $ 470 $ 586 $ 1,089 $ 758 $ 679 $ 3,418 $ 2,956 $ 9,956 Gross charge-offs $ — $ — $ — $ 3 $ 4 $ 30 $ — $ 37 CRE loans Risk rating: Pass $ 682 $ 1,176 $ 2,210 $ 977 $ 690 $ 1,205 $ 392 $ 7,332 Special mention — 59 27 — 38 20 — 144 Substandard — — 9 5 9 96 16 135 Doubtful — — — — — 8 — 8 Total CRE loans $ 682 $ 1,235 $ 2,246 $ 982 $ 737 $ 1,329 $ 408 $ 7,619 Gross charge offs $ — $ — $ — $ — $ — $ 8 $ — $ 8 REIT loans Risk rating: Pass $ 145 $ 232 $ 182 $ 216 $ 95 $ 250 $ 558 $ 1,678 Special mention — 12 — — — 13 52 77 Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 145 $ 244 $ 182 $ 216 $ 95 $ 263 $ 610 $ 1,755 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential mortgage loans Risk rating: Pass $ 1,028 $ 1,678 $ 2,784 $ 1,525 $ 874 $ 1,304 $ 32 $ 9,225 Special mention — — 1 — — 5 — 6 Substandard — — 3 — — 11 — 14 Doubtful — — — — — — — — Total residential mortgage loans $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Tax-exempt loans Risk rating: Pass $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — (1) As of June 30, 2024, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total SBL Risk rating: Pass $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,293 $ 14,582 Special mention — — — — — — — — Substandard (1) — — — — — — 24 24 Doubtful — — — — — — — — Total SBL $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,317 $ 14,606 C&I loans Risk rating: Pass $ 672 $ 1,148 $ 1,091 $ 965 $ 1,020 $ 2,675 $ 2,564 $ 10,135 Special mention — 5 29 69 — — 4 107 Substandard — — — 62 17 65 17 161 Doubtful — — — — — 3 — 3 Total C&I loans $ 672 $ 1,153 $ 1,120 $ 1,096 $ 1,037 $ 2,743 $ 2,585 $ 10,406 CRE loans Risk rating: Pass $ 1,130 $ 2,344 $ 1,115 $ 766 $ 604 $ 845 $ 220 $ 7,024 Special mention 7 — — 14 5 55 — 81 Substandard — — 5 32 12 67 — 116 Doubtful — — — — — — — — Total CRE loans $ 1,137 $ 2,344 $ 1,120 $ 812 $ 621 $ 967 $ 220 $ 7,221 REIT loans Risk rating: Pass $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Residential mortgage loans Risk rating: Pass $ 1,765 $ 2,889 $ 1,607 $ 919 $ 433 $ 992 $ 31 $ 8,636 Special mention — — 2 — 2 5 — 9 Substandard — 2 — 1 — 14 — 17 Doubtful — — — — — — — — Total residential mortgage loans $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 Tax-exempt loans Risk rating: Pass $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 (1) As of September 30, 2023, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. We also monitor the credit quality of the residential mortgage loan portfolio utilizing FICO scores and loan-to-value (“LTV”) ratios. A FICO score measures a borrower’s creditworthiness by considering factors such as payment and credit history. LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan. The following table presents the held for investment residential mortgage loan portfolio by LTV ratio at origination and by FICO score. June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total FICO score: Below 600 $ 1 $ 7 $ 13 $ 5 $ 3 $ 15 $ — $ 44 600 - 699 43 53 111 52 45 129 3 436 700 - 799 838 1,012 1,599 806 480 652 19 5,406 800 + 145 602 1,065 660 345 520 9 3,346 FICO score not available 1 4 — 2 1 4 1 13 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 LTV ratio: Below 80% $ 757 $ 1,185 $ 2,144 $ 1,201 $ 677 $ 1,006 $ 31 $ 7,001 80%+ 271 493 644 324 197 314 1 2,244 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total FICO score: Below 600 $ 7 $ 1 $ 3 $ 2 $ 3 $ 55 $ — $ 71 600 - 699 99 154 106 83 30 79 4 555 700 - 799 1,381 2,327 1,218 666 320 609 20 6,541 800 + 274 407 279 168 77 265 6 1,476 FICO score not available 4 2 3 1 5 3 1 19 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 LTV ratio: Below 80% $ 1,244 $ 2,218 $ 1,257 $ 716 $ 323 $ 780 $ 29 $ 6,567 80%+ 521 673 352 204 112 231 2 2,095 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 Allowance for credit losses The following table presents changes in the allowance for credit losses on held for investment bank loans by portfolio segment. $ in millions SBL C&I loans CRE loans REIT loans Residential mortgage loans Tax-exempt loans Total Three months ended June 30, 2024 Balance at beginning of period $ 6 $ 196 $ 181 $ 19 $ 67 $ 2 $ 471 Provision/(benefit) for credit losses (1) (20) 16 1 (6) — (10) Net (charge-offs)/recoveries: Charge-offs — (6) (1) — — — (7) Recoveries — — — — 1 — 1 Net (charge-offs)/recoveries — (6) (1) — 1 — (6) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 Nine months ended June 30, 2024 Balance at beginning of period $ 7 $ 214 $ 161 $ 16 $ 74 $ 2 $ 474 Provision/(benefit) for credit losses (2) (9) 43 4 (13) — 23 Net (charge-offs)/recoveries: Charge-offs — (37) (8) — — — (45) Recoveries — 2 — — 1 — 3 Net (charge-offs)/recoveries — (35) (8) — 1 — (42) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 37.3 % 43.2 % 4.4 % 13.6 % 0.4 % 100.0 % Three months ended June 30, 2023 Balance at beginning of period $ 5 $ 219 $ 100 $ 15 $ 74 $ 2 $ 415 Provision/(benefit) for credit losses — (8) 55 1 6 — 54 Net (charge-offs)/recoveries: Charge-offs — (6) (9) — — — (15) Recoveries — — — — — — — Net (charge-offs)/recoveries — (6) (9) — — — (15) Foreign exchange translation adjustment — 1 1 — — — 2 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 Nine months ended June 30, 2023 Balance at beginning of period $ 3 $ 226 $ 87 $ 21 $ 57 $ 2 $ 396 Provision/(benefit) for credit losses 2 10 66 (5) 23 — 96 Net (charge-offs)/recoveries: Charge-offs — (30) (10) — — — (40) Recoveries — — 3 — — — 3 Net (charge-offs)/recoveries — (30) (7) — — — (37) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 45.3 % 32.2 % 3.5 % 17.5 % 0.4 % 100.0 % The allowance for credit losses on held for investment bank loans decreased $15 million during the three months ended June 30, 2024, primarily resulting from a bank loan benefit for credit losses of $10 million and net charge-offs on certain loans in the current quarter. The bank loan benefit for credit losses for the three months ended June 30, 2024 primarily reflected the positive impacts of net loan repayments, sales, and improved loan grades on the C&I loan portfolio, and an improvement in forecasted home prices on the residential mortgage portfolio, partially offset by the impact of loan downgrades in our CRE portfolio. The allowance for credit losses on held for investment bank loans decreased $18 million during the nine months ended June 30, 2024, primarily resulting from net-charges off during the period, partially offset by the bank loan provision for credit losses of $23 million. The bank loan provision for credit losses for the nine months ended June 30, 2024 primarily reflected the impacts of loan growth, specific reserves, loan downgrades, and charge-offs in our C&I and CRE loan portfolios, partially offset by the favorable impacts of an improved economic forecast, loan repayments, and loan sales. Loans to financial advisors are primarily comprised of loans originated as a part of our recruiting activities. See Note 2 of our 2023 Form 10-K for a discussion of our accounting policies related to loans to financial advisors and the related allowance for credit losses. The following table presents the balances for our loans to financial advisors and the related accrued interest receivable. $ in millions June 30, 2024 September 30, 2023 Affiliated with the firm as of period-end (1) $ 1,282 $ 1,158 No longer affiliated with the firm as of period-end (2) 14 10 Total loans to financial advisors 1,296 1,168 Allowance for credit losses (38) (32) Loans to financial advisors, net $ 1,258 $ 1,136 Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”) $ 8 $ 6 Allowance for credit losses as a percent of total loans to financial advisors 2.93 % 2.74 % (1) These loans were predominantly current. (2) These loans were predominantly past due for a period of 180 days or more.

LOANS TO FINANCIAL ADVISORS, NE

LOANS TO FINANCIAL ADVISORS, NET	9 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LOANS TO FINANCIAL ADVISORS, NET	BANK LOANS, NET Bank client receivables are comprised of loans originated or purchased by our Bank segment and include securities-based loans (“SBL”), corporate loans (commercial and industrial (“C&I”) loans, commercial real estate (“CRE”) loans, and real estate investment trust (“REIT”) loans), residential mortgage loans, and tax-exempt loans. These receivables are collateralized by first and, to a lesser extent, second mortgages on residential or other real property, other assets of the borrower, a pledge of revenue, securities, or are unsecured. We segregate our loan portfolio into six loan portfolio segments: SBL, C&I, CRE, REIT, residential mortgage, and tax-exempt. See Note 2 of our 2023 Form 10-K for a discussion of accounting policies related to bank loans and the allowance for credit losses. Loan balances in the following tables are presented at amortized cost (outstanding principal balance net of unamortized purchase discounts or premiums, unearned income, deferred origination fees and costs, and charge-offs), except for certain held for sale loans recorded at fair value. Bank loans are presented on our Condensed Consolidated Statements of Financial Condition at amortized cost (or fair value where applicable) less the allowance for credit losses (“ACL”). As it pertains to TriState Capital Bank’s loans acquired as of June 1, 2022, the amortized cost of such purchased loans reflects the fair value of the loans on the acquisition date, and as described further in Note 3 of our 2023 Form 10-K, the purchase discount on such loans is accreted to interest income over the weighted-average life of the underlying loans, which may vary based on prepayments. The following table presents the balances for held for investment loans by portfolio segment and held for sale loans. $ in millions June 30, 2024 September 30, 2023 SBL $ 15,429 $ 14,606 C&I loans 9,956 10,406 CRE loans 7,619 7,221 REIT loans 1,755 1,668 Residential mortgage loans 9,245 8,662 Tax-exempt loans 1,431 1,541 Total loans held for investment 45,435 44,104 Held for sale loans 170 145 Total loans held for sale and investment 45,605 44,249 Allowance for credit losses (456) (474) Bank loans, net (1) $ 45,149 $ 43,775 ACL as a % of total loans held for investment 1.00 % 1.07 % Accrued interest receivable on bank loans (included in “Other receivables, net”) $ 211 $ 200 (1) Bank loans, net as of June 30, 2024 and September 30, 2023 are presented net of $8 million and $52 million, respectively, of net unamortized discounts, unearned income, and deferred loan fees and costs, which included $51 million and $84 million, respectively, of net unamortized discounts that arose from the acquisition date fair value purchase discount on bank loans acquired in the TriState Capital Holdings, Inc. (“TriState Capital”) acquisition. See Note 3 of our 2023 Form 10-K for additional information. See Note 6 for additional information regarding bank loans pledged with the FHLB and FRB and Note 14 for additional information regarding borrowings from the FHLB. Held for sale loans We originated or purchased $856 million and $1.85 billion of loans held for sale during the three and nine months ended June 30, 2024, respectively, and $699 million and $2.13 billion during the three and nine months ended June 30, 2023, respectively. The majority of these loans were purchases of the guaranteed portions of Small Business Administration (“SBA”) loans that were initially classified as loans held for sale upon purchase and subsequently transferred to trading instruments once they had been securitized into pools. Proceeds from the sales of these loans held for sale and not securitized amounted to $200 million and $443 million during the three and nine months ended June 30, 2024, respectively, and $221 million and $574 million during the three and nine months ended June 30, 2023, respectively. Net gains resulting from such sales were insignificant for each of the three and nine months ended June 30, 2024 and 2023. Purchases and sales of loans held for investment The following table presents purchases and sales of loans held for investment by portfolio segment. $ in millions C&I loans CRE loans REIT loans Residential mortgage loans Total Three months ended June 30, 2024 Purchases $ 218 $ — $ 5 $ 112 $ 335 Sales $ 159 $ — $ — $ — $ 159 Nine months ended June 30, 2024 Purchases $ 738 $ — $ 5 $ 234 $ 977 Sales $ 322 $ — $ 9 $ — $ 331 Three months ended June 30, 2023 Purchases $ 3 $ — $ — $ 94 $ 97 Sales $ 441 $ — $ — $ — $ 441 Nine months ended June 30, 2023 Purchases $ 360 $ 39 $ 24 $ 394 $ 817 Sales $ 588 $ — $ — $ — $ 588 Sales in the preceding table represent the recorded investment (i.e., net of charge-offs and discounts or premiums) of loans held for investment that were transferred to loans held for sale and subsequently sold to a third party during the respective period. As more fully described in Note 2 of our 2023 Form 10-K, corporate loan sales generally occur as part of our credit management activities. Past due, nonaccrual, and modified loans The following table presents information on delinquency status of our loans held for investment. $ in millions 30-89 days and accruing 90 days or more and accruing Total past due and accruing Nonaccrual with allowance Nonaccrual with no allowance Current and accruing Total loans held for investment June 30, 2024 SBL $ 8 $ 2 $ 10 $ — $ — $ 15,419 $ 15,429 C&I loans — — — 61 — 9,895 9,956 CRE loans — — — 70 19 7,530 7,619 REIT loans — — — — — 1,755 1,755 Residential mortgage loans 6 — 6 — 8 9,231 9,245 Tax-exempt loans — — — — — 1,431 1,431 Total loans held for investment $ 14 $ 2 $ 16 $ 131 $ 27 $ 45,261 $ 45,435 September 30, 2023 SBL $ 9 $ — $ 9 $ — $ — $ 14,597 $ 14,606 C&I loans — — — 69 2 10,335 10,406 CRE loans — — — 35 13 7,173 7,221 REIT loans — — — — — 1,668 1,668 Residential mortgage loans 2 — 2 — 9 8,651 8,662 Tax-exempt loans — — — — — 1,541 1,541 Total loans held for investment $ 11 $ — $ 11 $ 104 $ 24 $ 43,965 $ 44,104 The preceding table includes $56 million and $96 million at June 30, 2024 and September 30, 2023, respectively, of nonaccrual loans which were current pursuant to their contractual terms. In the normal course of business, we may modify the original terms of a loan agreement. In certain circumstances, we may agree to modify the original terms of a loan agreement to a borrower experiencing financial difficulty, which may include a borrower in default, financial distress, bankruptcy or other circumstances. Modifications of loans to borrowers experiencing financial difficulty are designed to reduce our loss exposure while providing borrowers with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Loan modifications to borrowers experiencing financial difficulty typically involve principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay (i.e., payment or maturity forbearance greater than six months), or a term extension, or any combination thereof. Modified loans to borrowers experiencing financial difficulty are subject to our nonaccrual policies. Loans to borrowers experiencing financial difficulty which were modified during the three and nine months ended June 30, 2024 were not significant. Prior to September 30, 2023, loan modifications to borrowers experiencing financial difficulty, to the extent significant, were considered TDRs. On October 1, 2023, we adopted ASU 2022-02, which eliminated the recognition and measurement guidance for TDRs. See Note 2 for additional information about this guidance. As of September 30, 2023, TDRs were $21 million, $3 million, and $10 million for C&I loans, CRE loans and residential first mortgage loans, respectively. Other real estate owned, included in “Other assets” on our Condensed Consolidated Statements of Financial Condition, was insignificant at both June 30, 2024 and September 30, 2023. Collateral-dependent loans A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale of the underlying collateral. Collateral-dependent loans are recorded based upon the fair value of the collateral less the estimated selling costs. The following table presents the amortized cost of our collateral-dependent loans and the nature of the collateral. $ in millions Nature of collateral June 30, 2024 September 30, 2023 C&I loans Commercial real estate and other business assets $ 9 $ 11 CRE loans Office, multi-family residential, healthcare, medical office, and industrial real estate $ 134 $ 47 Residential mortgage loans Single family homes $ 4 $ 5 CRE collateral dependent loans as of June 30, 2024 included certain loans that were placed on nonaccrual status with an associated allowance during the nine months ended June 30, 2024. The recorded investments in residential mortgage loans secured by one-to-four family residential properties for which formal foreclosure proceedings were in process were $2 million and $4 million as of June 30, 2024 and September 30, 2023, respectively. Credit quality indicators The credit quality of our bank loan portfolio is summarized monthly by management using internal risk ratings, which align with the standard asset classification system utilized by bank regulators. These classifications are divided into three groups: Not Classified (Pass), Special Mention, and Classified or Adverse Rating (Substandard, Doubtful and Loss). These terms are defined as follows: Pass – Loans which are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less costs to acquire and sell, of any underlying collateral and generally are performing in accordance with the contractual terms. Special Mention – Loans which have potential weaknesses that deserve management’s close attention. These loans are not adversely classified and do not expose us to sufficient risk to warrant an adverse classification. Substandard – Loans which are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans with this classification are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Doubtful – Loans which have all the weaknesses inherent in loans classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently-known facts, conditions and values. Loss – Loans which are considered by management to be uncollectible and of such little value that their continuance on our books as an asset, without establishment of a specific valuation allowance or charge-off, is not warranted. We do not have any loan balances within this classification because, in accordance with our accounting policy, loans, or a portion thereof considered to be uncollectible are charged-off prior to the assignment of this classification. The following tables present our held for investment bank loan portfolio by credit quality indicator. Loans classified as special mention, substandard or doubtful are all considered to be “criticized” loans. As of and for the nine months ended June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total SBL Risk rating: Pass $ 67 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,420 Special mention — — — — — — — — Substandard (1) 9 — — — — — — 9 Doubtful — — — — — — — — Total SBL $ 76 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,429 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — C&I loans Risk rating: Pass $ 470 $ 586 $ 1,084 $ 758 $ 602 $ 3,383 $ 2,943 $ 9,826 Special mention — — 5 — 38 15 1 59 Substandard — — — — 39 20 12 71 Doubtful — — — — — — — — Total C&I loans $ 470 $ 586 $ 1,089 $ 758 $ 679 $ 3,418 $ 2,956 $ 9,956 Gross charge-offs $ — $ — $ — $ 3 $ 4 $ 30 $ — $ 37 CRE loans Risk rating: Pass $ 682 $ 1,176 $ 2,210 $ 977 $ 690 $ 1,205 $ 392 $ 7,332 Special mention — 59 27 — 38 20 — 144 Substandard — — 9 5 9 96 16 135 Doubtful — — — — — 8 — 8 Total CRE loans $ 682 $ 1,235 $ 2,246 $ 982 $ 737 $ 1,329 $ 408 $ 7,619 Gross charge offs $ — $ — $ — $ — $ — $ 8 $ — $ 8 REIT loans Risk rating: Pass $ 145 $ 232 $ 182 $ 216 $ 95 $ 250 $ 558 $ 1,678 Special mention — 12 — — — 13 52 77 Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 145 $ 244 $ 182 $ 216 $ 95 $ 263 $ 610 $ 1,755 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential mortgage loans Risk rating: Pass $ 1,028 $ 1,678 $ 2,784 $ 1,525 $ 874 $ 1,304 $ 32 $ 9,225 Special mention — — 1 — — 5 — 6 Substandard — — 3 — — 11 — 14 Doubtful — — — — — — — — Total residential mortgage loans $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Tax-exempt loans Risk rating: Pass $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — (1) As of June 30, 2024, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total SBL Risk rating: Pass $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,293 $ 14,582 Special mention — — — — — — — — Substandard (1) — — — — — — 24 24 Doubtful — — — — — — — — Total SBL $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,317 $ 14,606 C&I loans Risk rating: Pass $ 672 $ 1,148 $ 1,091 $ 965 $ 1,020 $ 2,675 $ 2,564 $ 10,135 Special mention — 5 29 69 — — 4 107 Substandard — — — 62 17 65 17 161 Doubtful — — — — — 3 — 3 Total C&I loans $ 672 $ 1,153 $ 1,120 $ 1,096 $ 1,037 $ 2,743 $ 2,585 $ 10,406 CRE loans Risk rating: Pass $ 1,130 $ 2,344 $ 1,115 $ 766 $ 604 $ 845 $ 220 $ 7,024 Special mention 7 — — 14 5 55 — 81 Substandard — — 5 32 12 67 — 116 Doubtful — — — — — — — — Total CRE loans $ 1,137 $ 2,344 $ 1,120 $ 812 $ 621 $ 967 $ 220 $ 7,221 REIT loans Risk rating: Pass $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Residential mortgage loans Risk rating: Pass $ 1,765 $ 2,889 $ 1,607 $ 919 $ 433 $ 992 $ 31 $ 8,636 Special mention — — 2 — 2 5 — 9 Substandard — 2 — 1 — 14 — 17 Doubtful — — — — — — — — Total residential mortgage loans $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 Tax-exempt loans Risk rating: Pass $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 (1) As of September 30, 2023, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. We also monitor the credit quality of the residential mortgage loan portfolio utilizing FICO scores and loan-to-value (“LTV”) ratios. A FICO score measures a borrower’s creditworthiness by considering factors such as payment and credit history. LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan. The following table presents the held for investment residential mortgage loan portfolio by LTV ratio at origination and by FICO score. June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total FICO score: Below 600 $ 1 $ 7 $ 13 $ 5 $ 3 $ 15 $ — $ 44 600 - 699 43 53 111 52 45 129 3 436 700 - 799 838 1,012 1,599 806 480 652 19 5,406 800 + 145 602 1,065 660 345 520 9 3,346 FICO score not available 1 4 — 2 1 4 1 13 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 LTV ratio: Below 80% $ 757 $ 1,185 $ 2,144 $ 1,201 $ 677 $ 1,006 $ 31 $ 7,001 80%+ 271 493 644 324 197 314 1 2,244 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total FICO score: Below 600 $ 7 $ 1 $ 3 $ 2 $ 3 $ 55 $ — $ 71 600 - 699 99 154 106 83 30 79 4 555 700 - 799 1,381 2,327 1,218 666 320 609 20 6,541 800 + 274 407 279 168 77 265 6 1,476 FICO score not available 4 2 3 1 5 3 1 19 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 LTV ratio: Below 80% $ 1,244 $ 2,218 $ 1,257 $ 716 $ 323 $ 780 $ 29 $ 6,567 80%+ 521 673 352 204 112 231 2 2,095 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 Allowance for credit losses The following table presents changes in the allowance for credit losses on held for investment bank loans by portfolio segment. $ in millions SBL C&I loans CRE loans REIT loans Residential mortgage loans Tax-exempt loans Total Three months ended June 30, 2024 Balance at beginning of period $ 6 $ 196 $ 181 $ 19 $ 67 $ 2 $ 471 Provision/(benefit) for credit losses (1) (20) 16 1 (6) — (10) Net (charge-offs)/recoveries: Charge-offs — (6) (1) — — — (7) Recoveries — — — — 1 — 1 Net (charge-offs)/recoveries — (6) (1) — 1 — (6) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 Nine months ended June 30, 2024 Balance at beginning of period $ 7 $ 214 $ 161 $ 16 $ 74 $ 2 $ 474 Provision/(benefit) for credit losses (2) (9) 43 4 (13) — 23 Net (charge-offs)/recoveries: Charge-offs — (37) (8) — — — (45) Recoveries — 2 — — 1 — 3 Net (charge-offs)/recoveries — (35) (8) — 1 — (42) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 37.3 % 43.2 % 4.4 % 13.6 % 0.4 % 100.0 % Three months ended June 30, 2023 Balance at beginning of period $ 5 $ 219 $ 100 $ 15 $ 74 $ 2 $ 415 Provision/(benefit) for credit losses — (8) 55 1 6 — 54 Net (charge-offs)/recoveries: Charge-offs — (6) (9) — — — (15) Recoveries — — — — — — — Net (charge-offs)/recoveries — (6) (9) — — — (15) Foreign exchange translation adjustment — 1 1 — — — 2 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 Nine months ended June 30, 2023 Balance at beginning of period $ 3 $ 226 $ 87 $ 21 $ 57 $ 2 $ 396 Provision/(benefit) for credit losses 2 10 66 (5) 23 — 96 Net (charge-offs)/recoveries: Charge-offs — (30) (10) — — — (40) Recoveries — — 3 — — — 3 Net (charge-offs)/recoveries — (30) (7) — — — (37) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 45.3 % 32.2 % 3.5 % 17.5 % 0.4 % 100.0 % The allowance for credit losses on held for investment bank loans decreased $15 million during the three months ended June 30, 2024, primarily resulting from a bank loan benefit for credit losses of $10 million and net charge-offs on certain loans in the current quarter. The bank loan benefit for credit losses for the three months ended June 30, 2024 primarily reflected the positive impacts of net loan repayments, sales, and improved loan grades on the C&I loan portfolio, and an improvement in forecasted home prices on the residential mortgage portfolio, partially offset by the impact of loan downgrades in our CRE portfolio. The allowance for credit losses on held for investment bank loans decreased $18 million during the nine months ended June 30, 2024, primarily resulting from net-charges off during the period, partially offset by the bank loan provision for credit losses of $23 million. The bank loan provision for credit losses for the nine months ended June 30, 2024 primarily reflected the impacts of loan growth, specific reserves, loan downgrades, and charge-offs in our C&I and CRE loan portfolios, partially offset by the favorable impacts of an improved economic forecast, loan repayments, and loan sales. Loans to financial advisors are primarily comprised of loans originated as a part of our recruiting activities. See Note 2 of our 2023 Form 10-K for a discussion of our accounting policies related to loans to financial advisors and the related allowance for credit losses. The following table presents the balances for our loans to financial advisors and the related accrued interest receivable. $ in millions June 30, 2024 September 30, 2023 Affiliated with the firm as of period-end (1) $ 1,282 $ 1,158 No longer affiliated with the firm as of period-end (2) 14 10 Total loans to financial advisors 1,296 1,168 Allowance for credit losses (38) (32) Loans to financial advisors, net $ 1,258 $ 1,136 Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”) $ 8 $ 6 Allowance for credit losses as a percent of total loans to financial advisors 2.93 % 2.74 % (1) These loans were predominantly current. (2) These loans were predominantly past due for a period of 180 days or more.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Jun. 30, 2024
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES A VIE requires consolidation by the entity’s primary beneficiary. We evaluate all of the entities in which we are involved to determine if the entity is a VIE and if so, whether we hold a variable interest and are the primary beneficiary. Refer to Note 2 of our 2023 Form 10-K for a discussion of our principal involvement with VIEs and the accounting policies regarding determination of whether we are deemed to be the primary beneficiary of VIEs. VIEs where we are the primary beneficiary Of the VIEs in which we hold an interest, we have determined that certain investments in low-income housing tax credit (“LIHTC”) funds and the trust we utilize in connection with restricted stock unit (“RSU”) awards granted to certain employees of one of our Canadian subsidiaries (the “Restricted Stock Trust Fund”) require consolidation in our financial statements, as we are deemed the primary beneficiary of such VIEs. The aggregate assets and liabilities of the VIEs we consolidate are provided in the following table. Aggregate assets and aggregate liabilities may differ from the consolidated carrying value of assets and liabilities due to the elimination of intercompany assets and liabilities held by the consolidated VIE. $ in millions Aggregate assets Aggregate liabilities June 30, 2024 LIHTC funds $ 139 $ 66 Restricted Stock Trust Fund 27 27 Total $ 166 $ 93 September 30, 2023 LIHTC funds $ 51 $ 6 Restricted Stock Trust Fund 20 20 Total $ 71 $ 26 The following table presents information about the carrying value of the assets and liabilities of the VIEs which we consolidate and which are included on our Condensed Consolidated Statements of Financial Condition. Intercompany balances are eliminated in consolidation and are not reflected in the following table. $ in millions June 30, 2024 September 30, 2023 Assets: Cash and cash equivalents and assets segregated for regulatory purposes and restricted cash $ 15 $ 5 Other assets 124 46 Total assets $ 139 $ 51 Liabilities: Other payables $ 42 $ — Total liabilities $ 42 $ — Noncontrolling interests $ (7) $ (27) VIEs where we hold a variable interest but are not the primary beneficiary As discussed in Note 2 of our 2023 Form 10-K, we have concluded that for certain VIEs we are not the primary beneficiary and therefore do not consolidate these VIEs. Such VIEs primarily include certain LIHTC funds, our interests in certain limited partnerships which are part of our private equity portfolio (“Private Equity Interests”), and other limited partnerships. Our risk of loss for these VIEs is limited to our investments in, advances to, and/or receivables due from these VIEs. Aggregate assets, liabilities, and risk of loss The aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary, are provided in the following table. June 30, 2024 September 30, 2023 $ in millions Aggregate Aggregate Our risk Aggregate Aggregate Our risk LIHTC funds $ 8,824 $ 3,114 $ 76 $ 8,451 $ 2,964 $ 113 Private Equity Interests 2,720 852 101 2,591 655 101 Other 115 83 3 201 84 3 Total $ 11,659 $ 4,049 $ 180 $ 11,243 $ 3,703 $ 217

GOODWILL AND IDENTIFIABLE INTAN

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, NET	9 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, NET	GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, NET Our goodwill and identifiable intangible assets result from various acquisitions. See Notes 2 and 11 of our 2023 Form 10-K for additional information about our goodwill and intangible assets, including the related accounting policies. We perform goodwill and indefinite-lived intangible asset impairment testing on an annual basis or when an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value or indicate that the asset is impaired. We performed our latest annual impairment testing for our goodwill and indefinite-lived intangible assets as of our January 1, 2024 evaluation date, evaluating balances as of December 31, 2023. In that testing, we performed a qualitative impairment assessment for each of our reporting units that had goodwill, as well as for our indefinite-lived intangible assets.

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Jun. 30, 2024
Prepaid Expense and Other Assets [Abstract]
OTHER ASSETS	OTHER ASSETS The following table details the components of other assets as of the dates indicated. See Note 2 of our 2023 Form 10-K for a discussion of our accounting polices related to certain of these components. $ in millions June 30, 2024 September 30, 2023 Investments in company-owned life insurance policies $ 1,330 $ 1,110 Property and equipment, net 618 561 Lease right-of-use (“ROU”) assets 562 560 Prepaid expenses 236 209 Investments in FHLB and FRB stock 114 114 Client-owned fractional shares 124 98 All other 238 141 Total other assets $ 3,222 $ 2,793 See Note 13 of our 2023 Form 10-K for additional information regarding our property and equipment and Note 12 of this Form 10-Q and Note 14 of our 2023 Form 10-K for additional information regarding our leases.

LEASES

LEASES	9 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	LEASES The following table presents the balances related to our leases on our Condensed Consolidated Statements of Financial Condition. See Notes 2 and 14 of our 2023 Form 10-K for additional information related to our leases, including a discussion of our accounting policies. $ in millions June 30, 2024 September 30, 2023 ROU assets (included in “Other assets”) $ 562 $ 560 Lease liabilities (included in “Other payables”) $ 542 $ 539 Lease liabilities as of June 30, 2024 excluded $17 million of minimum lease payments related to lease arrangements that were legally binding but had not yet commenced. These leases are estimated to commence between dates later in fiscal year 2024 through fiscal year 2025 with lease terms ranging from three Lease expense The following table details the components of lease expense, which is included in “Occupancy and equipment” expense on our Condensed Consolidated Statements of Income and Comprehensive Income. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Lease costs $ 37 $ 35 $ 106 $ 98 Variable lease costs $ 9 $ 9 $ 28 $ 24 Variable lease costs in the preceding table include payments required under lease arrangements for common area maintenance charges and other variable costs that are not reflected in the measurement of ROU assets and lease liabilities.

BANK DEPOSITS

BANK DEPOSITS	9 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
BANK DEPOSITS	BANK DEPOSITS Bank deposits include money market and savings accounts, interest-bearing demand deposits, which include Negotiable Order of Withdrawal accounts, certificates of deposit, and non-interest-bearing demand deposits held by our bank subsidiaries. The following table presents a summary of bank deposits, excluding affiliate deposits, as well as the weighted-average interest rates on such deposits. The calculation of the weighted-average rates was based on the actual deposit balances and rates at each respective period end. June 30, 2024 September 30, 2023 $ in millions Balance Weighted-average rate Balance Weighted-average rate Money market and savings accounts $ 30,963 2.23 % $ 32,268 1.85 % Interest-bearing demand deposits 20,411 5.00 % 18,376 4.98 % Certificates of deposit 2,562 4.70 % 2,831 4.41 % Non-interest-bearing demand deposits 465 — 724 — Total bank deposits $ 54,401 3.39 % $ 54,199 3.06 % Money market and savings accounts in the preceding table included $23.37 billion and $25.36 billion as of June 30, 2024 and September 30, 2023, respectively, of cash balances which were swept to our Bank segment from the client investment accounts maintained at Raymond James & Associates, Inc. (“RJ&A”). Such deposits are held in Federal Deposit Insurance Corporation (“FDIC”)-insured bank accounts through the Raymond James Bank Deposit Program (“RJBDP”). Total bank deposits in the preceding table included $14.04 billion and $13.59 billion of deposits as of June 30, 2024 and September 30, 2023, respectively, associated with our Enhanced Savings Program (“ESP”), in which PCG clients deposit cash in a high-yield Raymond James Bank account. Substantially all of the ESP balances are reflected in interest-bearing demand deposits in the preceding table. The following table details the amount of total bank deposits (which excludes affiliate deposits) that are FDIC-insured, as well as the amount that exceeded the FDIC insurance limit at each respective period end. $ in millions June 30, 2024 September 30, 2023 FDIC-insured bank deposits $ 48,167 $ 48,344 Bank deposits exceeding FDIC insurance limit (1) (2) 6,234 5,855 Total bank deposits $ 54,401 $ 54,199 FDIC-insured bank deposits as a % of total bank deposits 89 % 89 % (1) Bank deposits that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements. (2) Excluded affiliate deposits exceeding the FDIC insurance limit of $962 million and $764 million as of June 30, 2024 and September 30, 2023, respectively. The following table sets forth the amount of certificates of deposit that exceeded the FDIC insurance limit, categorized by the time remaining until maturity, as of June 30, 2024. $ in millions June 30, 2024 Three months or less $ 64 Over three through six months 45 Over six through twelve months 36 Over twelve months 15 Total certificates of deposit that exceeded the FDIC insurance limit (1) $ 160 (1) Total certificates of deposit that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements. The maturities by fiscal year of our certificates of deposit as of June 30, 2024 are presented in the following table. $ in millions Remainder of 2024 $ 508 2025 1,743 2026 268 2027 20 2028 15 Thereafter 8 Total certificates of deposit $ 2,562 Interest expense on deposits, excluding interest expense related to affiliate deposits, is summarized in the following table. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Money market and savings accounts $ 169 $ 125 $ 484 $ 370 Interest-bearing demand deposits 247 157 742 266 Certificates of deposit 30 30 92 54 Total interest expense on deposits $ 446 $ 312 $ 1,318 $ 690 We use an interest rate swap to manage the risk of increases in interest rates associated with certain money market and savings accounts by converting the balances subject to variable interest rates to a fixed interest rate. See Note 2 of our 2023 Form 10-K for information regarding this interest rate swap, which has been designated and accounted for as a cash flow hedge.

OTHER BORROWINGS

OTHER BORROWINGS	9 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS The following table details the components of our other borrowings. June 30, 2024 September 30, 2023 $ in millions Weighted-average interest rate Maturity date Balance Weighted-average interest rate Maturity date Balance FHLB advances: Floating rate - term 5.64 % March 2025 - December 2025 $ 650 5.62 % December 2023 - March 2025 $ 850 Fixed rate 4.62 % September 2024 - December 2028 300 5.70 % December 2023 150 Total FHLB advances 950 1,000 Subordinated notes - fixed-to-floating (including an unaccreted premium of $1 and $2, respectively) 5.75 % May 2030 99 5.75 % May 2030 100 Total other borrowings $ 1,049 $ 1,100 We use interest rate swaps to manage the risk of increases in interest rates associated with the majority our floating-rate FHLB advances by converting the balances subject to variable interest rates to a fixed interest rate. See Note 2 of our 2023 Form 10-K for information regarding these interest rate swaps, which have been designated and accounted for as cash flow hedges. See Note 6 for additional information regarding bank loans and available-for-sale securities pledged with the FHLB as security for our FHLB borrowings. Subordinated notes As of June 30, 2024, we had subordinated notes due May 2030 outstanding, with an aggregate principal amount of $98 million. Our subordinated notes incur interest at a fixed rate of 5.75% until May 2025 and thereafter at a variable interest rate equal to 3-month CME Term Secured Overnight Financing Rate (“SOFR”) plus a spread adjustment of 5.62% per annum. We may redeem these subordinated notes beginning in August 2025 at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to the redemption date. Credit Facility RJF and RJ&A are parties to a revolving credit facility agreement (the “Credit Facility”), a committed unsecured line of credit under which either RJ&A or RJF have the ability to borrow. The Credit Facility has a term through April 2028 and provides for maximum borrowings of up to $750 million. The interest rates on borrowings under the Credit Facility are variable and based on SOFR, as adjusted for RJF’s credit rating. There were no borrowings outstanding on the Credit Facility as of June 30, 2024 or September 30, 2023. There is a facility fee associated with the Credit Facility, which also varies with RJF’s credit rating (the “Variable Rate Facility Fee”). Based upon RJF’s credit rating as of June 30, 2024, the Variable Rate Facility Fee, which is applied to the committed amount, was 0.125% per annum. Other In addition to the Credit Facility, we maintain various secured and unsecured lines of credit, which are generally utilized to finance certain fixed income trading instruments or for cash management purposes. Borrowings during the period were generally day-to-day and there were no borrowings outstanding on these arrangements as of June 30, 2024 or September 30, 2023. The interest rates for these arrangements are variable and are based on a daily bank quoted rate, which may reference SOFR, the federal funds rate, a lender’s prime rate, the Canadian prime rate or another commercially available rate, as applicable. For further information on our other borrowing arrangements refer to Note 16 of our 2023 Form 10-K.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax provision for interim periods is comprised of tax on ordinary income provided at the most recent estimated annual effective tax rate, adjusted for the tax effect of discrete items. We estimate the annual effective tax rate quarterly based on the forecasted pre-tax results of our U.S. and non-U.S. operations. Items unrelated to current year ordinary income are recognized entirely in the period identified as a discrete item of tax. These discrete items generally relate to changes in tax laws, adjustments to the actual liability determined upon filing tax returns, excess tax benefits related to share-based compensation and adjustments to previously recorded reserves for uncertain tax positions. For discussion of income tax accounting policies and other income tax related information, see Notes 2 and 18 of our 2023 Form 10-K. Effective tax rate Our effective income tax rate of 22.1% for the nine months ended June 30, 2024 was lower than the 23.7% effective tax rate for our fiscal year 2023. The decrease in the effective income tax rate was primarily due to a larger tax benefit recognized during the current period related to nontaxable valuation gains associated with our company-owned life insurance policies compared to that for the fiscal year 2023, as well as a change in the amount of nondeductible fines and penalties compared to fiscal year 2023. Uncertain tax positions Although management cannot predict with any degree of certainty the timing of ultimate resolution of matters under review by various taxing jurisdictions, it is reasonably possible that our uncertain tax position liability balance may decrease within the next 12 months by up to $6 million due to expiration of statutes of limitations of federal and state tax returns.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND GUARANTEES	9 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Commitments and contingencies Underwriting commitments In the normal course of business, we enter into commitments for debt and equity underwritings. As of June 30, 2024, we had no such open underwriting commitments. Lending commitments and other credit-related financial instruments We have outstanding, at any time, a significant number of commitments to extend credit and other credit-related off-balance-sheet financial instruments, such as standby letters of credit and loan purchases, which extend over varying periods of time. These arrangements are subject to strict underwriting assessments and each client’s credit worthiness is evaluated on a case-by-case basis. Fixed-rate commitments are subject to market risk resulting from fluctuations in interest rates and our exposure is limited to the replacement value of those commitments. The following table presents our commitments to extend credit and other credit-related off-balance sheet financial instruments outstanding at our Bank segment. $ in millions June 30, 2024 September 30, 2023 SBL and other consumer lines of credit $ 42,523 $ 38,791 Commercial lines of credit $ 4,436 $ 4,131 Unfunded lending commitments $ 672 $ 936 Standby letters of credit $ 106 $ 123 SBL and other consumer lines of credit primarily represent the unfunded amounts of bank loans to consumers that are primarily secured by marketable securities or other liquid collateral at advance rates consistent with industry standards. The proceeds from repayment or, if necessary, the liquidation of collateral, which is monitored daily, are expected to satisfy the amounts drawn against these existing lines of credit. These lines of credit are primarily uncommitted, as we reserve the right to not make any advances or may terminate these lines at any time. Because many of our lending commitments expire without being funded in whole or in part, the contractual amounts are not estimates of our actual future credit exposure or future liquidity requirements. The allowance for credit losses calculated under the CECL model provides for potential losses related to the unfunded lending commitments. See Note 2 of our 2023 Form 10-K and Note 7 of this Form 10-Q for additional information regarding this allowance for credit losses related to unfunded lending commitments. RJ&A enters into margin lending arrangements which allow clients to borrow against the value of qualifying securities. Margin loans are collateralized by the securities held in the client’s account at RJ&A. Collateral levels and established credit terms are monitored daily and we require clients to deposit additional collateral or reduce balances as necessary. We offer loans to prospective financial advisors for recruiting and retention purposes. See Note 2 of our 2023 Form 10-K and Note 8 of this Form 10-Q for additional information regarding our loans to financial advisors. These offers are contingent upon certain events occurring, including the individuals joining us or continuing their affiliation with us and meeting certain other conditions outlined in their offer. We had unfunded commitments of $11 million for loans to financial advisors who have met such conditions as of June 30, 2024. Investment commitments We had unfunded commitments to various investments, primarily held by Raymond James Bank and TriState Capital Bank, of $80 million as of June 30, 2024. In July 2024, we entered into an agreement to invest approximately $90 million in a renewable energy project expected to qualify for tax credits and other tax benefits. Of the total investment, $18 million was funded upon the closing of the transaction in July 2024, and we expect to fund the remaining $72 million in our fiscal 2025 upon the project satisfying certain conditions. Other commitments Raymond James Affordable Housing Investments, Inc. (“RJAHI”) sells investments in project partnerships to various LIHTC funds, which have third-party investors, and for which RJAHI serves as the managing member or general partner. RJAHI typically sells investments in project partnerships to LIHTC funds within 90 days of their acquisition. Until such investments are sold to LIHTC funds, RJAHI is responsible for funding investment commitments to such partnerships. As of June 30, 2024, RJAHI had committed approximately $145 million to project partnerships that had not yet been sold to LIHTC funds. Because we expect to sell these project partnerships to LIHTC funds and the equity funding events arise over future periods, the contractual commitments are not expected to materially impact our future liquidity requirements. RJAHI may also make short-term loans or advances to project partnerships and LIHTC funds. For information regarding our lease commitments see Note 12 of this Form 10-Q and for information on the maturities of our lease liabilities see Note 14 of our 2023 Form 10-K. Guarantees Our U.S. broker-dealer subsidiaries are required by federal law to be members of the Securities Investors Protection Corporation (“SIPC”). The SIPC fund provides protection up to $500 thousand per client for securities and cash held in client accounts, including a limitation of $250 thousand on claims for cash balances. We have purchased excess SIPC coverage through various syndicates of Lloyd’s of London. For RJ&A, our clearing broker-dealer, the additional protection currently provided has an aggregate firm limit of $750 million for cash and securities, including a sub-limit of $1.9 million per client for cash above basic SIPC. Account protection applies when a SIPC member fails financially and is unable to meet its obligations to clients. This coverage does not protect against market fluctuations. RJF has provided an indemnity to Lloyd’s of London against any and all losses they may incur associated with the excess SIPC policies. Legal and regulatory matters contingencies In the normal course of our business, we have been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with our activities as a diversified financial services institution. RJF and certain of its subsidiaries are subject to regular reviews and inspections by regulatory authorities and self-regulatory organizations. Reviews can result in the imposition of sanctions for regulatory violations, ranging from non-monetary censures to fines and, in serious cases, temporary or permanent suspension from conducting business, or limitations on certain business activities. In addition, regulatory agencies and self-regulatory organizations institute investigations from time to time, among other things, into industry practices, which can also result in the imposition of such sanctions. As previously disclosed, the firm has been cooperating with the SEC in connection with an investigation of the firm’s compliance with records preservation requirements relating to business communications sent over electronic messaging channels that have not been approved by the firm. The SEC has reportedly been conducting similar investigations of record preservation practices at other financial institutions. We have reached a settlement in principle with the SEC’s Division of Enforcement to resolve this investigation, which will include the payment of a $50 million civil monetary penalty. That amount was accrued within “Other payables” on our Condensed Consolidated Statements of Financial Condition as of June 30, 2024. The settlement is subject to review and final approval by the SEC. Refer to Note 2 of our 2023 Form 10-K for a discussion of our criteria for recognizing liabilities for contingencies. We may contest liability and/or the amount of damages, as appropriate, in each pending matter. The level of litigation and investigatory activity (both formal and informal) by government and self-regulatory agencies in the financial services industry continues to be significant. There can be no assurance that material losses will not be incurred from claims that have not yet been asserted or are not yet determined to be material. For many legal and regulatory matters, we are unable to estimate a range of reasonably possible loss as we cannot predict if, how or when such proceedings or investigations will be resolved or what the eventual settlement, fine, penalty or other relief, if any, may be. A large number of factors may contribute to this inherent unpredictability: the proceeding is in its early stages; the damages sought are unspecified, unsupported or uncertain; it is unclear whether a case brought as a class action will be allowed to proceed on that basis; the other party is seeking relief other than or in addition to compensatory damages (including, in the case of regulatory and governmental proceedings, potential fines and penalties); the matters present significant legal uncertainties; we have not engaged in settlement discussions; discovery is not complete; there are significant facts in dispute; and numerous parties are named as defendants (including where it is uncertain how liability might be shared among defendants). Subject to the foregoing, after consultation with counsel, we believe that the outcome of such litigation and regulatory proceedings will not have a material adverse effect on our consolidated financial condition. However, the outcome of such litigation and regulatory proceedings could be material to our operating results and cash flows for a particular future period, depending on, among other things, our revenues or income for such period. There are certain matters for which we are unable to estimate the upper end of the range of reasonably possible loss. With respect to legal and regulatory matters for which management has been able to estimate a range of reasonably possible loss as of June 30, 2024, we estimated the upper end of the range of reasonably possible aggregate loss to be approximately $40 million in excess of the aggregate accruals for such matters. Refer to Note 2 of our 2023 Form 10-K for a discussion of our criteria for recognizing liabilities for contingencies.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Preferred stock The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock. For further details regarding our preferred stock see Note 20 of our 2023 Form 10-K. $ in millions June 30, 2024 September 30, 2023 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”): Shares outstanding 80,500 80,500 Carrying value $ 79 $ 79 Aggregate liquidation preference $ 81 $ 81 The following table details dividends declared and dividends paid on our 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) and Series B Preferred Stock for the three and nine months ended June 30, 2024 and 2023. Dividends declared Dividends paid $ in millions, except per share amounts Total dividends Per preferred Total dividends Per preferred Three months ended June 30, 2024 Series B Preferred Stock $ 1 $ 15.94 $ 1 $ 15.94 Nine months ended June 30, 2024 Series B Preferred Stock $ 4 $ 47.82 $ 4 $ 47.82 Three months ended June 30, 2023 Series A Preferred Stock (1) $ — $ — $ 1 $ 16.88 Series B Preferred Stock 1 $ 15.94 1 $ 15.94 Total (1) $ 1 $ 2 Nine months ended June 30, 2023 Series A Preferred Stock (1) $ 2 $ 33.76 $ 3 $ 50.64 Series B Preferred Stock 3 $ 47.82 3 $ 47.82 Total (1) $ 5 $ 6 (1) On April 3, 2023, we redeemed all 40,250 outstanding shares of our Series A Preferred Stock with a carrying value of $41 million, which triggered the redemption of the related depositary shares, each representing a 1/40th interest of a share of Series A Preferred Stock, for an aggregate redemption value of $40 million. Preferred stock dividends on our Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended June 30, 2023 included dividends declared during the periods, as well as the $1 million excess of the carrying value of our Series A Preferred Stock over the redemption value, which was reported as an offset to preferred dividends and increased net income available to common shareholders. Common equity The following table presents the changes in our common shares outstanding for the three and nine months ended June 30, 2024 and 2023. Three months ended June 30, Nine months ended June 30, Shares in millions 2024 2023 2024 2023 Balance beginning of period 207.3 211.6 208.8 215.1 Repurchases of common stock under the Board of Directors’ common stock repurchase authorization (2.0) (3.3) (5.1) (8.4) Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures 0.3 0.2 1.9 1.8 Balance end of period 205.6 208.5 205.6 208.5 We issue shares from time to time during the year to satisfy obligations under certain of our share-based compensation programs, some of which may be reissued out of treasury shares. See Note 20 of this Form 10-Q and Note 23 of our 2023 Form 10-K for additional information on these programs. Share repurchases We repurchase shares of our common stock from time to time for a number of reasons, including to offset dilution, which could arise from share issuances resulting from share-based compensation programs or acquisitions. In November 2023, our Board of Directors authorized common stock repurchases of up to $1.5 billion, which replaced the previous authorization. Our share repurchases are effected primarily through regular open-market purchases, typically under a SEC Rule 10b-18 plan, the amounts and timing of which are determined primarily by our current and projected capital position, applicable legal and regulatory constraints, general market conditions and the price and trading volumes of our common stock. During the three months ended June 30, 2024, we repurchased 2.0 million shares of our common stock for $243 million at an average price of $121.98 per share under the Board of Directors’ common stock repurchase authorization. During the nine months ended June 30, 2024, we repurchased 5.1 million shares of our common stock for $600 million at an average price of $117.71 per share. As of June 30, 2024, $944 million remained available under the Board of Directors’ common stock repurchase authorization. Common stock dividends Dividends per common share declared and paid are detailed in the following table for each respective period. Three months ended June 30, Nine months ended June 30, 2024 2023 2024 2023 Dividends per common share - declared $ 0.45 $ 0.42 $ 1.35 $ 1.26 Dividends per common share - paid $ 0.45 $ 0.42 $ 1.32 $ 1.18 Our dividend payout ratio is detailed in the following table for each respective period and is computed by dividing dividends declared per common share by earnings per diluted common share. Three months ended June 30, Nine months ended June 30, 2024 2023 2024 2023 Dividend payout ratio 19.5 % 24.6 % 19.7 % 21.2 % All of the components of other comprehensive income/(loss) (“OCI”), net of tax, were attributable to RJF. The following table presents the net change in AOCI as well as the changes, and the related tax effects, of each component of AOCI. $ in millions Net investment hedges Currency translations Subtotal: net investment hedges and currency translations Available- for-sale securities Cash flow hedges Total Three months ended June 30, 2024 AOCI as of beginning of period $ 143 $ (198) $ (55) $ (698) $ 29 $ (724) OCI: OCI before reclassifications and taxes 14 (12) 2 14 4 20 Amounts reclassified from AOCI, before tax — — — — (7) (7) Pre-tax net OCI 14 (12) 2 14 (3) 13 Income tax effect (4) — (4) (3) 1 (6) OCI for the period, net of tax 10 (12) (2) 11 (2) 7 AOCI as of end of period $ 153 $ (210) $ (57) $ (687) $ 27 $ (717) Nine months ended June 30, 2024 AOCI as of beginning of period $ 143 $ (216) $ (73) $ (942) $ 44 $ (971) OCI: OCI before reclassifications and taxes 14 6 20 338 4 362 Amounts reclassified from AOCI, before tax — — — — (26) (26) Pre-tax net OCI 14 6 20 338 (22) 336 Income tax effect (4) — (4) (83) 5 (82) OCI for the period, net of tax 10 6 16 255 (17) 254 AOCI as of end of period $ 153 $ (210) $ (57) $ (687) $ 27 $ (717) Three months ended June 30, 2023 AOCI as of beginning of period $ 136 $ (206) $ (70) $ (758) $ 30 $ (798) OCI: OCI before reclassifications and taxes (22) 36 14 (102) 26 (62) Amounts reclassified from AOCI, before tax — — — — (9) (9) Pre-tax net OCI (22) 36 14 (102) 17 (71) Income tax effect 6 — 6 26 (5) 27 OCI for the period, net of tax (16) 36 20 (76) 12 (44) AOCI as of end of period $ 120 $ (170) $ (50) $ (834) $ 42 $ (842) Nine months ended June 30, 2023 AOCI as of beginning of period $ 153 $ (276) $ (123) $ (902) $ 43 $ (982) OCI: OCI before reclassifications and taxes (45) 107 62 109 21 192 Amounts reclassified from AOCI, before tax — — — — (22) (22) Pre-tax net OCI (45) 107 62 109 (1) 170 Income tax effect 12 (1) 11 (41) — (30) OCI for the period, net of tax (33) 106 73 68 (1) 140 AOCI as of end of period $ 120 $ (170) $ (50) $ (834) $ 42 $ (842) Reclassifications from AOCI to net income, excluding taxes, for the three and nine months ended June 30, 2024 and 2023 were recorded in “Interest expense” on the Condensed Consolidated Statements of Income and Comprehensive Income. Our net investment hedges and cash flow hedges relate to derivatives associated with our Bank segment. For further information about our significant accounting policies related to derivatives, see Note 2 of our 2023 Form 10-K. In addition, see Note 5 of this Form 10-Q for additional information on these derivatives.

REVENUES

REVENUES	9 Months Ended
	Jun. 30, 2024
Revenues [Abstract]
REVENUES	REVENUES The following tables present our sources of revenues by segment. For further information about our significant accounting policies related to revenue recognition see Note 2 of our 2023 Form 10-K. See Note 26 of our 2023 Form 10-K and Note 23 of this Form 10-Q for additional information on our segments. Three months ended June 30, 2024 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 1,364 $ — $ 254 $ — $ (7) $ 1,611 Brokerage revenues: Securities commissions: Mutual and other fund products 142 1 1 — — 144 Insurance and annuity products 130 — — — — 130 Equities, exchange-traded funds (“ETFs”) and fixed income products 111 33 — — (2) 142 Subtotal securities commissions 383 34 1 — (2) 416 Principal transactions (1) 26 87 — 3 — 116 Total brokerage revenues 409 121 1 3 (2) 532 Account and service fees: Mutual fund and annuity service fees 118 — 2 — — 120 RJBDP fees 347 1 — — (199) 149 Client account and other fees 66 1 3 — (11) 59 Total account and service fees 531 2 5 — (210) 328 Investment banking: Merger & acquisition and advisory — 91 — — — 91 Equity underwriting 10 33 — — — 43 Debt underwriting — 49 — — — 49 Total investment banking 10 173 — — — 183 Other: Affordable housing investments business revenues — 30 — — — 30 All other (1) 13 2 1 9 (4) 21 Total other 13 32 1 9 (4) 51 Total non-interest revenues 2,327 328 261 12 (223) 2,705 Interest income (1) 121 32 4 867 33 1,057 Total revenues 2,448 360 265 879 (190) 3,762 Interest expense (32) (30) — (461) (11) (534) Net revenues $ 2,416 $ 330 $ 265 $ 418 $ (201) $ 3,228 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Three months ended June 30, 2023 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 1,164 $ 1 $ 217 $ — $ (9) $ 1,373 Brokerage revenues: Securities commissions: Mutual and other fund products 135 1 2 — (1) 137 Insurance and annuity products 103 — — — — 103 Equities, ETFs and fixed income products 86 31 — — (1) 116 Subtotal securities commissions 324 32 2 — (2) 356 Principal transactions (1) 25 78 — 3 (1) 105 Total brokerage revenues 349 110 2 3 (3) 461 Account and service fees: Mutual fund and annuity service fees 103 — — — — 103 RJBDP fees 384 1 — — (278) 107 Client account and other fees 59 2 5 — (12) 54 Total account and service fees 546 3 5 — (290) 264 Investment banking: Merger & acquisition and advisory — 88 — — — 88 Equity underwriting 9 25 — — 1 35 Debt underwriting — 28 — — — 28 Total investment banking 9 141 — — 1 151 Other: Affordable housing investments business revenues — 21 — — — 21 All other (1) 25 — — 14 (3) 36 Total other 25 21 — 14 (3) 57 Total non-interest revenues 2,093 276 224 17 (304) 2,306 Interest income (1) 114 21 2 826 24 987 Total revenues 2,207 297 226 843 (280) 3,293 Interest expense (25) (21) — (329) (11) (386) Net revenues $ 2,182 $ 276 $ 226 $ 514 $ (291) $ 2,907 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Nine months ended June 30, 2024 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 3,838 $ 1 $ 720 $ — $ (25) $ 4,534 Brokerage revenues: Securities commissions: Mutual and other fund products 419 4 4 — (3) 424 Insurance and annuity products 382 — — — — 382 Equities, ETFs and fixed income products 313 101 — — (7) 407 Subtotal securities commissions 1,114 105 4 — (10) 1,213 Principal transactions (1) 84 278 — 7 — 369 Total brokerage revenues 1,198 383 4 7 (10) 1,582 Account and service fees: Mutual fund and annuity service fees 339 — 7 — (1) 345 RJBDP fees 1,088 4 — — (631) 461 Client account and other fees 195 4 9 — (32) 176 Total account and service fees 1,622 8 16 — (664) 982 Investment banking: Merger & acquisition and advisory — 316 — — — 316 Equity underwriting 29 82 — — — 111 Debt underwriting — 116 — — — 116 Total investment banking 29 514 — — — 543 Other: Affordable housing investments business revenues — 75 — — — 75 All other (1) 23 3 2 31 (14) 45 Total other 23 78 2 31 (14) 120 Total non-interest revenues 6,710 984 742 38 (713) 7,761 Interest income (1) 361 81 10 2,607 100 3,159 Total revenues 7,071 1,065 752 2,645 (613) 10,920 Interest expense (88) (76) — (1,362) (35) (1,561) Net revenues $ 6,983 $ 989 $ 752 $ 1,283 $ (648) $ 9,359 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Nine months ended June 30, 2023 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 3,319 $ 2 $ 620 $ — $ (24) $ 3,917 Brokerage revenues: Securities commissions: Mutual and other fund products 398 4 4 — (2) 404 Insurance and annuity products 320 — — — — 320 Equities, ETFs and fixed income products 259 96 — — (2) 353 Subtotal securities commissions 977 100 4 — (4) 1,077 Principal transactions (1) 81 274 — 11 (2) 364 Total brokerage revenues 1,058 374 4 11 (6) 1,441 Account and service fees: Mutual fund and annuity service fees 306 — 1 — (1) 306 RJBDP fees 1,200 3 — — (859) 344 Client account and other fees 175 5 15 — (34) 161 Total account and service fees 1,681 8 16 — (894) 811 Investment banking: Merger & acquisition and advisory — 277 — — — 277 Equity underwriting 27 69 — — — 96 Debt underwriting — 73 — — — 73 Total investment banking 27 419 — — — 446 Other: Affordable housing investments business revenues — 68 — — — 68 All other (1) 40 1 2 33 (11) 65 Total other 40 69 2 33 (11) 133 Total non-interest revenues 6,125 872 642 44 (935) 6,748 Interest income (1) 340 65 7 2,251 66 2,729 Total revenues 6,465 937 649 2,295 (869) 9,477 Interest expense (76) (64) — (733) (38) (911) Net revenues $ 6,389 $ 873 $ 649 $ 1,562 $ (907) $ 8,566 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. At June 30, 2024 and September 30, 2023, net receivables related to contracts with customers were $595 million and $519 million, respectively.

INTEREST INCOME AND INTEREST EX

INTEREST INCOME AND INTEREST EXPENSE	9 Months Ended
	Jun. 30, 2024
Interest Income (Expense), Operating [Abstract]
INTEREST INCOME AND INTEREST EXPENSE	INTEREST INCOME AND INTEREST EXPENSE The following table details the components of interest income and interest expense. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Interest income: Cash and cash equivalents $ 121 $ 109 $ 381 $ 239 Assets segregated for regulatory purposes and restricted cash 46 47 140 152 Trading assets — debt securities 20 13 54 40 Available-for-sale securities 55 56 167 163 Brokerage client receivables 48 42 140 124 Bank loans, net 736 698 2,197 1,954 All other 31 22 80 57 Total interest income $ 1,057 $ 987 $ 3,159 $ 2,729 Interest expense: Bank deposits $ 446 $ 312 1,318 $ 690 Trading liabilities — debt securities 11 9 33 26 Brokerage client payables 22 17 63 57 Other borrowings 7 12 23 30 Senior notes payable 23 23 69 69 All other 25 13 55 39 Total interest expense $ 534 $ 386 $ 1,561 $ 911 Net interest income $ 523 $ 601 $ 1,598 $ 1,818 Less: Bank loan provision/(benefit) for credit losses (10) 54 23 96 Net interest income after bank loan provision/(benefit) for credit losses $ 533 $ 547 $ 1,575 $ 1,722 Interest expense related to bank deposits in the preceding table excludes interest expense associated with affiliate deposits, which has been eliminated in consolidation.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION We have one share-based compensation plan, the Raymond James Financial, Inc. Amended and Restated 2012 Stock Incentive Plan (“the Plan”), for our employees, Board of Directors, and independent contractor financial advisors. We may utilize treasury shares for grants under the Plan, though we are also permitted to issue new shares. Our share-based compensation awards are primarily issued during the first quarter of each fiscal year. Our share-based compensation accounting policies are described in Note 2 of our 2023 Form 10-K. Other information related to our share-based awards is presented in Note 23 of our 2023 Form 10-K. Restricted stock units During the three and nine months ended June 30, 2024, we granted approximately 90 thousand and 1.9 million RSUs, respectively, with a weighted-average grant-date fair value of $125.42 and $108.09, respectively, compared with approximately 47 thousand and 2.1 million RSUs granted during the three and nine months ended June 30, 2023, respectively, with a weighted-average grant-date fair value of $90.86 and $116.18, respectively. For the three and nine months ended June 30, 2024, total share-based compensation amortization related to RSUs was $51 million and $191 million, respectively, compared with $50 million and $180 million for the three and nine months ended June 30, 2023, respectively. As of June 30, 2024, there were $337 million of total pre-tax compensation costs not yet recognized (net of estimated forfeitures) related to RSUs, including those granted during the nine months ended June 30, 2024. These costs are expected to be recognized over a weighted-average period of three years. Restricted stock awards Restricted stock awards (“RSAs”) were issued as a component of our total purchase consideration for TriState Capital on June 1, 2022, in accordance with the terms of the acquisition. See Note 23 of our 2023 Form 10-K for further discussion of these awards. For the three and nine months ended June 30, 2024 total share-based compensation amortization related to these RSAs was $1 million and $5 million, respectively, compared with $2 million and $7 million for the three and nine months ended June 30, 2023, respectively. As of June 30, 2024, there were $7 million of total pre-tax compensation costs not yet recognized for these RSAs. These costs are expected to be recognized over a weighted-average period of two years.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	9 Months Ended
	Jun. 30, 2024
Regulatory Capital Requirement [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS RJF, as a bank holding company and financial holding company, as well as Raymond James Bank, TriState Capital Bank, our broker-dealer subsidiaries and our trust subsidiaries are subject to capital requirements by various regulatory authorities. Capital levels of each entity are monitored to ensure compliance with our various regulatory capital requirements. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our financial results. As a bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), that has made an election to be a financial holding company, RJF is subject to supervision, examination, and regulation by the Board of Governors of the Federal Reserve System (“the Fed”). We are subject to the Fed’s capital rules which establish an integrated regulatory capital framework and implement, in the U.S., the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. We apply the standardized approach for calculating risk-weighted assets and are also subject to the market risk provisions of the Fed’s capital rules (“market risk rule”). Under these rules, minimum requirements are established for both the quantity and quality of capital held by banking organizations. RJF, Raymond James Bank, and TriState Capital Bank are required to maintain minimum leverage ratios (defined as tier 1 capital divided by adjusted average assets), as well as minimum ratios of tier 1 capital, common equity tier 1 (“CET1”), and total capital to risk-weighted assets. These capital ratios incorporate quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under the regulatory capital rules and are subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. We calculate these ratios in order to assess compliance with both regulatory requirements and internal capital policies. In order to maintain our ability to take certain capital actions, including dividends and common equity repurchases, and to make bonus payments, we must hold a capital conservation buffer above our minimum risk-based capital requirements. As of June 30, 2024, capital levels at RJF, Raymond James Bank, and TriState Capital Bank exceeded the capital conservation buffer requirements and each entity was categorized as “well-capitalized.” For further discussion of regulatory capital requirements applicable to certain of our businesses and subsidiaries, see Note 24 of our 2023 Form 10-K. To meet requirements for capital adequacy or to be categorized as “well-capitalized,” RJF must maintain minimum Tier 1 leverage, Tier 1 capital, CET1, and Total capital amounts and ratios as set forth in the following table. Actual Requirement for capital To be well-capitalized $ in millions Amount Ratio Amount Ratio Amount Ratio RJF as of June 30, 2024: Tier 1 leverage $ 10,092 12.7 % $ 3,191 4.0 % $ 3,989 5.0 % Tier 1 capital $ 10,092 22.2 % $ 2,726 6.0 % $ 3,635 8.0 % CET1 $ 10,016 22.0 % $ 2,045 4.5 % $ 2,953 6.5 % Total capital $ 10,707 23.6 % $ 3,635 8.0 % $ 4,544 10.0 % RJF as of September 30, 2023: Tier 1 leverage $ 9,321 11.9 % $ 3,123 4.0 % $ 3,904 5.0 % Tier 1 capital $ 9,321 21.4 % $ 2,613 6.0 % $ 3,484 8.0 % CET1 $ 9,245 21.2 % $ 1,960 4.5 % $ 2,831 6.5 % Total capital $ 9,934 22.8 % $ 3,484 8.0 % $ 4,355 10.0 % As of June 30, 2024, RJF’s regulatory capital increase compared with September 30, 2023 was driven by an increase in equity due to positive earnings, partially offset by share repurchases and dividends. RJF’s Tier 1 capital and Total capital ratios increased compared with September 30, 2023 resulting from the increase in regulatory capital, partially offset by an increase in risk-weighted assets. The increase in risk-weighted assets was primarily driven by increases in brokerage client receivables, other receivables, and our investments in company-owned life insurance policies. RJF’s Tier 1 leverage ratio at June 30, 2024 increased compared to September 30, 2023 due to the increase in regulatory capital, which was partially offset by higher average assets, primarily driven by increases in average bank loans, brokerage client receivables, other receivables and other assets, including investments in company-owned life insurance policies, partially offset by a decline in our available-for-sale securities portfolio. To meet the requirements for capital adequacy or to be categorized as “well-capitalized,” Raymond James Bank and TriState Capital Bank must maintain Tier 1 leverage, Tier 1 capital, CET1, and Total capital amounts and ratios as set forth in the following tables. Our intention is to maintain Raymond James Bank’s and TriState Capital Bank’s “well-capitalized” status. In the unlikely event that Raymond James Bank or TriState Capital Bank failed to maintain their “well-capitalized” status, the consequences could include a requirement to obtain a waiver from the FDIC prior to acceptance, renewal, or rollover of brokered deposits and result in higher FDIC premiums, but would not significantly impact our operations. Actual Requirement for capital To be well-capitalized $ in millions Amount Ratio Amount Ratio Amount Ratio Raymond James Bank as of June 30, 2024: Tier 1 leverage $ 3,392 8.2 % $ 1,654 4.0 % $ 2,068 5.0 % Tier 1 capital $ 3,392 14.2 % $ 1,435 6.0 % $ 1,913 8.0 % CET1 $ 3,392 14.2 % $ 1,076 4.5 % $ 1,555 6.5 % Total capital $ 3,693 15.4 % $ 1,913 8.0 % $ 2,392 10.0 % Raymond James Bank as of September 30, 2023: Tier 1 leverage $ 3,355 7.8 % $ 1,710 4.0 % $ 2,137 5.0 % Tier 1 capital $ 3,355 13.7 % $ 1,465 6.0 % $ 1,954 8.0 % CET1 $ 3,355 13.7 % $ 1,099 4.5 % $ 1,587 6.5 % Total capital $ 3,662 15.0 % $ 1,954 8.0 % $ 2,442 10.0 % TriState Capital Bank as of June 30, 2024: Tier 1 leverage $ 1,457 7.4 % $ 792 4.0 % $ 990 5.0 % Tier 1 capital $ 1,457 16.5 % $ 530 6.0 % $ 707 8.0 % CET1 $ 1,457 16.5 % $ 398 4.5 % $ 575 6.5 % Total capital $ 1,509 17.1 % $ 707 8.0 % $ 884 10.0 % TriState Capital Bank as of September 30, 2023: Tier 1 leverage $ 1,290 7.2 % $ 721 4.0 % $ 902 5.0 % Tier 1 capital $ 1,290 14.8 % $ 524 6.0 % $ 699 8.0 % CET1 $ 1,290 14.8 % $ 393 4.5 % $ 568 6.5 % Total capital $ 1,333 15.3 % $ 699 8.0 % $ 874 10.0 % Our bank subsidiaries may pay dividends to RJF without prior approval of their regulators subject to certain restrictions including retained net income and targeted regulatory capital ratios. Dividends paid to RJF from our bank subsidiaries may be limited to the extent that capital is needed to support their balance sheet growth. Certain of our broker-dealer subsidiaries are subject to the requirements of the Uniform Net Capital Rule (Rule 15c3-1) under the Securities Exchange Act of 1934. The following table presents the net capital position of RJ&A. $ in millions June 30, 2024 September 30, 2023 Raymond James & Associates, Inc. : (Alternative Method elected) Net capital as a percent of aggregate debit items 33.7 % 43.3 % Net capital $ 1,011 $ 1,035 Less: required net capital (60) (48) Excess net capital $ 951 $ 987 As of June 30, 2024, all of our other active regulated domestic and international subsidiaries were in compliance with and exceeded all applicable capital requirements.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents the computation of basic and diluted earnings per common share. Three months ended June 30, Nine months ended June 30, in millions, except per share amounts 2024 2023 2024 2023 Income for basic earnings per common share: Net income available to common shareholders $ 491 $ 369 $ 1,462 $ 1,301 Less allocation of earnings and dividends to participating securities (1) (1) (3) (4) Net income available to common shareholders after participating securities $ 490 $ 368 $ 1,459 $ 1,297 Income for diluted earnings per common share: Net income available to common shareholders $ 491 $ 369 $ 1,462 $ 1,301 Less allocation of earnings and dividends to participating securities (1) (1) (3) (4) Net income available to common shareholders after participating securities $ 490 $ 368 $ 1,459 $ 1,297 Common shares: Average common shares in basic computation 206.8 210.1 207.9 213.0 Dilutive effect of outstanding stock options and certain RSUs 5.5 4.7 5.2 5.0 Average common and common equivalent shares used in diluted computation 212.3 214.8 213.1 218.0 Earnings per common share: Basic $ 2.37 $ 1.75 $ 7.02 $ 6.09 Diluted $ 2.31 $ 1.71 $ 6.85 $ 5.95 Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive 0.1 1.8 0.1 1.4 The allocation of earnings and dividends to participating securities in the preceding table represents dividends paid during the period to participating securities, consisting of RSAs and certain RSUs, plus an allocation of undistributed earnings to such participating securities. Participating securities and related dividends paid on these participating securities were insignificant for each of the three and nine months ended June 30, 2024 and 2023. Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We currently operate through the following five segments: PCG; Capital Markets; Asset Management; Bank; and Other. The segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources. For a further discussion of our segments, see Note 26 of our 2023 Form 10-K. The following table presents information concerning operations in these segments. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net revenues: Private Client Group $ 2,416 $ 2,182 $ 6,983 $ 6,389 Capital Markets 330 276 989 873 Asset Management 265 226 752 649 Bank 418 514 1,283 1,562 Other 28 15 71 34 Intersegment eliminations (229) (306) (719) (941) Total net revenues $ 3,228 $ 2,907 $ 9,359 $ 8,566 Pre-tax income/(loss): Private Client Group $ 441 $ 411 $ 1,324 $ 1,286 Capital Markets (14) (34) (28) (84) Asset Management 112 89 305 251 Bank 115 66 282 293 Other (10) (46) — (51) Total pre-tax income $ 644 $ 486 $ 1,883 $ 1,695 No individual client accounted for more than ten percent of revenues in any of the periods presented. The following table presents our net interest income on a segment basis. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net interest income: Private Client Group $ 89 $ 89 $ 273 $ 264 Capital Markets 2 — 5 1 Asset Management 4 2 10 7 Bank 406 497 1,245 1,518 Other 22 13 65 28 Net interest income $ 523 $ 601 $ 1,598 $ 1,818 The following table presents our total assets on a segment basis. $ in millions June 30, 2024 September 30, 2023 Total assets: Private Client Group $ 13,636 $ 12,375 Capital Markets 3,266 3,087 Asset Management 596 567 Bank 60,574 60,041 Other 2,556 2,290 Total $ 80,628 $ 78,360 The following table presents goodwill, which was included in our total assets, on a segment basis. $ in millions June 30, 2024 September 30, 2023 Goodwill: Private Client Group $ 569 $ 564 Capital Markets 275 275 Asset Management 69 69 Bank 529 529 Total $ 1,442 $ 1,437 We have operations in the U.S., Canada, and Europe. The vast majority of our long-lived assets are located in the U.S. The following table presents our net revenues and pre-tax income/(loss) classified by major geographic area in which they were earned. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net revenues: U.S. $ 2,950 $ 2,652 $ 8,557 $ 7,819 Canada 154 140 448 418 Europe 124 115 354 329 Total net revenues $ 3,228 $ 2,907 $ 9,359 $ 8,566 Pre-tax income/(loss): U.S. $ 615 $ 492 $ 1,801 $ 1,625 Canada 31 17 95 84 Europe (2) (23) (13) (14) Total pre-tax income $ 644 $ 486 $ 1,883 $ 1,695 The following table presents our total assets by major geographic area in which they were held. $ in millions June 30, 2024 September 30, 2023 Total assets: U.S. $ 74,881 $ 72,506 Canada 3,274 3,404 Europe 2,473 2,450 Total $ 80,628 $ 78,360 The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held. $ in millions June 30, 2024 September 30, 2023 Goodwill: U.S. $ 1,250 $ 1,250 Canada 24 25 Europe 168 162 Total $ 1,442 $ 1,437

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Raymond James Financial, Inc.	$ 492	$ 369	$ 1,466	$ 1,305

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

UPDATE OF SIGNIFICANT ACCOUNT_2

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation
Accounting estimates and assumptions	Accounting estimates and assumptions Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) but is not required for interim reporting purposes has been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary for a fair presentation of our consolidated financial position and results of operations for the periods presented. The nature of our business is such that the results of any interim period are not necessarily indicative of results for a full year. These unaudited condensed consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and Notes thereto included in our 2023 Form 10-K. To prepare condensed consolidated financial statements in accordance with GAAP, we must make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates and could have a material impact on the condensed consolidated financial statements.
Accounting guidance adopted in fiscal 2024	Accounting guidance adopted in fiscal 2024 In March 2022, the Financial Accounting Standards Board (“FASB”) issued new guidance related to troubled debt restructurings (“TDRs”) and disclosures regarding write-offs of financing receivables (ASU 2022-02), amending guidance related to the measurement of credit losses on financial instruments (ASU 2016-13). The update eliminates the requirement to use a discounted cash flow approach to measure the allowance for credit losses for TDRs and instead allows for the use of a current expected credit loss (“CECL”) approach for all loans. Under a CECL approach, the impact of loan modifications and the subsequent performance of modified loans, including defaults, is reflected in the historical loss data used to calculate expected lifetime credit losses. In addition, the update requires new disclosures about modifications granted to borrowers experiencing financial difficulty in the form of principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, or a combination of these modifications. The update also requires new disclosures for the financial effects of these modifications and for loan performance in the twelve months following the modification, and also requires disclosure of current period gross charge-offs by year of origination. We adopted this guidance on a prospective basis as of October 1, 2023, which did not have a material impact on our financial position or results of operations. Refer to Note 7 for additional disclosures required by this guidance and changes to our accounting policies as a result of this adoption. See Note 2 of our 2023 Form 10-K for a discussion of our accounting policies related to our nonperforming assets and allowance for credit losses.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis	The following tables present assets and liabilities measured at fair value on a recurring basis. Netting adjustments represent the impact of counterparty and collateral netting on our derivative balances included on our Condensed Consolidated Statements of Financial Condition. See Note 5 for additional information. $ in millions Level 1 Level 2 Level 3 Netting Balance as of June 30, 2024 Assets at fair value on a recurring basis: Trading assets: Municipal and provincial obligations $ 1 $ 336 $ — $ — $ 337 Corporate obligations 22 649 — — 671 Government and agency obligations 32 111 — — 143 Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”) — 218 — — 218 Non-agency CMOs and ABS — 63 — — 63 Total debt securities 55 1,377 — — 1,432 Equity securities 11 3 — — 14 Brokered certificates of deposit — 13 — — 13 Other — — 13 — 13 Total trading assets 66 1,393 13 — 1,472 Available-for-sale securities (1) 946 7,584 — — 8,530 Derivative assets - interest rate 2 398 — (315) 85 All other investments: Government and agency obligations (2) 90 — — — 90 Other 112 1 29 — 142 Total all other investments 202 1 29 — 232 Other assets - client-owned fractional shares 124 — — — 124 Subtotal 1,340 9,376 42 (315) 10,443 Other investments - private equity - measured at net asset value (“NAV”) 101 Total assets at fair value on a recurring basis $ 1,340 $ 9,376 $ 42 $ (315) $ 10,544 Liabilities at fair value on a recurring basis: Trading liabilities: Municipal and provincial obligations $ 8 $ — $ — $ — $ 8 Corporate obligations — 595 — — 595 Government and agency obligations 216 6 — — 222 Agency MBS and CMOs — 23 — — 23 Total debt securities 224 624 — — 848 Equity securities 32 11 — — 43 Total trading liabilities 256 635 — — 891 Derivative liabilities: Interest rate 2 432 — (82) 352 Foreign exchange — 2 — — 2 Total derivative liabilities 2 434 — (82) 354 Other payables - repurchase liabilities related to client-owned fractional shares 124 — — — 124 Total liabilities at fair value on a recurring basis $ 382 $ 1,069 $ — $ (82) $ 1,369 $ in millions Level 1 Level 2 Level 3 Netting Balance as of September 30, 2023 Assets at fair value on a recurring basis: Trading assets: Municipal and provincial obligations $ — $ 239 $ — $ — $ 239 Corporate obligations 22 620 — — 642 Government and agency obligations 24 117 — — 141 Agency MBS, CMOs, and ABS — 35 — — 35 Non-agency CMOs and ABS — 68 — — 68 Total debt securities 46 1,079 — — 1,125 Equity securities 20 2 — — 22 Brokered certificates of deposit — 36 — — 36 Other — — 4 — 4 Total trading assets 66 1,117 4 — 1,187 Available-for-sale securities (1) 1,240 7,941 — — 9,181 Derivative assets: Interest rate 14 503 — (261) 256 Foreign exchange — 9 — — 9 Total derivative assets 14 512 — (261) 265 All other investments: Government and agency obligations (2) 71 — — — 71 Other 102 2 30 — 134 Total all other investments 173 2 30 — 205 Other assets - client-owned fractional shares 98 — — — 98 Subtotal 1,591 9,572 34 (261) 10,936 Other investments - private equity - measured at NAV 101 Total assets at fair value on a recurring basis $ 1,591 $ 9,572 $ 34 $ (261) $ 11,037 Liabilities at fair value on a recurring basis: Trading liabilities: Municipal and provincial obligations $ 10 $ — $ — $ — $ 10 Corporate obligations — 514 — — 514 Government and agency obligations 161 1 — — 162 Total debt securities 171 515 — — 686 Equity securities 30 — — — 30 Total trading liabilities 201 515 — — 716 Derivative liabilities: Interest rate 13 563 — (88) 488 Foreign exchange — 2 — — 2 Total derivative liabilities 13 565 — (88) 490 Other payables - repurchase liabilities related to client-owned fractional shares 98 — — — 98 Total liabilities at fair value on a recurring basis $ 312 $ 1,080 $ — $ (88) $ 1,304 (1) Our available-for-sale securities primarily consist of agency MBS, agency CMOs, and U.S. Treasury securities (“U.S. Treasuries”). See Note 4 for further information. (2) These assets are primarily comprised of U.S. Treasuries purchased to meet certain deposit requirements with clearing organizations.
Level 3 Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis, Roll Forward Table of Change in Balances	The following tables present the changes in fair value for Level 3 assets and liabilities measured at fair value on a recurring basis. The realized and unrealized gains and losses in the tables may include changes in fair value that were attributable to both observable and unobservable inputs. In the following tables, gains/(losses) on trading and derivative instruments are reported in “ Principal transactions Other Three months ended June 30, 2024 Level 3 instruments at fair value Financial assets Trading assets Other investments $ in millions Other All other Fair value beginning of period $ 4 $ 29 Total gains/(losses) included in earnings — — Purchases and contributions 31 — Sales and distributions (22) — Transfers: Into Level 3 — — Out of Level 3 — — Fair value end of period $ 13 $ 29 Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ (1) $ — Nine months ended June 30, 2024 Level 3 instruments at fair value Financial assets Trading assets Other investments $ in millions Other All other Fair value beginning of period $ 4 $ 30 Total gains/(losses) included in earnings — (1) Purchases and contributions 60 — Sales and distributions (51) — Transfers: Into Level 3 — — Out of Level 3 — — Fair value end of period $ 13 $ 29 Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ (1) $ — Three months ended June 30, 2023 Level 3 instruments at fair value Financial assets Financial liabilities Trading assets Other investments Derivative liabilities $ in millions Other All other Other Fair value beginning of period $ 3 $ 28 $ (4) Total gains/(losses) included in earnings (1) 1 — Purchases and contributions 19 — — Sales and distributions (12) — — Transfers: Into Level 3 — — — Out of Level 3 — — — Fair value end of period $ 9 $ 29 $ (4) Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ 1 $ 1 $ — Nine months ended June 30, 2023 Level 3 instruments at fair value Financial assets Financial liabilities Trading assets Other investments Derivative liabilities $ in millions Other All other Other Fair value beginning of period $ 1 $ 29 $ (3) Total gains/(losses) included in earnings (1) — (1) Purchases and contributions 55 — — Sales, distributions, and deconsolidations (46) — — Transfers: Into Level 3 — — — Out of Level 3 — — — Fair value end of period $ 9 $ 29 $ (4) Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period $ 1 $ — $ (1)
Net Asset Value of Recorded Value and Unfunded Commitments	The following table presents the recorded value and unfunded commitments related to our private equity investments portfolio. $ in millions Recorded value Unfunded commitment June 30, 2024 Private equity investments measured at NAV $ 101 $ 26 Private equity investments not measured at NAV 7 Total private equity investments $ 108 September 30, 2023 Private equity investments measured at NAV $ 101 $ 29 Private equity investments not measured at NAV 7 Total private equity investments $ 108
Fair Value Measurements, Nonrecurring	The following table presents assets measured at fair value on a nonrecurring basis along with the valuation techniques and significant unobservable inputs used in the valuation of the assets classified as level 3. These inputs represent those that a market participant would take into account when pricing these instruments. Weighted averages are calculated by weighting each input by the relative fair value of the related financial instrument. $ in millions Level 2 Level 3 Total fair value Valuation technique(s) Unobservable input Range June 30, 2024 Bank loans: Residential mortgage loans $ 2 $ 8 $ 10 Collateral or discounted cash flow (1) Prepayment rate 7 yrs. - 12 yrs. (10.4 yrs.) Corporate loans $ — $ 88 $ 88 Collateral or discounted cash flow (1) Recovery rate 33% - 53% (39%) Loans held for sale $ 30 $ — $ 30 N/A N/A N/A September 30, 2023 Bank loans: Residential mortgage loans $ 2 $ 8 $ 10 Collateral or discounted cash flow (1) Prepayment rate 7 yrs. - 12 yrs. (10.3 yrs.) Corporate loans $ — $ 84 $ 84 Collateral or discounted cash flow (1) Recovery rate 22% - 65% (53%) Loans held for sale $ 2 $ — $ 2 N/A N/A N/A (1) The valuation techniques used to estimate the fair values are based on collateral value less selling costs for the collateral-dependent loans and discounted cash flows for loans that are not collateral-dependent. Unobservable inputs used in the collateral valuation technique are not meaningful and unobservable inputs used in the discounted cash flow valuation technique are presented in the table.
Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value	The following table presents the estimated fair value and fair value hierarchy of financial assets and liabilities that are not recorded at fair value on the Condensed Consolidated Statements of Financial Condition at June 30, 2024 and September 30, 2023. This table excludes financial instruments that are carried at amounts which approximate fair value. See Note 4 of our 2023 Form 10-K for a discussion of our financial instruments that are not recorded at fair value. $ in millions Level 2 Level 3 Total estimated fair value Carrying amount June 30, 2024 Financial assets: Bank loans, net $ 139 $ 43,852 $ 43,991 $ 45,021 Financial liabilities: Bank deposits - certificates of deposit $ 2,557 $ — $ 2,557 $ 2,562 Other borrowings - subordinated notes payable $ 96 $ — $ 96 $ 99 Senior notes payable $ 1,760 $ — $ 1,760 $ 2,039 September 30, 2023 Financial assets: Bank loans, net $ 142 $ 42,622 $ 42,764 $ 43,679 Financial liabilities: Bank deposits - certificates of deposit $ 2,817 $ — $ 2,817 $ 2,831 Other borrowings - subordinated notes payable $ 94 $ — $ 94 $ 100 Senior notes payable $ 1,640 $ — $ 1,640 $ 2,039

AVAILABLE-FOR-SALE SECURITIES (

AVAILABLE-FOR-SALE SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2024
Debt Securities, Available-for-Sale [Abstract]
Amortized Cost and Estimated Fair Values of Available-For-Sale Securities, and Continuous Unrealized Loss Position	The following table details the amortized costs and fair values of our available-for-sale securities. See Note 3 for additional information regarding the fair value of available-for-sale securities. $ in millions Cost basis Gross Gross Fair value June 30, 2024 Agency residential MBS $ 4,344 $ — $ (471) $ 3,873 Agency commercial MBS 1,439 — (159) 1,280 Agency CMOs 1,381 — (214) 1,167 Other agency obligations 629 — (16) 613 Non-agency residential MBS 567 1 (47) 521 U.S. Treasuries 949 — (4) 945 Corporate bonds 116 1 (4) 113 Other 19 — (1) 18 Total available-for-sale securities $ 9,444 $ 2 $ (916) $ 8,530 September 30, 2023 Agency residential MBS $ 4,865 $ — $ (654) $ 4,211 Agency commercial MBS 1,464 — (211) 1,253 Agency CMOs 1,448 — (265) 1,183 Other agency obligations 710 — (31) 679 Non-agency residential MBS 527 — (64) 463 U.S. Treasuries 1,261 — (21) 1,240 Corporate bonds 140 — (6) 134 Other 18 — — 18 Total available-for-sale securities $ 10,433 $ — $ (1,252) $ 9,181
Contractual Maturities, Amortized Cost, Carrying Values, and Current Yields for Available-For-Sales Securities	The following table details the contractual maturities, amortized costs, fair values and current yields for our available-for-sale securities. Weighted-average yields are calculated on a taxable-equivalent basis based on estimated annual income divided by the average amortized cost of these securities. Since our MBS and CMO available-for-sale securities are backed by mortgages, actual maturities may differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. As a result, the weighted-average life of our available-for-sale securities portfolio, after factoring in estimated prepayments, was approximately 4.0 years as of June 30, 2024. June 30, 2024 $ in millions Within one year After one but After five but After ten years Total Agency residential MBS Amortized cost $ 1 $ 99 $ 1,804 $ 2,440 $ 4,344 Fair value $ 1 $ 97 $ 1,638 $ 2,137 $ 3,873 Weighted-average yield 1.85 % 2.52 % 1.29 % 2.04 % 1.74 % Agency commercial MBS Amortized cost $ 67 $ 911 $ 412 $ 49 $ 1,439 Fair value $ 66 $ 833 $ 342 $ 39 $ 1,280 Weighted-average yield 3.04 % 1.53 % 1.17 % 1.87 % 1.51 % Agency CMOs Amortized cost $ — $ 6 $ 36 $ 1,339 $ 1,381 Fair value $ — $ 6 $ 32 $ 1,129 $ 1,167 Weighted-average yield — % 2.34 % 1.52 % 1.73 % 1.73 % Other agency obligations Amortized cost $ 195 $ 382 $ 43 $ 9 $ 629 Fair value $ 192 $ 372 $ 40 $ 9 $ 613 Weighted-average yield 2.64 % 3.59 % 3.05 % 3.07 % 3.25 % Non-agency residential MBS Amortized cost $ — $ — $ — $ 567 $ 567 Fair value $ — $ — $ — $ 521 $ 521 Weighted-average yield — % — % — % 4.39 % 4.39 % U.S. Treasuries Amortized cost $ 763 $ 186 $ — $ — $ 949 Fair value $ 759 $ 186 $ — $ — $ 945 Weighted-average yield 3.68 % 5.23 % — % — % 3.99 % Corporate bonds Amortized cost $ 14 $ 79 $ 23 $ — $ 116 Fair value $ 14 $ 77 $ 22 $ — $ 113 Weighted-average yield 3.71 % 5.78 % 5.02 % — % 5.38 % Other Amortized cost $ — $ 5 $ 5 $ 9 $ 19 Fair value $ — $ 5 $ 4 $ 9 $ 18 Weighted-average yield — % 7.38 % 5.21 % 8.24 % 7.21 % Total available-for-sale securities Amortized cost $ 1,040 $ 1,668 $ 2,323 $ 4,413 $ 9,444 Fair value $ 1,032 $ 1,576 $ 2,078 $ 3,844 $ 8,530 Weighted-average yield 3.45 % 2.69 % 1.35 % 2.27 % 2.25 %
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following table details the gross unrealized losses and fair values of securities that were in a loss position at the reporting period end, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position. Less than 12 months 12 months or more Total $ in millions Fair value Unrealized Fair value Unrealized Fair value Unrealized June 30, 2024 Agency residential MBS $ 88 $ (1) $ 3,730 $ (470) $ 3,818 $ (471) Agency commercial MBS — — 1,277 (159) 1,277 (159) Agency CMOs 19 — 1,114 (214) 1,133 (214) Other agency obligations — — 613 (16) 613 (16) Non-agency residential MBS 30 — 421 (47) 451 (47) U.S. Treasuries — — 525 (4) 525 (4) Corporate bonds — — 78 (4) 78 (4) Other — — 9 (1) 9 (1) Total $ 137 $ (1) $ 7,767 $ (915) $ 7,904 $ (916) September 30, 2023 Agency residential MBS $ 73 $ (3) $ 4,119 $ (651) $ 4,192 $ (654) Agency commercial MBS 3 — 1,250 (211) 1,253 (211) Agency CMOs — — 1,183 (265) 1,183 (265) Other agency obligations 97 (1) 582 (30) 679 (31) Non-agency residential MBS 62 (1) 401 (63) 463 (64) U.S. Treasuries 120 — 995 (21) 1,115 (21) Corporate bonds 13 — 78 (6) 91 (6) Other 5 — 9 — 14 — Total $ 373 $ (5) $ 8,617 $ (1,247) $ 8,990 $ (1,252)

DERIVATIVE ASSETS AND DERIVAT_2

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES (Tables)	9 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP. June 30, 2024 September 30, 2023 $ in millions Derivative assets Derivative liabilities Notional amount Derivative assets Derivative liabilities Notional amount Derivatives not designated as hedging instruments Interest rate (1) $ 396 $ 434 $ 19,593 $ 509 $ 576 $ 18,270 Foreign exchange — 1 975 4 2 1,191 Other — — 1,012 — — 608 Subtotal 396 435 21,580 513 578 20,069 Derivatives designated as hedging instruments Interest rate 4 — 1,250 8 — 1,200 Foreign exchange — 1 1,203 5 — 1,172 Subtotal 4 1 2,453 13 — 2,372 Total gross fair value/notional amount 400 436 $ 24,033 526 578 $ 22,441 Offset on the Condensed Consolidated Statements of Financial Condition Counterparty netting (33) (33) (29) (29) Cash collateral netting (282) (49) (232) (59) Total amounts offset (315) (82) (261) (88) Net amounts presented on the Condensed Consolidated Statements of Financial Condition $ 85 $ 354 $ 265 $ 490 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition Financial instruments (9) — (131) — Total $ 76 $ 354 $ 134 $ 490 (1) Included to-be-announced security contracts that are accounted for as derivatives.
Schedule of Derivative Liabilities at Fair Value	The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP. June 30, 2024 September 30, 2023 $ in millions Derivative assets Derivative liabilities Notional amount Derivative assets Derivative liabilities Notional amount Derivatives not designated as hedging instruments Interest rate (1) $ 396 $ 434 $ 19,593 $ 509 $ 576 $ 18,270 Foreign exchange — 1 975 4 2 1,191 Other — — 1,012 — — 608 Subtotal 396 435 21,580 513 578 20,069 Derivatives designated as hedging instruments Interest rate 4 — 1,250 8 — 1,200 Foreign exchange — 1 1,203 5 — 1,172 Subtotal 4 1 2,453 13 — 2,372 Total gross fair value/notional amount 400 436 $ 24,033 526 578 $ 22,441 Offset on the Condensed Consolidated Statements of Financial Condition Counterparty netting (33) (33) (29) (29) Cash collateral netting (282) (49) (232) (59) Total amounts offset (315) (82) (261) (88) Net amounts presented on the Condensed Consolidated Statements of Financial Condition $ 85 $ 354 $ 265 $ 490 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition Financial instruments (9) — (131) — Total $ 76 $ 354 $ 134 $ 490 (1) Included to-be-announced security contracts that are accounted for as derivatives.
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	The following table details the gains/(losses) included in accumulated other comprehensive income/(loss) (“AOCI”), net of income taxes, on derivatives designated as hedging instruments. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 17 for additional information. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Interest rate (cash flow hedges) $ (2) $ 12 $ (17) $ (1) Foreign exchange (net investment hedges) 10 (16) 10 (33) Total gains/(losses) included in AOCI, net of taxes $ 8 $ (4) $ (7) $ (34)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table details the gains/(losses) included in accumulated other comprehensive income/(loss) (“AOCI”), net of income taxes, on derivatives designated as hedging instruments. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 17 for additional information. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Interest rate (cash flow hedges) $ (2) $ 12 $ (17) $ (1) Foreign exchange (net investment hedges) 10 (16) 10 (33) Total gains/(losses) included in AOCI, net of taxes $ 8 $ (4) $ (7) $ (34)
Amount of Gain (Loss) on Derivatives Recognized in Income	The following table details the gains/(losses) on derivatives not designated as hedging instruments recognized on the Condensed Consolidated Statements of Income and Comprehensive Income. These amounts do not include any offsetting gains/(losses) on the related hedged item. $ in millions Three months ended June 30, Nine months ended June 30, Location of gain/(loss) 2024 2023 2024 2023 Interest rate Principal transactions/other revenues $ 3 $ 6 $ 7 $ 17 Foreign exchange Other revenues $ 11 $ (20) $ 3 $ (56) Other Principal transactions $ — $ 1 $ — $ —

COLLATERALIZED AGREEMENTS AND_2

COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)	9 Months Ended
	Jun. 30, 2024
Offsetting [Abstract]
Schedule of Offsetting Transactions, Assets	For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table. Collateralized agreements Collateralized financings $ in millions Reverse repurchase agreements Securities borrowed Total Repurchase agreements Securities loaned Total June 30, 2024 Gross amounts of recognized assets/liabilities $ 311 $ 259 $ 570 $ 374 $ 780 $ 1,154 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 311 259 570 374 780 1,154 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (311) (249) (560) (374) (750) (1,124) Net amounts $ — $ 10 $ 10 $ — $ 30 $ 30 September 30, 2023 Gross amounts of recognized assets/liabilities $ 187 $ 231 $ 418 $ 157 $ 180 $ 337 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 187 231 418 157 180 337 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (187) (224) (411) (157) (173) (330) Net amounts $ — $ 7 $ 7 $ — $ 7 $ 7
Schedule of Offsetting Transactions, Liabilities	For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table. Collateralized agreements Collateralized financings $ in millions Reverse repurchase agreements Securities borrowed Total Repurchase agreements Securities loaned Total June 30, 2024 Gross amounts of recognized assets/liabilities $ 311 $ 259 $ 570 $ 374 $ 780 $ 1,154 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 311 259 570 374 780 1,154 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (311) (249) (560) (374) (750) (1,124) Net amounts $ — $ 10 $ 10 $ — $ 30 $ 30 September 30, 2023 Gross amounts of recognized assets/liabilities $ 187 $ 231 $ 418 $ 157 $ 180 $ 337 Gross amounts offset on the Condensed Consolidated Statements of Financial Condition — — — — — — Net amounts included in the Condensed Consolidated Statements of Financial Condition 187 231 418 157 180 337 Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition (187) (224) (411) (157) (173) (330) Net amounts $ — $ 7 $ 7 $ — $ 7 $ 7
Schedule of Repurchase Agreements	The following table presents our repurchase agreements and securities lending transactions accounted for as secured borrowings by type of collateral. Such secured borrowings have no stated maturity and are generally overnight and continuous. $ in millions June 30, 2024 September 30, 2023 Repurchase agreements: Government and agency obligations $ 203 $ 122 Agency MBS and agency CMOs 171 35 Total repurchase agreements $ 374 $ 157 Securities loaned: Equity securities 780 180 Total collateralized financings $ 1,154 $ 337
Schedule of Collateral	The following table presents financial instruments at fair value that we received as collateral, were not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were delivered or repledged, to satisfy one of our purposes previously described. $ in millions June 30, 2024 September 30, 2023 Collateral we received that was available to be delivered or repledged $ 3,428 $ 3,267 Collateral that we delivered or repledged $ 1,741 $ 730
Schedule of Encumbered Assets	The following table presents information about our assets that have been pledged for such purposes. $ in millions June 30, 2024 September 30, 2023 Had the right to deliver or repledge $ 1,217 $ 1,091 Did not have the right to deliver or repledge $ 65 $ 63 $ in millions June 30, 2024 September 30, 2023 Assets pledged with the FHLB or FRB: Available-for-sale securities $ 3,958 $ 3,897 Bank loans 10,784 10,166 Total assets pledged with the FHLB or FRB $ 14,742 $ 14,063

BANK LOANS, NET (Tables)

BANK LOANS, NET (Tables)	9 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the balances for held for investment loans by portfolio segment and held for sale loans. $ in millions June 30, 2024 September 30, 2023 SBL $ 15,429 $ 14,606 C&I loans 9,956 10,406 CRE loans 7,619 7,221 REIT loans 1,755 1,668 Residential mortgage loans 9,245 8,662 Tax-exempt loans 1,431 1,541 Total loans held for investment 45,435 44,104 Held for sale loans 170 145 Total loans held for sale and investment 45,605 44,249 Allowance for credit losses (456) (474) Bank loans, net (1) $ 45,149 $ 43,775 ACL as a % of total loans held for investment 1.00 % 1.07 % Accrued interest receivable on bank loans (included in “Other receivables, net”) $ 211 $ 200 (1) $ in millions June 30, 2024 September 30, 2023 Affiliated with the firm as of period-end (1) $ 1,282 $ 1,158 No longer affiliated with the firm as of period-end (2) 14 10 Total loans to financial advisors 1,296 1,168 Allowance for credit losses (38) (32) Loans to financial advisors, net $ 1,258 $ 1,136 Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”) $ 8 $ 6 Allowance for credit losses as a percent of total loans to financial advisors 2.93 % 2.74 % (1) These loans were predominantly current. (2) These loans were predominantly past due for a period of 180 days or more.
Loan Purchases and Sales	The following table presents purchases and sales of loans held for investment by portfolio segment. $ in millions C&I loans CRE loans REIT loans Residential mortgage loans Total Three months ended June 30, 2024 Purchases $ 218 $ — $ 5 $ 112 $ 335 Sales $ 159 $ — $ — $ — $ 159 Nine months ended June 30, 2024 Purchases $ 738 $ — $ 5 $ 234 $ 977 Sales $ 322 $ — $ 9 $ — $ 331 Three months ended June 30, 2023 Purchases $ 3 $ — $ — $ 94 $ 97 Sales $ 441 $ — $ — $ — $ 441 Nine months ended June 30, 2023 Purchases $ 360 $ 39 $ 24 $ 394 $ 817 Sales $ 588 $ — $ — $ — $ 588
Analysis of the Payment Status of Loans Held for Investment	The following table presents information on delinquency status of our loans held for investment. $ in millions 30-89 days and accruing 90 days or more and accruing Total past due and accruing Nonaccrual with allowance Nonaccrual with no allowance Current and accruing Total loans held for investment June 30, 2024 SBL $ 8 $ 2 $ 10 $ — $ — $ 15,419 $ 15,429 C&I loans — — — 61 — 9,895 9,956 CRE loans — — — 70 19 7,530 7,619 REIT loans — — — — — 1,755 1,755 Residential mortgage loans 6 — 6 — 8 9,231 9,245 Tax-exempt loans — — — — — 1,431 1,431 Total loans held for investment $ 14 $ 2 $ 16 $ 131 $ 27 $ 45,261 $ 45,435 September 30, 2023 SBL $ 9 $ — $ 9 $ — $ — $ 14,597 $ 14,606 C&I loans — — — 69 2 10,335 10,406 CRE loans — — — 35 13 7,173 7,221 REIT loans — — — — — 1,668 1,668 Residential mortgage loans 2 — 2 — 9 8,651 8,662 Tax-exempt loans — — — — — 1,541 1,541 Total loans held for investment $ 11 $ — $ 11 $ 104 $ 24 $ 43,965 $ 44,104
Loans Pledged as Collateral	The following table presents the amortized cost of our collateral-dependent loans and the nature of the collateral. $ in millions Nature of collateral June 30, 2024 September 30, 2023 C&I loans Commercial real estate and other business assets $ 9 $ 11 CRE loans Office, multi-family residential, healthcare, medical office, and industrial real estate $ 134 $ 47 Residential mortgage loans Single family homes $ 4 $ 5
Credit Quality of Held for Investment Loan Portfolio	The following tables present our held for investment bank loan portfolio by credit quality indicator. Loans classified as special mention, substandard or doubtful are all considered to be “criticized” loans. As of and for the nine months ended June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total SBL Risk rating: Pass $ 67 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,420 Special mention — — — — — — — — Substandard (1) 9 — — — — — — 9 Doubtful — — — — — — — — Total SBL $ 76 $ 33 $ 15 $ 77 $ 30 $ 52 $ 15,146 $ 15,429 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — C&I loans Risk rating: Pass $ 470 $ 586 $ 1,084 $ 758 $ 602 $ 3,383 $ 2,943 $ 9,826 Special mention — — 5 — 38 15 1 59 Substandard — — — — 39 20 12 71 Doubtful — — — — — — — — Total C&I loans $ 470 $ 586 $ 1,089 $ 758 $ 679 $ 3,418 $ 2,956 $ 9,956 Gross charge-offs $ — $ — $ — $ 3 $ 4 $ 30 $ — $ 37 CRE loans Risk rating: Pass $ 682 $ 1,176 $ 2,210 $ 977 $ 690 $ 1,205 $ 392 $ 7,332 Special mention — 59 27 — 38 20 — 144 Substandard — — 9 5 9 96 16 135 Doubtful — — — — — 8 — 8 Total CRE loans $ 682 $ 1,235 $ 2,246 $ 982 $ 737 $ 1,329 $ 408 $ 7,619 Gross charge offs $ — $ — $ — $ — $ — $ 8 $ — $ 8 REIT loans Risk rating: Pass $ 145 $ 232 $ 182 $ 216 $ 95 $ 250 $ 558 $ 1,678 Special mention — 12 — — — 13 52 77 Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 145 $ 244 $ 182 $ 216 $ 95 $ 263 $ 610 $ 1,755 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential mortgage loans Risk rating: Pass $ 1,028 $ 1,678 $ 2,784 $ 1,525 $ 874 $ 1,304 $ 32 $ 9,225 Special mention — — 1 — — 5 — 6 Substandard — — 3 — — 11 — 14 Doubtful — — — — — — — — Total residential mortgage loans $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Tax-exempt loans Risk rating: Pass $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 62 $ 57 $ 266 $ 153 $ 54 $ 839 $ — $ 1,431 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — (1) As of June 30, 2024, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total SBL Risk rating: Pass $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,293 $ 14,582 Special mention — — — — — — — — Substandard (1) — — — — — — 24 24 Doubtful — — — — — — — — Total SBL $ 74 $ 18 $ 83 $ 40 $ 15 $ 59 $ 14,317 $ 14,606 C&I loans Risk rating: Pass $ 672 $ 1,148 $ 1,091 $ 965 $ 1,020 $ 2,675 $ 2,564 $ 10,135 Special mention — 5 29 69 — — 4 107 Substandard — — — 62 17 65 17 161 Doubtful — — — — — 3 — 3 Total C&I loans $ 672 $ 1,153 $ 1,120 $ 1,096 $ 1,037 $ 2,743 $ 2,585 $ 10,406 CRE loans Risk rating: Pass $ 1,130 $ 2,344 $ 1,115 $ 766 $ 604 $ 845 $ 220 $ 7,024 Special mention 7 — — 14 5 55 — 81 Substandard — — 5 32 12 67 — 116 Doubtful — — — — — — — — Total CRE loans $ 1,137 $ 2,344 $ 1,120 $ 812 $ 621 $ 967 $ 220 $ 7,221 REIT loans Risk rating: Pass $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total REIT loans $ 258 $ 200 $ 214 $ 101 $ 172 $ 176 $ 547 $ 1,668 Residential mortgage loans Risk rating: Pass $ 1,765 $ 2,889 $ 1,607 $ 919 $ 433 $ 992 $ 31 $ 8,636 Special mention — — 2 — 2 5 — 9 Substandard — 2 — 1 — 14 — 17 Doubtful — — — — — — — — Total residential mortgage loans $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 Tax-exempt loans Risk rating: Pass $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total tax-exempt loans $ 147 $ 279 $ 161 $ 54 $ 97 $ 803 $ — $ 1,541 (1) As of September 30, 2023, these balances relate to loans which were collateralized by private securities or other financial instruments with a limited trading market. June 30, 2024 Loans by origination fiscal year $ in millions 2024 2023 2022 2021 2020 Prior Revolving loans Total FICO score: Below 600 $ 1 $ 7 $ 13 $ 5 $ 3 $ 15 $ — $ 44 600 - 699 43 53 111 52 45 129 3 436 700 - 799 838 1,012 1,599 806 480 652 19 5,406 800 + 145 602 1,065 660 345 520 9 3,346 FICO score not available 1 4 — 2 1 4 1 13 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 LTV ratio: Below 80% $ 757 $ 1,185 $ 2,144 $ 1,201 $ 677 $ 1,006 $ 31 $ 7,001 80%+ 271 493 644 324 197 314 1 2,244 Total $ 1,028 $ 1,678 $ 2,788 $ 1,525 $ 874 $ 1,320 $ 32 $ 9,245 September 30, 2023 Loans by origination fiscal year $ in millions 2023 2022 2021 2020 2019 Prior Revolving loans Total FICO score: Below 600 $ 7 $ 1 $ 3 $ 2 $ 3 $ 55 $ — $ 71 600 - 699 99 154 106 83 30 79 4 555 700 - 799 1,381 2,327 1,218 666 320 609 20 6,541 800 + 274 407 279 168 77 265 6 1,476 FICO score not available 4 2 3 1 5 3 1 19 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662 LTV ratio: Below 80% $ 1,244 $ 2,218 $ 1,257 $ 716 $ 323 $ 780 $ 29 $ 6,567 80%+ 521 673 352 204 112 231 2 2,095 Total $ 1,765 $ 2,891 $ 1,609 $ 920 $ 435 $ 1,011 $ 31 $ 8,662
Changes in the Allowance for Loan Losses	The following table presents changes in the allowance for credit losses on held for investment bank loans by portfolio segment. $ in millions SBL C&I loans CRE loans REIT loans Residential mortgage loans Tax-exempt loans Total Three months ended June 30, 2024 Balance at beginning of period $ 6 $ 196 $ 181 $ 19 $ 67 $ 2 $ 471 Provision/(benefit) for credit losses (1) (20) 16 1 (6) — (10) Net (charge-offs)/recoveries: Charge-offs — (6) (1) — — — (7) Recoveries — — — — 1 — 1 Net (charge-offs)/recoveries — (6) (1) — 1 — (6) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 Nine months ended June 30, 2024 Balance at beginning of period $ 7 $ 214 $ 161 $ 16 $ 74 $ 2 $ 474 Provision/(benefit) for credit losses (2) (9) 43 4 (13) — 23 Net (charge-offs)/recoveries: Charge-offs — (37) (8) — — — (45) Recoveries — 2 — — 1 — 3 Net (charge-offs)/recoveries — (35) (8) — 1 — (42) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 170 $ 197 $ 20 $ 62 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 37.3 % 43.2 % 4.4 % 13.6 % 0.4 % 100.0 % Three months ended June 30, 2023 Balance at beginning of period $ 5 $ 219 $ 100 $ 15 $ 74 $ 2 $ 415 Provision/(benefit) for credit losses — (8) 55 1 6 — 54 Net (charge-offs)/recoveries: Charge-offs — (6) (9) — — — (15) Recoveries — — — — — — — Net (charge-offs)/recoveries — (6) (9) — — — (15) Foreign exchange translation adjustment — 1 1 — — — 2 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 Nine months ended June 30, 2023 Balance at beginning of period $ 3 $ 226 $ 87 $ 21 $ 57 $ 2 $ 396 Provision/(benefit) for credit losses 2 10 66 (5) 23 — 96 Net (charge-offs)/recoveries: Charge-offs — (30) (10) — — — (40) Recoveries — — 3 — — — 3 Net (charge-offs)/recoveries — (30) (7) — — — (37) Foreign exchange translation adjustment — — 1 — — — 1 Balance at end of period $ 5 $ 206 $ 147 $ 16 $ 80 $ 2 $ 456 ACL by loan portfolio segment as a % of total ACL 1.1 % 45.3 % 32.2 % 3.5 % 17.5 % 0.4 % 100.0 %

LOANS TO FINANCIAL ADVISORS, _2

LOANS TO FINANCIAL ADVISORS, NET (Tables)	9 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the balances for held for investment loans by portfolio segment and held for sale loans. $ in millions June 30, 2024 September 30, 2023 SBL $ 15,429 $ 14,606 C&I loans 9,956 10,406 CRE loans 7,619 7,221 REIT loans 1,755 1,668 Residential mortgage loans 9,245 8,662 Tax-exempt loans 1,431 1,541 Total loans held for investment 45,435 44,104 Held for sale loans 170 145 Total loans held for sale and investment 45,605 44,249 Allowance for credit losses (456) (474) Bank loans, net (1) $ 45,149 $ 43,775 ACL as a % of total loans held for investment 1.00 % 1.07 % Accrued interest receivable on bank loans (included in “Other receivables, net”) $ 211 $ 200 (1) $ in millions June 30, 2024 September 30, 2023 Affiliated with the firm as of period-end (1) $ 1,282 $ 1,158 No longer affiliated with the firm as of period-end (2) 14 10 Total loans to financial advisors 1,296 1,168 Allowance for credit losses (38) (32) Loans to financial advisors, net $ 1,258 $ 1,136 Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”) $ 8 $ 6 Allowance for credit losses as a percent of total loans to financial advisors 2.93 % 2.74 % (1) These loans were predominantly current. (2) These loans were predominantly past due for a period of 180 days or more.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Jun. 30, 2024
Variable Interest Entities [Abstract]
VIEs Where We are the Primary Beneficiary - Aggregate Assets and Liabilities	The aggregate assets and liabilities of the VIEs we consolidate are provided in the following table. Aggregate assets and aggregate liabilities may differ from the consolidated carrying value of assets and liabilities due to the elimination of intercompany assets and liabilities held by the consolidated VIE. $ in millions Aggregate assets Aggregate liabilities June 30, 2024 LIHTC funds $ 139 $ 66 Restricted Stock Trust Fund 27 27 Total $ 166 $ 93 September 30, 2023 LIHTC funds $ 51 $ 6 Restricted Stock Trust Fund 20 20 Total $ 71 $ 26
VIEs Where We are the Primary Beneficiary - Carrying Value of Assets, Liabilities, and Equity	The following table presents information about the carrying value of the assets and liabilities of the VIEs which we consolidate and which are included on our Condensed Consolidated Statements of Financial Condition. Intercompany balances are eliminated in consolidation and are not reflected in the following table. $ in millions June 30, 2024 September 30, 2023 Assets: Cash and cash equivalents and assets segregated for regulatory purposes and restricted cash $ 15 $ 5 Other assets 124 46 Total assets $ 139 $ 51 Liabilities: Other payables $ 42 $ — Total liabilities $ 42 $ — Noncontrolling interests $ (7) $ (27)
VIEs Where We Hold a Variable Interest but We are Not the Primary Beneficiary - Aggregate Assets, Liabilities, and Exposure to Loss	The aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary, are provided in the following table. June 30, 2024 September 30, 2023 $ in millions Aggregate Aggregate Our risk Aggregate Aggregate Our risk LIHTC funds $ 8,824 $ 3,114 $ 76 $ 8,451 $ 2,964 $ 113 Private Equity Interests 2,720 852 101 2,591 655 101 Other 115 83 3 201 84 3 Total $ 11,659 $ 4,049 $ 180 $ 11,243 $ 3,703 $ 217

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Jun. 30, 2024
Prepaid Expense and Other Assets [Abstract]
Other Assets	The following table details the components of other assets as of the dates indicated. See Note 2 of our 2023 Form 10-K for a discussion of our accounting polices related to certain of these components. $ in millions June 30, 2024 September 30, 2023 Investments in company-owned life insurance policies $ 1,330 $ 1,110 Property and equipment, net 618 561 Lease right-of-use (“ROU”) assets 562 560 Prepaid expenses 236 209 Investments in FHLB and FRB stock 114 114 Client-owned fractional shares 124 98 All other 238 141 Total other assets $ 3,222 $ 2,793

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Assets and Liabilities, Lessee	The following table presents the balances related to our leases on our Condensed Consolidated Statements of Financial Condition. See Notes 2 and 14 of our 2023 Form 10-K for additional information related to our leases, including a discussion of our accounting policies. $ in millions June 30, 2024 September 30, 2023 ROU assets (included in “Other assets”) $ 562 $ 560 Lease liabilities (included in “Other payables”) $ 542 $ 539
Schedule of Lease Costs	The following table details the components of lease expense, which is included in “Occupancy and equipment” expense on our Condensed Consolidated Statements of Income and Comprehensive Income. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Lease costs $ 37 $ 35 $ 106 $ 98 Variable lease costs $ 9 $ 9 $ 28 $ 24

BANK DEPOSITS (Tables)

BANK DEPOSITS (Tables)	9 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Summary of Bank Deposits	The following table presents a summary of bank deposits, excluding affiliate deposits, as well as the weighted-average interest rates on such deposits. The calculation of the weighted-average rates was based on the actual deposit balances and rates at each respective period end. June 30, 2024 September 30, 2023 $ in millions Balance Weighted-average rate Balance Weighted-average rate Money market and savings accounts $ 30,963 2.23 % $ 32,268 1.85 % Interest-bearing demand deposits 20,411 5.00 % 18,376 4.98 % Certificates of deposit 2,562 4.70 % 2,831 4.41 % Non-interest-bearing demand deposits 465 — 724 — Total bank deposits $ 54,401 3.39 % $ 54,199 3.06 %
Bank Deposits by Insured and Uninsured	The following table details the amount of total bank deposits (which excludes affiliate deposits) that are FDIC-insured, as well as the amount that exceeded the FDIC insurance limit at each respective period end. $ in millions June 30, 2024 September 30, 2023 FDIC-insured bank deposits $ 48,167 $ 48,344 Bank deposits exceeding FDIC insurance limit (1) (2) 6,234 5,855 Total bank deposits $ 54,401 $ 54,199 FDIC-insured bank deposits as a % of total bank deposits 89 % 89 % (1) Bank deposits that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements. (2) Excluded affiliate deposits exceeding the FDIC insurance limit of $962 million and $764 million as of June 30, 2024 and September 30, 2023, respectively.
Schedule of Maturities of Certificates of Deposit that Exceeded FDIC Limit	The following table sets forth the amount of certificates of deposit that exceeded the FDIC insurance limit, categorized by the time remaining until maturity, as of June 30, 2024. $ in millions June 30, 2024 Three months or less $ 64 Over three through six months 45 Over six through twelve months 36 Over twelve months 15 Total certificates of deposit that exceeded the FDIC insurance limit (1) $ 160 (1) Total certificates of deposit that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements.
Maturities by Fiscal Year of Certificates of Deposit	The maturities by fiscal year of our certificates of deposit as of June 30, 2024 are presented in the following table. $ in millions Remainder of 2024 $ 508 2025 1,743 2026 268 2027 20 2028 15 Thereafter 8 Total certificates of deposit $ 2,562
Interest Expense on Deposits	Interest expense on deposits, excluding interest expense related to affiliate deposits, is summarized in the following table. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Money market and savings accounts $ 169 $ 125 $ 484 $ 370 Interest-bearing demand deposits 247 157 742 266 Certificates of deposit 30 30 92 54 Total interest expense on deposits $ 446 $ 312 $ 1,318 $ 690

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	9 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table details the components of our other borrowings. June 30, 2024 September 30, 2023 $ in millions Weighted-average interest rate Maturity date Balance Weighted-average interest rate Maturity date Balance FHLB advances: Floating rate - term 5.64 % March 2025 - December 2025 $ 650 5.62 % December 2023 - March 2025 $ 850 Fixed rate 4.62 % September 2024 - December 2028 300 5.70 % December 2023 150 Total FHLB advances 950 1,000 Subordinated notes - fixed-to-floating (including an unaccreted premium of $1 and $2, respectively) 5.75 % May 2030 99 5.75 % May 2030 100 Total other borrowings $ 1,049 $ 1,100

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)	9 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Summary of Off-Balance Sheet Risks	The following table presents our commitments to extend credit and other credit-related off-balance sheet financial instruments outstanding at our Bank segment. $ in millions June 30, 2024 September 30, 2023 SBL and other consumer lines of credit $ 42,523 $ 38,791 Commercial lines of credit $ 4,436 $ 4,131 Unfunded lending commitments $ 672 $ 936 Standby letters of credit $ 106 $ 123

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	9 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Stock by Class	The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock. For further details regarding our preferred stock see Note 20 of our 2023 Form 10-K. $ in millions June 30, 2024 September 30, 2023 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”): Shares outstanding 80,500 80,500 Carrying value $ 79 $ 79 Aggregate liquidation preference $ 81 $ 81
Dividends Declared and Paid	The following table details dividends declared and dividends paid on our 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) and Series B Preferred Stock for the three and nine months ended June 30, 2024 and 2023. Dividends declared Dividends paid $ in millions, except per share amounts Total dividends Per preferred Total dividends Per preferred Three months ended June 30, 2024 Series B Preferred Stock $ 1 $ 15.94 $ 1 $ 15.94 Nine months ended June 30, 2024 Series B Preferred Stock $ 4 $ 47.82 $ 4 $ 47.82 Three months ended June 30, 2023 Series A Preferred Stock (1) $ — $ — $ 1 $ 16.88 Series B Preferred Stock 1 $ 15.94 1 $ 15.94 Total (1) $ 1 $ 2 Nine months ended June 30, 2023 Series A Preferred Stock (1) $ 2 $ 33.76 $ 3 $ 50.64 Series B Preferred Stock 3 $ 47.82 3 $ 47.82 Total (1) $ 5 $ 6 (1) On April 3, 2023, we redeemed all 40,250 outstanding shares of our Series A Preferred Stock with a carrying value of $41 million, which triggered the redemption of the related depositary shares, each representing a 1/40th interest of a share of Series A Preferred Stock, for an aggregate redemption value of $40 million. Preferred stock dividends on our Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended June 30, 2023 included dividends declared during the periods, as well as the $1 million excess of the carrying value of our Series A Preferred Stock over the redemption value, which was reported as an offset to preferred dividends and increased net income available to common shareholders. Dividends per common share declared and paid are detailed in the following table for each respective period. Three months ended June 30, Nine months ended June 30, 2024 2023 2024 2023 Dividends per common share - declared $ 0.45 $ 0.42 $ 1.35 $ 1.26 Dividends per common share - paid $ 0.45 $ 0.42 $ 1.32 $ 1.18 Our dividend payout ratio is detailed in the following table for each respective period and is computed by dividing dividends declared per common share by earnings per diluted common share. Three months ended June 30, Nine months ended June 30, 2024 2023 2024 2023 Dividend payout ratio 19.5 % 24.6 % 19.7 % 21.2 %
Schedule of Common Stock Outstanding Roll Forward	The following table presents the changes in our common shares outstanding for the three and nine months ended June 30, 2024 and 2023. Three months ended June 30, Nine months ended June 30, Shares in millions 2024 2023 2024 2023 Balance beginning of period 207.3 211.6 208.8 215.1 Repurchases of common stock under the Board of Directors’ common stock repurchase authorization (2.0) (3.3) (5.1) (8.4) Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures 0.3 0.2 1.9 1.8 Balance end of period 205.6 208.5 205.6 208.5
Schedule of AOCI	The following table presents the net change in AOCI as well as the changes, and the related tax effects, of each component of AOCI. $ in millions Net investment hedges Currency translations Subtotal: net investment hedges and currency translations Available- for-sale securities Cash flow hedges Total Three months ended June 30, 2024 AOCI as of beginning of period $ 143 $ (198) $ (55) $ (698) $ 29 $ (724) OCI: OCI before reclassifications and taxes 14 (12) 2 14 4 20 Amounts reclassified from AOCI, before tax — — — — (7) (7) Pre-tax net OCI 14 (12) 2 14 (3) 13 Income tax effect (4) — (4) (3) 1 (6) OCI for the period, net of tax 10 (12) (2) 11 (2) 7 AOCI as of end of period $ 153 $ (210) $ (57) $ (687) $ 27 $ (717) Nine months ended June 30, 2024 AOCI as of beginning of period $ 143 $ (216) $ (73) $ (942) $ 44 $ (971) OCI: OCI before reclassifications and taxes 14 6 20 338 4 362 Amounts reclassified from AOCI, before tax — — — — (26) (26) Pre-tax net OCI 14 6 20 338 (22) 336 Income tax effect (4) — (4) (83) 5 (82) OCI for the period, net of tax 10 6 16 255 (17) 254 AOCI as of end of period $ 153 $ (210) $ (57) $ (687) $ 27 $ (717) Three months ended June 30, 2023 AOCI as of beginning of period $ 136 $ (206) $ (70) $ (758) $ 30 $ (798) OCI: OCI before reclassifications and taxes (22) 36 14 (102) 26 (62) Amounts reclassified from AOCI, before tax — — — — (9) (9) Pre-tax net OCI (22) 36 14 (102) 17 (71) Income tax effect 6 — 6 26 (5) 27 OCI for the period, net of tax (16) 36 20 (76) 12 (44) AOCI as of end of period $ 120 $ (170) $ (50) $ (834) $ 42 $ (842) Nine months ended June 30, 2023 AOCI as of beginning of period $ 153 $ (276) $ (123) $ (902) $ 43 $ (982) OCI: OCI before reclassifications and taxes (45) 107 62 109 21 192 Amounts reclassified from AOCI, before tax — — — — (22) (22) Pre-tax net OCI (45) 107 62 109 (1) 170 Income tax effect 12 (1) 11 (41) — (30) OCI for the period, net of tax (33) 106 73 68 (1) 140 AOCI as of end of period $ 120 $ (170) $ (50) $ (834) $ 42 $ (842)

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Jun. 30, 2024
Revenues [Abstract]
Disaggregation of Revenue	The following tables present our sources of revenues by segment. For further information about our significant accounting policies related to revenue recognition see Note 2 of our 2023 Form 10-K. See Note 26 of our 2023 Form 10-K and Note 23 of this Form 10-Q for additional information on our segments. Three months ended June 30, 2024 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 1,364 $ — $ 254 $ — $ (7) $ 1,611 Brokerage revenues: Securities commissions: Mutual and other fund products 142 1 1 — — 144 Insurance and annuity products 130 — — — — 130 Equities, exchange-traded funds (“ETFs”) and fixed income products 111 33 — — (2) 142 Subtotal securities commissions 383 34 1 — (2) 416 Principal transactions (1) 26 87 — 3 — 116 Total brokerage revenues 409 121 1 3 (2) 532 Account and service fees: Mutual fund and annuity service fees 118 — 2 — — 120 RJBDP fees 347 1 — — (199) 149 Client account and other fees 66 1 3 — (11) 59 Total account and service fees 531 2 5 — (210) 328 Investment banking: Merger & acquisition and advisory — 91 — — — 91 Equity underwriting 10 33 — — — 43 Debt underwriting — 49 — — — 49 Total investment banking 10 173 — — — 183 Other: Affordable housing investments business revenues — 30 — — — 30 All other (1) 13 2 1 9 (4) 21 Total other 13 32 1 9 (4) 51 Total non-interest revenues 2,327 328 261 12 (223) 2,705 Interest income (1) 121 32 4 867 33 1,057 Total revenues 2,448 360 265 879 (190) 3,762 Interest expense (32) (30) — (461) (11) (534) Net revenues $ 2,416 $ 330 $ 265 $ 418 $ (201) $ 3,228 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Three months ended June 30, 2023 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 1,164 $ 1 $ 217 $ — $ (9) $ 1,373 Brokerage revenues: Securities commissions: Mutual and other fund products 135 1 2 — (1) 137 Insurance and annuity products 103 — — — — 103 Equities, ETFs and fixed income products 86 31 — — (1) 116 Subtotal securities commissions 324 32 2 — (2) 356 Principal transactions (1) 25 78 — 3 (1) 105 Total brokerage revenues 349 110 2 3 (3) 461 Account and service fees: Mutual fund and annuity service fees 103 — — — — 103 RJBDP fees 384 1 — — (278) 107 Client account and other fees 59 2 5 — (12) 54 Total account and service fees 546 3 5 — (290) 264 Investment banking: Merger & acquisition and advisory — 88 — — — 88 Equity underwriting 9 25 — — 1 35 Debt underwriting — 28 — — — 28 Total investment banking 9 141 — — 1 151 Other: Affordable housing investments business revenues — 21 — — — 21 All other (1) 25 — — 14 (3) 36 Total other 25 21 — 14 (3) 57 Total non-interest revenues 2,093 276 224 17 (304) 2,306 Interest income (1) 114 21 2 826 24 987 Total revenues 2,207 297 226 843 (280) 3,293 Interest expense (25) (21) — (329) (11) (386) Net revenues $ 2,182 $ 276 $ 226 $ 514 $ (291) $ 2,907 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Nine months ended June 30, 2024 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 3,838 $ 1 $ 720 $ — $ (25) $ 4,534 Brokerage revenues: Securities commissions: Mutual and other fund products 419 4 4 — (3) 424 Insurance and annuity products 382 — — — — 382 Equities, ETFs and fixed income products 313 101 — — (7) 407 Subtotal securities commissions 1,114 105 4 — (10) 1,213 Principal transactions (1) 84 278 — 7 — 369 Total brokerage revenues 1,198 383 4 7 (10) 1,582 Account and service fees: Mutual fund and annuity service fees 339 — 7 — (1) 345 RJBDP fees 1,088 4 — — (631) 461 Client account and other fees 195 4 9 — (32) 176 Total account and service fees 1,622 8 16 — (664) 982 Investment banking: Merger & acquisition and advisory — 316 — — — 316 Equity underwriting 29 82 — — — 111 Debt underwriting — 116 — — — 116 Total investment banking 29 514 — — — 543 Other: Affordable housing investments business revenues — 75 — — — 75 All other (1) 23 3 2 31 (14) 45 Total other 23 78 2 31 (14) 120 Total non-interest revenues 6,710 984 742 38 (713) 7,761 Interest income (1) 361 81 10 2,607 100 3,159 Total revenues 7,071 1,065 752 2,645 (613) 10,920 Interest expense (88) (76) — (1,362) (35) (1,561) Net revenues $ 6,983 $ 989 $ 752 $ 1,283 $ (648) $ 9,359 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers. Nine months ended June 30, 2023 $ in millions Private Client Group Capital Markets Asset Management Bank Other and intersegment eliminations Total Revenues: Asset management and related administrative fees $ 3,319 $ 2 $ 620 $ — $ (24) $ 3,917 Brokerage revenues: Securities commissions: Mutual and other fund products 398 4 4 — (2) 404 Insurance and annuity products 320 — — — — 320 Equities, ETFs and fixed income products 259 96 — — (2) 353 Subtotal securities commissions 977 100 4 — (4) 1,077 Principal transactions (1) 81 274 — 11 (2) 364 Total brokerage revenues 1,058 374 4 11 (6) 1,441 Account and service fees: Mutual fund and annuity service fees 306 — 1 — (1) 306 RJBDP fees 1,200 3 — — (859) 344 Client account and other fees 175 5 15 — (34) 161 Total account and service fees 1,681 8 16 — (894) 811 Investment banking: Merger & acquisition and advisory — 277 — — — 277 Equity underwriting 27 69 — — — 96 Debt underwriting — 73 — — — 73 Total investment banking 27 419 — — — 446 Other: Affordable housing investments business revenues — 68 — — — 68 All other (1) 40 1 2 33 (11) 65 Total other 40 69 2 33 (11) 133 Total non-interest revenues 6,125 872 642 44 (935) 6,748 Interest income (1) 340 65 7 2,251 66 2,729 Total revenues 6,465 937 649 2,295 (869) 9,477 Interest expense (76) (64) — (733) (38) (911) Net revenues $ 6,389 $ 873 $ 649 $ 1,562 $ (907) $ 8,566 (1) These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.

INTEREST INCOME AND INTEREST _2

INTEREST INCOME AND INTEREST EXPENSE (Tables)	9 Months Ended
	Jun. 30, 2024
Interest Income (Expense), Operating [Abstract]
Interest Income and Interest Expense	The following table details the components of interest income and interest expense. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Interest income: Cash and cash equivalents $ 121 $ 109 $ 381 $ 239 Assets segregated for regulatory purposes and restricted cash 46 47 140 152 Trading assets — debt securities 20 13 54 40 Available-for-sale securities 55 56 167 163 Brokerage client receivables 48 42 140 124 Bank loans, net 736 698 2,197 1,954 All other 31 22 80 57 Total interest income $ 1,057 $ 987 $ 3,159 $ 2,729 Interest expense: Bank deposits $ 446 $ 312 1,318 $ 690 Trading liabilities — debt securities 11 9 33 26 Brokerage client payables 22 17 63 57 Other borrowings 7 12 23 30 Senior notes payable 23 23 69 69 All other 25 13 55 39 Total interest expense $ 534 $ 386 $ 1,561 $ 911 Net interest income $ 523 $ 601 $ 1,598 $ 1,818 Less: Bank loan provision/(benefit) for credit losses (10) 54 23 96 Net interest income after bank loan provision/(benefit) for credit losses $ 533 $ 547 $ 1,575 $ 1,722

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	9 Months Ended
	Jun. 30, 2024
Raymond James Financial Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Summary of Minimum Requirements Under Regulatory Framework	To meet requirements for capital adequacy or to be categorized as “well-capitalized,” RJF must maintain minimum Tier 1 leverage, Tier 1 capital, CET1, and Total capital amounts and ratios as set forth in the following table. Actual Requirement for capital To be well-capitalized $ in millions Amount Ratio Amount Ratio Amount Ratio RJF as of June 30, 2024: Tier 1 leverage $ 10,092 12.7 % $ 3,191 4.0 % $ 3,989 5.0 % Tier 1 capital $ 10,092 22.2 % $ 2,726 6.0 % $ 3,635 8.0 % CET1 $ 10,016 22.0 % $ 2,045 4.5 % $ 2,953 6.5 % Total capital $ 10,707 23.6 % $ 3,635 8.0 % $ 4,544 10.0 % RJF as of September 30, 2023: Tier 1 leverage $ 9,321 11.9 % $ 3,123 4.0 % $ 3,904 5.0 % Tier 1 capital $ 9,321 21.4 % $ 2,613 6.0 % $ 3,484 8.0 % CET1 $ 9,245 21.2 % $ 1,960 4.5 % $ 2,831 6.5 % Total capital $ 9,934 22.8 % $ 3,484 8.0 % $ 4,355 10.0 %
Raymond James Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Summary of Minimum Requirements Under Regulatory Framework	To meet the requirements for capital adequacy or to be categorized as “well-capitalized,” Raymond James Bank and TriState Capital Bank must maintain Tier 1 leverage, Tier 1 capital, CET1, and Total capital amounts and ratios as set forth in the following tables. Our intention is to maintain Raymond James Bank’s and TriState Capital Bank’s “well-capitalized” status. In the unlikely event that Raymond James Bank or TriState Capital Bank failed to maintain their “well-capitalized” status, the consequences could include a requirement to obtain a waiver from the FDIC prior to acceptance, renewal, or rollover of brokered deposits and result in higher FDIC premiums, but would not significantly impact our operations. Actual Requirement for capital To be well-capitalized $ in millions Amount Ratio Amount Ratio Amount Ratio Raymond James Bank as of June 30, 2024: Tier 1 leverage $ 3,392 8.2 % $ 1,654 4.0 % $ 2,068 5.0 % Tier 1 capital $ 3,392 14.2 % $ 1,435 6.0 % $ 1,913 8.0 % CET1 $ 3,392 14.2 % $ 1,076 4.5 % $ 1,555 6.5 % Total capital $ 3,693 15.4 % $ 1,913 8.0 % $ 2,392 10.0 % Raymond James Bank as of September 30, 2023: Tier 1 leverage $ 3,355 7.8 % $ 1,710 4.0 % $ 2,137 5.0 % Tier 1 capital $ 3,355 13.7 % $ 1,465 6.0 % $ 1,954 8.0 % CET1 $ 3,355 13.7 % $ 1,099 4.5 % $ 1,587 6.5 % Total capital $ 3,662 15.0 % $ 1,954 8.0 % $ 2,442 10.0 % TriState Capital Bank as of June 30, 2024: Tier 1 leverage $ 1,457 7.4 % $ 792 4.0 % $ 990 5.0 % Tier 1 capital $ 1,457 16.5 % $ 530 6.0 % $ 707 8.0 % CET1 $ 1,457 16.5 % $ 398 4.5 % $ 575 6.5 % Total capital $ 1,509 17.1 % $ 707 8.0 % $ 884 10.0 % TriState Capital Bank as of September 30, 2023: Tier 1 leverage $ 1,290 7.2 % $ 721 4.0 % $ 902 5.0 % Tier 1 capital $ 1,290 14.8 % $ 524 6.0 % $ 699 8.0 % CET1 $ 1,290 14.8 % $ 393 4.5 % $ 568 6.5 % Total capital $ 1,333 15.3 % $ 699 8.0 % $ 874 10.0 %
Raymond James & Associates Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net Capital and Risk Adjusted Capital Positions of Certain Businesses and Subsidiaries	The following table presents the net capital position of RJ&A. $ in millions June 30, 2024 September 30, 2023 Raymond James & Associates, Inc. : (Alternative Method elected) Net capital as a percent of aggregate debit items 33.7 % 43.3 % Net capital $ 1,011 $ 1,035 Less: required net capital (60) (48) Excess net capital $ 951 $ 987

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table presents the computation of basic and diluted earnings per common share. Three months ended June 30, Nine months ended June 30, in millions, except per share amounts 2024 2023 2024 2023 Income for basic earnings per common share: Net income available to common shareholders $ 491 $ 369 $ 1,462 $ 1,301 Less allocation of earnings and dividends to participating securities (1) (1) (3) (4) Net income available to common shareholders after participating securities $ 490 $ 368 $ 1,459 $ 1,297 Income for diluted earnings per common share: Net income available to common shareholders $ 491 $ 369 $ 1,462 $ 1,301 Less allocation of earnings and dividends to participating securities (1) (1) (3) (4) Net income available to common shareholders after participating securities $ 490 $ 368 $ 1,459 $ 1,297 Common shares: Average common shares in basic computation 206.8 210.1 207.9 213.0 Dilutive effect of outstanding stock options and certain RSUs 5.5 4.7 5.2 5.0 Average common and common equivalent shares used in diluted computation 212.3 214.8 213.1 218.0 Earnings per common share: Basic $ 2.37 $ 1.75 $ 7.02 $ 6.09 Diluted $ 2.31 $ 1.71 $ 6.85 $ 5.95 Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive 0.1 1.8 0.1 1.4

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following table presents information concerning operations in these segments. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net revenues: Private Client Group $ 2,416 $ 2,182 $ 6,983 $ 6,389 Capital Markets 330 276 989 873 Asset Management 265 226 752 649 Bank 418 514 1,283 1,562 Other 28 15 71 34 Intersegment eliminations (229) (306) (719) (941) Total net revenues $ 3,228 $ 2,907 $ 9,359 $ 8,566 Pre-tax income/(loss): Private Client Group $ 441 $ 411 $ 1,324 $ 1,286 Capital Markets (14) (34) (28) (84) Asset Management 112 89 305 251 Bank 115 66 282 293 Other (10) (46) — (51) Total pre-tax income $ 644 $ 486 $ 1,883 $ 1,695
Reconciliation of Net Income (Loss) from Segments to Consolidated	The following table presents information concerning operations in these segments. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net revenues: Private Client Group $ 2,416 $ 2,182 $ 6,983 $ 6,389 Capital Markets 330 276 989 873 Asset Management 265 226 752 649 Bank 418 514 1,283 1,562 Other 28 15 71 34 Intersegment eliminations (229) (306) (719) (941) Total net revenues $ 3,228 $ 2,907 $ 9,359 $ 8,566 Pre-tax income/(loss): Private Client Group $ 441 $ 411 $ 1,324 $ 1,286 Capital Markets (14) (34) (28) (84) Asset Management 112 89 305 251 Bank 115 66 282 293 Other (10) (46) — (51) Total pre-tax income $ 644 $ 486 $ 1,883 $ 1,695
Reconciliation of Other Significant Items from Segments to Consolidated	The following table presents our net interest income on a segment basis. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net interest income: Private Client Group $ 89 $ 89 $ 273 $ 264 Capital Markets 2 — 5 1 Asset Management 4 2 10 7 Bank 406 497 1,245 1,518 Other 22 13 65 28 Net interest income $ 523 $ 601 $ 1,598 $ 1,818 The following table presents goodwill, which was included in our total assets, on a segment basis. $ in millions June 30, 2024 September 30, 2023 Goodwill: Private Client Group $ 569 $ 564 Capital Markets 275 275 Asset Management 69 69 Bank 529 529 Total $ 1,442 $ 1,437
Reconciliation of Total Assets from Segment to Consolidated	The following table presents our total assets on a segment basis. $ in millions June 30, 2024 September 30, 2023 Total assets: Private Client Group $ 13,636 $ 12,375 Capital Markets 3,266 3,087 Asset Management 596 567 Bank 60,574 60,041 Other 2,556 2,290 Total $ 80,628 $ 78,360
Revenues, Income Before Provision for Income Taxes and Excluding Noncontrolling Interests, and Total Assets, Classified by Major Geographic Areas	The following table presents our net revenues and pre-tax income/(loss) classified by major geographic area in which they were earned. Three months ended June 30, Nine months ended June 30, $ in millions 2024 2023 2024 2023 Net revenues: U.S. $ 2,950 $ 2,652 $ 8,557 $ 7,819 Canada 154 140 448 418 Europe 124 115 354 329 Total net revenues $ 3,228 $ 2,907 $ 9,359 $ 8,566 Pre-tax income/(loss): U.S. $ 615 $ 492 $ 1,801 $ 1,625 Canada 31 17 95 84 Europe (2) (23) (13) (14) Total pre-tax income $ 644 $ 486 $ 1,883 $ 1,695 The following table presents our total assets by major geographic area in which they were held. $ in millions June 30, 2024 September 30, 2023 Total assets: U.S. $ 74,881 $ 72,506 Canada 3,274 3,404 Europe 2,473 2,450 Total $ 80,628 $ 78,360
Long-lived Assets by Geographic Areas	The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held. $ in millions June 30, 2024 September 30, 2023 Goodwill: U.S. $ 1,250 $ 1,250 Canada 24 25 Europe 168 162 Total $ 1,442 $ 1,437

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details)	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percent ownership of subsidiaries that are consolidated (as a percent)	100%

FAIR VALUE, Recurring and Nonre

FAIR VALUE, Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Assets at fair value on a recurring basis:
Available-for-sale securities	$ 8,530	$ 9,181
Total derivative assets	400	526
Total derivative assets	(315)	(261)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	85	265
Liabilities at fair value on a recurring basis:
Derivative liabilities	436	578
Total amounts offset	(82)	(88)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	354	490
Recurring
Assets at fair value on a recurring basis:
Total debt securities	1,432	1,125
Equity securities	14	22
Brokered certificates of deposit	13	36
Other	13	4
Total trading assets	1,472	1,187
Available-for-sale securities	8,530	9,181
Total derivative assets		(261)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition		265
Total all other investments	232	205
Other assets - client-owned fractional shares	124	98
Total assets at fair value on a recurring basis	10,544	11,037
Netting adjustments	(315)	(261)
Other investments - private equity - measured at net asset value (“NAV”)	101	101
Liabilities at fair value on a recurring basis:
Total debt securities	848	686
Equity securities	43	30
Total trading liabilities	891	716
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	354	490
Netting adjustments	(82)	(88)
Other payables - repurchase liabilities related to client-owned fractional shares	124	98
Total liabilities at fair value on a recurring basis	1,369	1,304
Recurring | Interest rate
Assets at fair value on a recurring basis:
Total derivative assets	(315)	(261)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	85	256
Liabilities at fair value on a recurring basis:
Total amounts offset	(82)	(88)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	352	488
Recurring | Foreign exchange
Assets at fair value on a recurring basis:
Net amounts presented on the Condensed Consolidated Statements of Financial Condition		9
Liabilities at fair value on a recurring basis:
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	2	2
Recurring | Municipal and provincial obligations
Liabilities at fair value on a recurring basis:
Total debt securities	8	10
Recurring | Corporate obligations
Liabilities at fair value on a recurring basis:
Total debt securities	595	514
Recurring | Government and agency obligations
Liabilities at fair value on a recurring basis:
Total debt securities	222	162
Recurring | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Liabilities at fair value on a recurring basis:
Total debt securities	23
Recurring | Municipal and provincial obligations
Assets at fair value on a recurring basis:
Total debt securities	337	239
Recurring | Corporate obligations
Assets at fair value on a recurring basis:
Total debt securities	671	642
Recurring | Government and agency obligations
Assets at fair value on a recurring basis:
Total debt securities	143	141
Total all other investments	90	71
Recurring | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Assets at fair value on a recurring basis:
Total debt securities	218	35
Recurring | Non-agency CMOs and ABS
Assets at fair value on a recurring basis:
Total debt securities	63	68
Recurring | Other
Assets at fair value on a recurring basis:
Total all other investments	142	134
Recurring | Assets at Fair Value on a Recurring Basis, Before Investments Measured at NAV
Assets at fair value on a recurring basis:
Total assets at fair value on a recurring basis	10,443	10,936
Recurring | Level 1
Assets at fair value on a recurring basis:
Total debt securities	55	46
Equity securities	11	20
Brokered certificates of deposit	0	0
Other	0	0
Total trading assets	66	66
Available-for-sale securities	946	1,240
Total derivative assets		14
Total all other investments	202	173
Other assets - client-owned fractional shares	124	98
Total assets at fair value on a recurring basis	1,340	1,591
Liabilities at fair value on a recurring basis:
Total debt securities	224	171
Equity securities	32	30
Total trading liabilities	256	201
Derivative contracts liability, gross	2	13
Other payables - repurchase liabilities related to client-owned fractional shares	124	98
Total liabilities at fair value on a recurring basis	382	312
Recurring | Level 1 | Interest rate
Assets at fair value on a recurring basis:
Total derivative assets	2	14
Liabilities at fair value on a recurring basis:
Derivative liabilities	2	13
Recurring | Level 1 | Foreign exchange
Assets at fair value on a recurring basis:
Total derivative assets		0
Liabilities at fair value on a recurring basis:
Derivative liabilities		0
Derivative contracts liability, gross	0
Recurring | Level 1 | Municipal and provincial obligations
Liabilities at fair value on a recurring basis:
Total debt securities	8	10
Recurring | Level 1 | Corporate obligations
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 1 | Government and agency obligations
Liabilities at fair value on a recurring basis:
Total debt securities	216	161
Recurring | Level 1 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Liabilities at fair value on a recurring basis:
Total debt securities	0
Recurring | Level 1 | Municipal and provincial obligations
Assets at fair value on a recurring basis:
Total debt securities	1	0
Recurring | Level 1 | Corporate obligations
Assets at fair value on a recurring basis:
Total debt securities	22	22
Recurring | Level 1 | Government and agency obligations
Assets at fair value on a recurring basis:
Total debt securities	32	24
Total all other investments	90	71
Recurring | Level 1 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 1 | Non-agency CMOs and ABS
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 1 | Other
Assets at fair value on a recurring basis:
Total all other investments	112	102
Recurring | Level 2
Assets at fair value on a recurring basis:
Total debt securities	1,377	1,079
Equity securities	3	2
Brokered certificates of deposit	13	36
Other	0	0
Total trading assets	1,393	1,117
Available-for-sale securities	7,584	7,941
Total derivative assets		512
Total all other investments	1	2
Other assets - client-owned fractional shares	0	0
Total assets at fair value on a recurring basis	9,376	9,572
Liabilities at fair value on a recurring basis:
Total debt securities	624	515
Equity securities	11	0
Total trading liabilities	635	515
Derivative contracts liability, gross	434	565
Other payables - repurchase liabilities related to client-owned fractional shares	0	0
Total liabilities at fair value on a recurring basis	1,069	1,080
Recurring | Level 2 | Interest rate
Assets at fair value on a recurring basis:
Total derivative assets	398	503
Liabilities at fair value on a recurring basis:
Derivative liabilities	432	563
Recurring | Level 2 | Foreign exchange
Assets at fair value on a recurring basis:
Total derivative assets		9
Liabilities at fair value on a recurring basis:
Derivative liabilities	2	2
Recurring | Level 2 | Municipal and provincial obligations
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 2 | Corporate obligations
Liabilities at fair value on a recurring basis:
Total debt securities	595	514
Recurring | Level 2 | Government and agency obligations
Liabilities at fair value on a recurring basis:
Total debt securities	6	1
Recurring | Level 2 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Liabilities at fair value on a recurring basis:
Total debt securities	23
Recurring | Level 2 | Municipal and provincial obligations
Assets at fair value on a recurring basis:
Total debt securities	336	239
Recurring | Level 2 | Corporate obligations
Assets at fair value on a recurring basis:
Total debt securities	649	620
Recurring | Level 2 | Government and agency obligations
Assets at fair value on a recurring basis:
Total debt securities	111	117
Total all other investments	0	0
Recurring | Level 2 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Assets at fair value on a recurring basis:
Total debt securities	218	35
Recurring | Level 2 | Non-agency CMOs and ABS
Assets at fair value on a recurring basis:
Total debt securities	63	68
Recurring | Level 2 | Other
Assets at fair value on a recurring basis:
Total all other investments	1	2
Recurring | Level 3
Assets at fair value on a recurring basis:
Total debt securities	0	0
Equity securities	0	0
Brokered certificates of deposit	0	0
Other	13	4
Total trading assets	13	4
Available-for-sale securities	0	0
Total derivative assets		0
Total all other investments	29	30
Other assets - client-owned fractional shares	0	0
Total assets at fair value on a recurring basis	42	34
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Equity securities	0	0
Total trading liabilities	0	0
Derivative contracts liability, gross	0	0
Other payables - repurchase liabilities related to client-owned fractional shares	0	0
Total liabilities at fair value on a recurring basis	0	0
Recurring | Level 3 | Interest rate
Assets at fair value on a recurring basis:
Total derivative assets	0	0
Liabilities at fair value on a recurring basis:
Derivative liabilities	0	0
Recurring | Level 3 | Foreign exchange
Assets at fair value on a recurring basis:
Total derivative assets		0
Liabilities at fair value on a recurring basis:
Derivative liabilities		0
Derivative contracts liability, gross	0
Recurring | Level 3 | Municipal and provincial obligations
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Corporate obligations
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Government and agency obligations
Liabilities at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Liabilities at fair value on a recurring basis:
Total debt securities	0
Recurring | Level 3 | Municipal and provincial obligations
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Corporate obligations
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Government and agency obligations
Assets at fair value on a recurring basis:
Total debt securities	0	0
Total all other investments	0	0
Recurring | Level 3 | Agency mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMOs”) and asset-backed securities (“ABS”)
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Non-agency CMOs and ABS
Assets at fair value on a recurring basis:
Total debt securities	0	0
Recurring | Level 3 | Other
Assets at fair value on a recurring basis:
Total all other investments	$ 29	$ 30

FAIR VALUE, Level 3 Financial A

FAIR VALUE, Level 3 Financial Assets and Liabilities, Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Principal transactions
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Location of gains (losses) included in earnings			Principal transactions	Principal transactions
Other revenues | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Location of gains (losses) included in earnings			Revenue from contract with customer	Revenue from contract with customer
Derivative liabilities | Other
Changes in Level 3 recurring fair value measurements, liabilities [Roll Forward]
Fair value beginning of period		$ (4)		$ (3)
Total gains/(losses) included in earnings		0		(1)
Purchases and contributions		0		0
Sales, distributions, and deconsolidations		0		0
Transfers:
Into Level 3		0		0
Out of Level 3		0		0
Fair value end of period		(4)		(4)
Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period		0		(1)
Trading assets | Trading assets
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	$ 4	3	$ 4	1
Total gains/(losses) included in earnings	0	(1)	0	(1)
Purchases and contributions	31	19	60	55
Sales and distributions	(22)	(12)	(51)	(46)
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	13	9	13	9
Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period	(1)	1	(1)	1
Other investments | Other investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	29	28	30	29
Total gains/(losses) included in earnings	0	1	(1)	0
Purchases and contributions	0	0	0	0
Sales and distributions	0	0	0	0
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	29	29	29	29
Unrealized gains/(losses) for the period included in earnings for instruments held at the end of the reporting period	$ 0	$ 1	$ 0	$ 0

FAIR VALUE, Level 3 Financial_2

FAIR VALUE, Level 3 Financial Assets and Liabilities, Narrative (Details)	Jun. 30, 2024	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Instruments measured at fair value, percentage of assets (as a percent)	13%	14%
Instruments measured at fair value, percentage of liabilities (as a percent)	2%	2%
Instruments measured at fair value, Level 3, percentage of assets (less than) (as a percent)	1%	1%

FAIR VALUE, Investments in Priv

FAIR VALUE, Investments in Private Equity Measured at Net Asset Value Per Share (Details) - Recurring - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Private equity investments measured at NAV, recorded value	$ 101	$ 101
Private equity investments not measured at NAV, recorded value	7	7
Total private equity investments	108	108
Parent
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Private equity investments measured at NAV, unfunded commitment	$ 26	$ 29

FAIR VALUE, Financial Instrumen

FAIR VALUE, Financial Instruments Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring $ in Millions	3 Months Ended	9 Months Ended
	Dec. 31, 2023	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Loans held for sale
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		$ 30	$ 2
Loans held for sale | Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		30	2
Loans held for sale | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		0	0
Collateral or discounted cash flow | Bank loans - residential
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		10	10
Collateral or discounted cash flow | Bank loans - residential | Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		2	2
Collateral or discounted cash flow | Bank loans - residential | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		8	8
Collateral or discounted cash flow | Bank loans - corporate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		88	84
Collateral or discounted cash flow | Bank loans - corporate | Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		0	0
Collateral or discounted cash flow | Bank loans - corporate | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net		$ 88	$ 84
Minimum | Collateral or discounted cash flow | Bank loans - residential | Prepayment rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Prepayment term (in years)	7 years	7 years
Minimum | Collateral or discounted cash flow | Bank loans - corporate | Recovery rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net, measurement input (as a percent)		0.33	0.22
Maximum | Collateral or discounted cash flow | Bank loans - residential | Prepayment rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Prepayment term (in years)	12 years	12 years
Maximum | Collateral or discounted cash flow | Bank loans - corporate | Recovery rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net, measurement input (as a percent)		0.53	0.65
Weighted average | Collateral or discounted cash flow | Bank loans - residential | Prepayment rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Prepayment term (in years)	10 years 3 months 18 days	10 years 4 months 24 days
Weighted average | Collateral or discounted cash flow | Bank loans - corporate | Recovery rate
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Bank loans, net, measurement input (as a percent)		0.39	0.53

FAIR VALUE, Carrying Amounts an

FAIR VALUE, Carrying Amounts and Estimated Fair Value of Financial Instruments not Recorded on Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Carrying amount
Financial assets:
Bank loans, net	$ 45,021	$ 43,679
Financial liabilities:
Bank deposits - certificates of deposit	2,562	2,831
Carrying amount | Other borrowings - subordinated notes payable
Financial liabilities:
Debt	99	100
Carrying amount | Senior notes payable
Financial liabilities:
Debt	2,039	2,039
Recurring | Total Estimated Fair Value
Financial assets:
Bank loans, net	43,991	42,764
Financial liabilities:
Bank deposits - certificates of deposit	2,557	2,817
Recurring | Total Estimated Fair Value | Other borrowings - subordinated notes payable
Financial liabilities:
Debt	96	94
Recurring | Total Estimated Fair Value | Senior notes payable
Financial liabilities:
Debt	1,760	1,640
Recurring | Level 2 | Total Estimated Fair Value
Financial assets:
Bank loans, net	139	142
Financial liabilities:
Bank deposits - certificates of deposit	2,557	2,817
Recurring | Level 2 | Total Estimated Fair Value | Other borrowings - subordinated notes payable
Financial liabilities:
Debt	96	94
Recurring | Level 2 | Total Estimated Fair Value | Senior notes payable
Financial liabilities:
Debt	1,760	1,640
Recurring | Level 3 | Total Estimated Fair Value
Financial assets:
Bank loans, net	43,852	42,622
Financial liabilities:
Bank deposits - certificates of deposit	0	0
Recurring | Level 3 | Total Estimated Fair Value | Other borrowings - subordinated notes payable
Financial liabilities:
Debt	0	0
Recurring | Level 3 | Total Estimated Fair Value | Senior notes payable
Financial liabilities:
Debt	$ 0	$ 0

AVAILABLE-FOR-SALE SECURITIES,

AVAILABLE-FOR-SALE SECURITIES, Amortized Cost and Fair Values of AFS Securities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Schedule of Available for Sale Securities [Abstract]
Fair value	$ 8,530	$ 9,181
Bank
Schedule of Available for Sale Securities [Abstract]
Cost basis	9,444	10,433
Gross unrealized gains	2	0
Gross unrealized losses	(916)	(1,252)
Fair value	8,530	9,181
Bank | Agency residential MBS
Schedule of Available for Sale Securities [Abstract]
Cost basis	4,344	4,865
Gross unrealized gains	0	0
Gross unrealized losses	(471)	(654)
Fair value	3,873	4,211
Bank | Agency commercial MBS
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,439	1,464
Gross unrealized gains	0	0
Gross unrealized losses	(159)	(211)
Fair value	1,280	1,253
Bank | Agency CMOs
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,381	1,448
Gross unrealized gains	0	0
Gross unrealized losses	(214)	(265)
Fair value	1,167	1,183
Bank | Other agency obligations
Schedule of Available for Sale Securities [Abstract]
Cost basis	629	710
Gross unrealized gains	0	0
Gross unrealized losses	(16)	(31)
Fair value	613	679
Bank | Non-agency residential MBS
Schedule of Available for Sale Securities [Abstract]
Cost basis	567	527
Gross unrealized gains	1	0
Gross unrealized losses	(47)	(64)
Fair value	521	463
Bank | U.S. Treasuries
Schedule of Available for Sale Securities [Abstract]
Cost basis	949	1,261
Gross unrealized gains	0	0
Gross unrealized losses	(4)	(21)
Fair value	945	1,240
Bank | Corporate bonds
Schedule of Available for Sale Securities [Abstract]
Cost basis	116	140
Gross unrealized gains	1	0
Gross unrealized losses	(4)	(6)
Fair value	113	134
Bank | Other
Schedule of Available for Sale Securities [Abstract]
Cost basis	19	18
Gross unrealized gains	0	0
Gross unrealized losses	(1)	0
Fair value	$ 18	$ 18

AVAILABLE-FOR-SALE SECURITIES_2

AVAILABLE-FOR-SALE SECURITIES, Narrative (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2024 USD ($) investmentPosition	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) investmentPosition	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Debt Securities, Available-for-sale [Line Items]
Accrued interest on available-for-sale securities, location	Other receivables, net		Other receivables, net		Other receivables, net
Duration, available for sale securities (in years)			4 years
Fair value	$ 8,530,000,000		$ 8,530,000,000		$ 9,181,000,000
Bank
Debt Securities, Available-for-sale [Line Items]
Accrued interest excluded	$ 28,000,000		$ 28,000,000		28,000,000
Number of available-for-sale investment positions determined to be in an unrealized loss position | investmentPosition	1,000		1,000
Number of available-for-sale investment positions determined to be in an unrealized loss position continuously for less than 12 months | investmentPosition	17		17
Number of available-for-sale investment positions determined to be in an unrealized loss position continuously for 12 months or more | investmentPosition	983		983
Amortized cost basis	$ 9,444,000,000		$ 9,444,000,000		10,433,000,000
Fair value	8,530,000,000		8,530,000,000		$ 9,181,000,000
Proceeds from sales of available-for-sale securities	0	$ 0	0	$ 0
Bank | Federal National Mortgage Association (FNMA)
Debt Securities, Available-for-sale [Line Items]
Amortized cost basis	4,360,000,000		4,360,000,000
Fair value	3,860,000,000		3,860,000,000
Bank | Federal Home Loan Mortgage Corporation (FHLMC)
Debt Securities, Available-for-sale [Line Items]
Amortized cost basis	2,660,000,000		2,660,000,000
Fair value	$ 2,330,000,000		$ 2,330,000,000

AVAILABLE-FOR-SALE SECURITIES_3

AVAILABLE-FOR-SALE SECURITIES, Contractual Maturities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Fair value
Total	$ 8,530	$ 9,181
Bank
Amortized cost
Within one year	1,040
After one but within five years	1,668
After five but within ten years	2,323
After ten years	4,413
Cost basis	9,444	10,433
Fair value
Within one year	1,032
After one but within five years	1,576
After five but within ten years	2,078
After ten years	3,844
Total	$ 8,530	9,181
Weighted-average yield
Within one year (as a percent)	3.45%
After one but within five years (as a percent)	2.69%
After five but within ten years (as a percent)	1.35%
After ten years (as a percent)	2.27%
Total (as a percent)	2.25%
Bank | Agency residential MBS
Amortized cost
Within one year	$ 1
After one but within five years	99
After five but within ten years	1,804
After ten years	2,440
Cost basis	4,344	4,865
Fair value
Within one year	1
After one but within five years	97
After five but within ten years	1,638
After ten years	2,137
Total	$ 3,873	4,211
Weighted-average yield
Within one year (as a percent)	1.85%
After one but within five years (as a percent)	2.52%
After five but within ten years (as a percent)	1.29%
After ten years (as a percent)	2.04%
Total (as a percent)	1.74%
Bank | Agency commercial MBS
Amortized cost
Within one year	$ 67
After one but within five years	911
After five but within ten years	412
After ten years	49
Cost basis	1,439	1,464
Fair value
Within one year	66
After one but within five years	833
After five but within ten years	342
After ten years	39
Total	$ 1,280	1,253
Weighted-average yield
Within one year (as a percent)	3.04%
After one but within five years (as a percent)	1.53%
After five but within ten years (as a percent)	1.17%
After ten years (as a percent)	1.87%
Total (as a percent)	1.51%
Bank | Agency CMOs
Amortized cost
Within one year	$ 0
After one but within five years	6
After five but within ten years	36
After ten years	1,339
Cost basis	1,381	1,448
Fair value
Within one year	0
After one but within five years	6
After five but within ten years	32
After ten years	1,129
Total	$ 1,167	1,183
Weighted-average yield
Within one year (as a percent)	0%
After one but within five years (as a percent)	2.34%
After five but within ten years (as a percent)	1.52%
After ten years (as a percent)	1.73%
Total (as a percent)	1.73%
Bank | Other agency obligations
Amortized cost
Within one year	$ 195
After one but within five years	382
After five but within ten years	43
After ten years	9
Cost basis	629	710
Fair value
Within one year	192
After one but within five years	372
After five but within ten years	40
After ten years	9
Total	$ 613	679
Weighted-average yield
Within one year (as a percent)	2.64%
After one but within five years (as a percent)	3.59%
After five but within ten years (as a percent)	3.05%
After ten years (as a percent)	3.07%
Total (as a percent)	3.25%
Bank | Non-agency residential MBS
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	567
Cost basis	567	527
Fair value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	521
Total	$ 521	463
Weighted-average yield
Within one year (as a percent)	0%
After one but within five years (as a percent)	0%
After five but within ten years (as a percent)	0%
After ten years (as a percent)	4.39%
Total (as a percent)	4.39%
Bank | U.S. Treasuries
Amortized cost
Within one year	$ 763
After one but within five years	186
After five but within ten years	0
After ten years	0
Cost basis	949	1,261
Fair value
Within one year	759
After one but within five years	186
After five but within ten years	0
After ten years	0
Total	$ 945	1,240
Weighted-average yield
Within one year (as a percent)	3.68%
After one but within five years (as a percent)	5.23%
After five but within ten years (as a percent)	0%
After ten years (as a percent)	0%
Total (as a percent)	3.99%
Bank | Corporate bonds
Amortized cost
Within one year	$ 14
After one but within five years	79
After five but within ten years	23
After ten years	0
Cost basis	116	140
Fair value
Within one year	14
After one but within five years	77
After five but within ten years	22
After ten years	0
Total	$ 113	134
Weighted-average yield
Within one year (as a percent)	3.71%
After one but within five years (as a percent)	5.78%
After five but within ten years (as a percent)	5.02%
After ten years (as a percent)	0%
Total (as a percent)	5.38%
Bank | Other
Amortized cost
Within one year	$ 0
After one but within five years	5
After five but within ten years	5
After ten years	9
Cost basis	19	18
Fair value
Within one year	0
After one but within five years	5
After five but within ten years	4
After ten years	9
Total	$ 18	$ 18
Weighted-average yield
Within one year (as a percent)	0%
After one but within five years (as a percent)	7.38%
After five but within ten years (as a percent)	5.21%
After ten years (as a percent)	8.24%
Total (as a percent)	7.21%

AVAILABLE-FOR-SALE SECURITIES_4

AVAILABLE-FOR-SALE SECURITIES, Gross Unrealized Losses and Fair Value and Significant Assumptions (Details) - Bank - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	$ 137	$ 373
Unrealized losses less than 12 months	(1)	(5)
Fair value 12 months or more	7,767	8,617
Unrealized losses 12 months or more	(915)	(1,247)
Fair value	7,904	8,990
Unrealized losses	(916)	(1,252)
Agency residential MBS
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	88	73
Unrealized losses less than 12 months	(1)	(3)
Fair value 12 months or more	3,730	4,119
Unrealized losses 12 months or more	(470)	(651)
Fair value	3,818	4,192
Unrealized losses	(471)	(654)
Agency commercial MBS
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	0	3
Unrealized losses less than 12 months	0	0
Fair value 12 months or more	1,277	1,250
Unrealized losses 12 months or more	(159)	(211)
Fair value	1,277	1,253
Unrealized losses	(159)	(211)
Agency CMOs
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	19	0
Unrealized losses less than 12 months	0	0
Fair value 12 months or more	1,114	1,183
Unrealized losses 12 months or more	(214)	(265)
Fair value	1,133	1,183
Unrealized losses	(214)	(265)
Other agency obligations
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	0	97
Unrealized losses less than 12 months	0	(1)
Fair value 12 months or more	613	582
Unrealized losses 12 months or more	(16)	(30)
Fair value	613	679
Unrealized losses	(16)	(31)
Non-agency residential MBS
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	30	62
Unrealized losses less than 12 months	0	(1)
Fair value 12 months or more	421	401
Unrealized losses 12 months or more	(47)	(63)
Fair value	451	463
Unrealized losses	(47)	(64)
U.S. Treasuries
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	0	120
Unrealized losses less than 12 months	0	0
Fair value 12 months or more	525	995
Unrealized losses 12 months or more	(4)	(21)
Fair value	525	1,115
Unrealized losses	(4)	(21)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	0	13
Unrealized losses less than 12 months	0	0
Fair value 12 months or more	78	78
Unrealized losses 12 months or more	(4)	(6)
Fair value	78	91
Unrealized losses	(4)	(6)
Other
Debt Securities, Available-for-sale [Line Items]
Fair value less than 12 months	0	5
Unrealized losses less than 12 months	0	0
Fair value 12 months or more	9	9
Unrealized losses 12 months or more	(1)	0
Fair value	9	14
Unrealized losses	$ (1)	$ 0

DERIVATIVE ASSETS AND DERIVAT_3

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES, Derivative Asset and Liability Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Derivative assets
Derivative assets	$ 400	$ 526
Counterparty netting	(33)	(29)
Cash collateral netting	(282)	(232)
Total amounts offset	(315)	(261)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	85	265
Financial instruments	(9)	(131)
Net amount	76	134
Derivative liabilities
Derivative liabilities	436	578
Counterparty netting	(33)	(29)
Cash collateral netting	(49)	(59)
Total amounts offset	(82)	(88)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	354	490
Financial instruments	0	0
Net amount	354	490
Notional amount	24,033	22,441
Derivatives not designated as hedging instruments
Derivative assets
Derivative assets	396	513
Derivative liabilities
Derivative liabilities	435	578
Notional amount	21,580	20,069
Derivatives not designated as hedging instruments | Interest rate
Derivative assets
Derivative assets	396	509
Derivative liabilities
Derivative liabilities	434	576
Notional amount	19,593	18,270
Derivatives not designated as hedging instruments | Foreign exchange
Derivative assets
Derivative assets	0	4
Derivative liabilities
Derivative liabilities	1	2
Notional amount	975	1,191
Derivatives not designated as hedging instruments | Other
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	0	0
Notional amount	1,012	608
Derivatives designated as hedging instruments
Derivative assets
Derivative assets	4	13
Derivative liabilities
Derivative liabilities	1	0
Notional amount	2,453	2,372
Derivatives designated as hedging instruments | Interest rate
Derivative assets
Derivative assets	4	8
Derivative liabilities
Derivative liabilities	0	0
Notional amount	1,250	1,200
Derivatives designated as hedging instruments | Foreign exchange
Derivative assets
Derivative assets	0	5
Derivative liabilities
Derivative liabilities	1	0
Notional amount	$ 1,203	$ 1,172

DERIVATIVE ASSETS AND DERIVAT_4

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES, Derivative Gain (Loss) Recognized in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate (cash flow hedges)	$ (2)	$ 12	$ (17)	$ (1)
Total gains/(losses) included in AOCI, net of taxes	8	(4)	(7)	(34)
Interest rate
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate (cash flow hedges)	(2)	12	(17)	(1)
Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Foreign exchange (net investment hedges)	$ 10	$ (16)	$ 10	$ (33)

DERIVATIVE ASSETS AND DERIVAT_5

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES, Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Derivative [Line Items]
Gain (loss) excluded from assessment of hedge effectiveness	$ 0	$ 0	$ 0	$ 0
Amount of interest expense expected to reclassify from AOCI	28,000,000		28,000,000
Derivative liabilities	354,000,000		354,000,000		$ 490,000,000
Credit Risk Contract
Derivative [Line Items]
Derivative liabilities	$ 2,000,000		$ 2,000,000		$ 3,000,000
Bank
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge (in years)			3 years

DERIVATIVE ASSETS AND DERIVAT_6

DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES, Income Statement Location (Details) - Derivatives not designated as hedging instruments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest rate
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	$ 3	$ 6	$ 7	$ 17
Interest rate | Principal transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives, location			Principal transactions	Principal transactions
Interest rate | Other revenues | Other
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives, location			Revenue from contract with customer	Revenue from contract with customer
Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	11	(20)	$ 3	$ (56)
Gain (loss) on derivatives, location			Revenue from contract with customer	Revenue from contract with customer
Other
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	$ 0	$ 1	$ 0	$ 0
Gain (loss) on derivatives, location			Principal transactions	Principal transactions

COLLATERALIZED AGREEMENTS AND_3

COLLATERALIZED AGREEMENTS AND FINANCINGS, Schedule of Offsetting Transactions (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Reverse repurchase agreements
Gross amounts of recognized assets/liabilities	$ 311	$ 187
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	311	187
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(311)	(187)
Net amounts	0	0
Securities borrowed
Gross amounts of recognized assets/liabilities	259	231
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	259	231
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(249)	(224)
Net amounts	10	7
Gross amounts of recognized assets/liabilities	570	418
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	570	418
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(560)	(411)
Net amounts	10	7
Repurchase agreements
Gross amounts of recognized assets/liabilities	374	157
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	374	157
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(374)	(157)
Net amounts	0	0
Securities loaned
Gross amounts of recognized assets/liabilities	780	180
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	780	180
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(750)	(173)
Net amounts	30	7
Gross amounts of recognized assets/liabilities	1,154	337
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	0	0
Net amounts included in the Condensed Consolidated Statements of Financial Condition	1,154	337
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(1,124)	(330)
Net amounts	$ 30	$ 7

COLLATERALIZED AGREEMENTS AND_4

COLLATERALIZED AGREEMENTS AND FINANCINGS, Repurchase Agreements (Details) - Maturity overnight and continuous - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	$ 374	$ 157
Total	1,154	337
Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	203	122
Agency MBS and agency CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	171	35
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	$ 780	$ 180

COLLATERALIZED AGREEMENTS AND_5

COLLATERALIZED AGREEMENTS AND FINANCINGS, Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Collateral Received that Can be Resold or Repledged [Abstract]
Collateral we received that was available to be delivered or repledged	$ 3,428	$ 3,267
Collateral that we delivered or repledged	$ 1,741	$ 730

COLLATERALIZED AGREEMENTS AND_6

COLLATERALIZED AGREEMENTS AND FINANCINGS, Encumbered Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Asset pledged as collateral | Assets pledged with the FHLB or FRB:
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial instruments, owned, at fair value	$ 14,742	$ 14,063
Asset pledged as collateral | Assets pledged with the FHLB or FRB: | Available-for-sale securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial instruments, owned, at fair value	3,958	3,897
Asset pledged as collateral | Assets pledged with the FHLB or FRB: | Bank loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial instruments, owned, at fair value	10,784	10,166
Had the right to deliver or repledge
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial instruments, owned, at fair value	1,217	1,091
Did not have the right to deliver or repledge
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial instruments, owned, at fair value	$ 65	$ 63

BANK LOANS, NET, Held for Sale

BANK LOANS, NET, Held for Sale and Held for Investment (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable on bank loans, location	Other receivables, net		Other receivables, net
Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	$ 45,605		$ 44,249
Allowance for credit losses	(456)		(474)
Loans, net	$ 45,149		$ 43,775
ACL as a % of total loans held for investment	1%		1.07%
Accrued interest receivable on bank loans (included in “Other receivables, net”)	$ 211		$ 200
Net unamortized discounts, unearned income, and deferred loan fees and costs	8		52
Nonrelated party | TriState Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net unamortized discounts, unearned income, and deferred loan fees and costs	51		84
Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	45,435		44,104
Allowance for credit losses	(456)	$ (471)	(474)	$ (456)	$ (415)	$ (396)
Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	45,435		44,104
Loans held for sale | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	170		145
SBL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	15,429		14,606
SBL | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	15,429		14,606
Allowance for credit losses	(5)	(6)	(7)	(5)	(5)	(3)
SBL | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	15,429		14,606
C&I loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,956		10,406
C&I loans | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,956		10,406
Allowance for credit losses	(170)	(196)	(214)	(206)	(219)	(226)
C&I loans | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,956		10,406
CRE loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	7,619		7,221
CRE loans | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	7,619		7,221
Allowance for credit losses	(197)	(181)	(161)	(147)	(100)	(87)
CRE loans | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	7,619		7,221
REIT loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	1,755		1,668
REIT loans | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	1,755		1,668
Allowance for credit losses	(20)	(19)	(16)	(16)	(15)	(21)
REIT loans | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	1,755		1,668
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,245		8,662
Residential mortgage loans | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,245		8,662
Allowance for credit losses	(62)	(67)	(74)	(80)	(74)	(57)
Residential mortgage loans | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	9,245		8,662
Tax-exempt loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	1,431		1,541
Tax-exempt loans | Loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	1,431		1,541
Allowance for credit losses	(2)	$ (2)	(2)	$ (2)	$ (2)	$ (2)
Tax-exempt loans | Loans held for investment | Nonrelated party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	$ 1,431		$ 1,541

BANK LOANS, NET, Originations,

BANK LOANS, NET, Originations, Purchases, and Sales (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Loans held for sale
Payments for Origination and Purchases of Loans Held-for-sale [Abstract]
Loans held for sale originated or purchased	$ 856	$ 699	$ 1,850	$ 2,130
Proceeds from Sale of Loans Held-for-sale [Abstract]
Proceeds from sale of loans held-for-sale	200	221	443	574
Loans held for investment
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	335	97	977	817
Sales	159	441	331	588
Loans held for investment | C&I loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	218	3	738	360
Sales	159	441	322	588
Loans held for investment | CRE loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	0	0	0	39
Sales	0	0	0	0
Loans held for investment | REIT loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	5	0	5	24
Sales	0	0	9	0
Loans held for investment | Residential mortgage loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	112	94	234	394
Sales	$ 0	$ 0	$ 0	$ 0

BANK LOANS, NET, Past Due, Nona

BANK LOANS, NET, Past Due, Nonaccrual, and Modified Loans and Collateral Dependent Loans (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
Performing nonaccrual loans	$ 56	$ 96
SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	15,429	14,606
C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,956	10,406
Loans modified		21
CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	7,619	7,221
Loans modified		3
REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	1,755	1,668
Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,245	8,662
Residential mortgage - first mortgage loans
Financing Receivable, Past Due [Line Items]
Loans modified		10
Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	1,431	1,541
Loans held for investment
Financing Receivable, Past Due [Line Items]
Total loans held for investment	45,435	44,104
Nonaccrual with allowance	131	104
Nonaccrual with no allowance	27	24
Loans held for investment | SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	15,429	14,606
Nonaccrual with allowance	0	0
Nonaccrual with no allowance	0	0
Loans held for investment | C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,956	10,406
Nonaccrual with allowance	61	69
Nonaccrual with no allowance	0	2
Loans held for investment | CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	7,619	7,221
Nonaccrual with allowance	70	35
Nonaccrual with no allowance	19	13
Loans held for investment | REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	1,755	1,668
Nonaccrual with allowance	0	0
Nonaccrual with no allowance	0	0
Loans held for investment | Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,245	8,662
Nonaccrual with allowance	0	0
Nonaccrual with no allowance	8	9
Loans held for investment | Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	1,431	1,541
Nonaccrual with allowance	0	0
Nonaccrual with no allowance	0	0
Loans held for investment | Total past due and accruing
Financing Receivable, Past Due [Line Items]
Total loans held for investment	16	11
Loans held for investment | Total past due and accruing | SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	10	9
Loans held for investment | Total past due and accruing | C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | Total past due and accruing | CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | Total past due and accruing | REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | Total past due and accruing | Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	6	2
Loans held for investment | Total past due and accruing | Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 30-89 days and accruing
Financing Receivable, Past Due [Line Items]
Total loans held for investment	14	11
Loans held for investment | 30-89 days and accruing | SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	8	9
Loans held for investment | 30-89 days and accruing | C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 30-89 days and accruing | CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 30-89 days and accruing | REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 30-89 days and accruing | Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	6	2
Loans held for investment | 30-89 days and accruing | Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 90 days or more and accruing
Financing Receivable, Past Due [Line Items]
Total loans held for investment	2	0
Loans held for investment | 90 days or more and accruing | SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	2	0
Loans held for investment | 90 days or more and accruing | C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 90 days or more and accruing | CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 90 days or more and accruing | REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 90 days or more and accruing | Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | 90 days or more and accruing | Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	0	0
Loans held for investment | Current and accruing
Financing Receivable, Past Due [Line Items]
Total loans held for investment	45,261	43,965
Loans held for investment | Current and accruing | SBL
Financing Receivable, Past Due [Line Items]
Total loans held for investment	15,419	14,597
Loans held for investment | Current and accruing | C&I loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,895	10,335
Loans held for investment | Current and accruing | CRE loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	7,530	7,173
Loans held for investment | Current and accruing | REIT loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	1,755	1,668
Loans held for investment | Current and accruing | Residential mortgage loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	9,231	8,651
Loans held for investment | Current and accruing | Tax-exempt loans
Financing Receivable, Past Due [Line Items]
Total loans held for investment	$ 1,431	$ 1,541

BANK LOANS, NET, Collateral-dep

BANK LOANS, NET, Collateral-dependent loans (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
C&I loans | Commercial real estate and other business assets | Loans held for investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, gross	$ 9	$ 11
CRE loans | Office, multi-family residential, healthcare, medical office, and industrial real estate | Loans held for investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, gross	134	47
Residential mortgage loans | One-to-four family residential mortgage loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Mortgage loans in process of foreclosure	2	4
Residential mortgage loans | Single family homes | Loans held for investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, gross	$ 4	$ 5

BANK LOANS, NET, Credit Quality

BANK LOANS, NET, Credit Quality of Held for Investment Loan Portfolio (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
SBL
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	$ 76	$ 74
Fiscal year before current fiscal year	33	18
Fiscal year two years before current fiscal year	15	83
Fiscal year three years before current fiscal year	77	40
Fiscal year four years before current fiscal year	30	15
Prior	52	59
Revolving loans	15,146	14,317
Total loans held for investment	15,429	14,606
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	0
Gross charge-offs, fiscal year four years before current fiscal year	0
Gross charge-offs, prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	0
SBL | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	67	74
Fiscal year before current fiscal year	33	18
Fiscal year two years before current fiscal year	15	83
Fiscal year three years before current fiscal year	77	40
Fiscal year four years before current fiscal year	30	15
Prior	52	59
Revolving loans	15,146	14,293
Total loans held for investment	15,420	14,582
SBL | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
SBL | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	9	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	24
Total loans held for investment	9	24
SBL | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
C&I loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	470	672
Fiscal year before current fiscal year	586	1,153
Fiscal year two years before current fiscal year	1,089	1,120
Fiscal year three years before current fiscal year	758	1,096
Fiscal year four years before current fiscal year	679	1,037
Prior	3,418	2,743
Revolving loans	2,956	2,585
Total loans held for investment	9,956	10,406
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	3
Gross charge-offs, fiscal year four years before current fiscal year	4
Gross charge-offs, prior	30
Gross charge-offs, revolving loans	0
Gross charge-offs, total	37
C&I loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	470	672
Fiscal year before current fiscal year	586	1,148
Fiscal year two years before current fiscal year	1,084	1,091
Fiscal year three years before current fiscal year	758	965
Fiscal year four years before current fiscal year	602	1,020
Prior	3,383	2,675
Revolving loans	2,943	2,564
Total loans held for investment	9,826	10,135
C&I loans | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	5
Fiscal year two years before current fiscal year	5	29
Fiscal year three years before current fiscal year	0	69
Fiscal year four years before current fiscal year	38	0
Prior	15	0
Revolving loans	1	4
Total loans held for investment	59	107
C&I loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	62
Fiscal year four years before current fiscal year	39	17
Prior	20	65
Revolving loans	12	17
Total loans held for investment	71	161
C&I loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	3
Revolving loans	0	0
Total loans held for investment	0	3
CRE loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	682	1,137
Fiscal year before current fiscal year	1,235	2,344
Fiscal year two years before current fiscal year	2,246	1,120
Fiscal year three years before current fiscal year	982	812
Fiscal year four years before current fiscal year	737	621
Prior	1,329	967
Revolving loans	408	220
Total loans held for investment	7,619	7,221
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	0
Gross charge-offs, fiscal year four years before current fiscal year	0
Gross charge-offs, prior	8
Gross charge-offs, revolving loans	0
Gross charge-offs, total	8
CRE loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	682	1,130
Fiscal year before current fiscal year	1,176	2,344
Fiscal year two years before current fiscal year	2,210	1,115
Fiscal year three years before current fiscal year	977	766
Fiscal year four years before current fiscal year	690	604
Prior	1,205	845
Revolving loans	392	220
Total loans held for investment	7,332	7,024
CRE loans | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	7
Fiscal year before current fiscal year	59	0
Fiscal year two years before current fiscal year	27	0
Fiscal year three years before current fiscal year	0	14
Fiscal year four years before current fiscal year	38	5
Prior	20	55
Revolving loans	0	0
Total loans held for investment	144	81
CRE loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	9	5
Fiscal year three years before current fiscal year	5	32
Fiscal year four years before current fiscal year	9	12
Prior	96	67
Revolving loans	16	0
Total loans held for investment	135	116
CRE loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	8	0
Revolving loans	0	0
Total loans held for investment	8	0
REIT loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	145	258
Fiscal year before current fiscal year	244	200
Fiscal year two years before current fiscal year	182	214
Fiscal year three years before current fiscal year	216	101
Fiscal year four years before current fiscal year	95	172
Prior	263	176
Revolving loans	610	547
Total loans held for investment	1,755	1,668
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	0
Gross charge-offs, fiscal year four years before current fiscal year	0
Gross charge-offs, prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	0
REIT loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	145	258
Fiscal year before current fiscal year	232	200
Fiscal year two years before current fiscal year	182	214
Fiscal year three years before current fiscal year	216	101
Fiscal year four years before current fiscal year	95	172
Prior	250	176
Revolving loans	558	547
Total loans held for investment	1,678	1,668
REIT loans | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	12	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	13	0
Revolving loans	52	0
Total loans held for investment	77	0
REIT loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
REIT loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
Residential mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,028	1,765
Fiscal year before current fiscal year	1,678	2,891
Fiscal year two years before current fiscal year	2,788	1,609
Fiscal year three years before current fiscal year	1,525	920
Fiscal year four years before current fiscal year	874	435
Prior	1,320	1,011
Revolving loans	32	31
Total loans held for investment	9,245	8,662
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	0
Gross charge-offs, fiscal year four years before current fiscal year	0
Gross charge-offs, prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	0
Residential mortgage loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,028	1,765
Fiscal year before current fiscal year	1,678	2,889
Fiscal year two years before current fiscal year	2,784	1,607
Fiscal year three years before current fiscal year	1,525	919
Fiscal year four years before current fiscal year	874	433
Prior	1,304	992
Revolving loans	32	31
Total loans held for investment	9,225	8,636
Residential mortgage loans | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	1	2
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	2
Prior	5	5
Revolving loans	0	0
Total loans held for investment	6	9
Residential mortgage loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	2
Fiscal year two years before current fiscal year	3	0
Fiscal year three years before current fiscal year	0	1
Fiscal year four years before current fiscal year	0	0
Prior	11	14
Revolving loans	0	0
Total loans held for investment	14	17
Residential mortgage loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
Tax-exempt loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	62	147
Fiscal year before current fiscal year	57	279
Fiscal year two years before current fiscal year	266	161
Fiscal year three years before current fiscal year	153	54
Fiscal year four years before current fiscal year	54	97
Prior	839	803
Revolving loans	0	0
Total loans held for investment	1,431	1,541
Gross charge-offs, current fiscal year	0
Gross charge-offs, fiscal year before current fiscal year	0
Gross charge-offs, fiscal year two years before current fiscal year	0
Gross charge-offs, fiscal year three years before current fiscal year	0
Gross charge-offs, fiscal year four years before current fiscal year	0
Gross charge-offs, prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	0
Tax-exempt loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	62	147
Fiscal year before current fiscal year	57	279
Fiscal year two years before current fiscal year	266	161
Fiscal year three years before current fiscal year	153	54
Fiscal year four years before current fiscal year	54	97
Prior	839	803
Revolving loans	0	0
Total loans held for investment	1,431	1,541
Tax-exempt loans | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
Tax-exempt loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	0	0
Tax-exempt loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Fiscal year two years before current fiscal year	0	0
Fiscal year three years before current fiscal year	0	0
Fiscal year four years before current fiscal year	0	0
Prior	0	0
Revolving loans	0	0
Total loans held for investment	$ 0	$ 0

BANK LOANS, NET, Held for Inves

BANK LOANS, NET, Held for Investment Residential Mortgage Loan Portfolio by FICO Score and by LTV Ratio (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment	$ 45,435	$ 44,104
Residential mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,028	1,765
Fiscal year before current fiscal year	1,678	2,891
Fiscal year two years before current fiscal year	2,788	1,609
Fiscal year three years before current fiscal year	1,525	920
Fiscal year four years before current fiscal year	874	435
Prior	1,320	1,011
Revolving loans	32	31
Total loans held for investment	9,245	8,662
Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,028	1,765
Fiscal year before current fiscal year	1,678	2,891
Fiscal year two years before current fiscal year	2,788	1,609
Fiscal year three years before current fiscal year	1,525	920
Fiscal year four years before current fiscal year	874	435
Prior	1,320	1,011
Revolving loans	32	31
Total loans held for investment	9,245	8,662
Below 80% | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	757	1,244
Fiscal year before current fiscal year	1,185	2,218
Fiscal year two years before current fiscal year	2,144	1,257
Fiscal year three years before current fiscal year	1,201	716
Fiscal year four years before current fiscal year	677	323
Prior	1,006	780
Revolving loans	31	29
Total loans held for investment	7,001	6,567
80%+ | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	271	521
Fiscal year before current fiscal year	493	673
Fiscal year two years before current fiscal year	644	352
Fiscal year three years before current fiscal year	324	204
Fiscal year four years before current fiscal year	197	112
Prior	314	231
Revolving loans	1	2
Total loans held for investment	2,244	2,095
Below 600 | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1	7
Fiscal year before current fiscal year	7	1
Fiscal year two years before current fiscal year	13	3
Fiscal year three years before current fiscal year	5	2
Fiscal year four years before current fiscal year	3	3
Prior	15	55
Revolving loans	0	0
Total loans held for investment	44	71
600 - 699 | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	43	99
Fiscal year before current fiscal year	53	154
Fiscal year two years before current fiscal year	111	106
Fiscal year three years before current fiscal year	52	83
Fiscal year four years before current fiscal year	45	30
Prior	129	79
Revolving loans	3	4
Total loans held for investment	436	555
700 - 799 | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	838	1,381
Fiscal year before current fiscal year	1,012	2,327
Fiscal year two years before current fiscal year	1,599	1,218
Fiscal year three years before current fiscal year	806	666
Fiscal year four years before current fiscal year	480	320
Prior	652	609
Revolving loans	19	20
Total loans held for investment	5,406	6,541
800 + | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	145	274
Fiscal year before current fiscal year	602	407
Fiscal year two years before current fiscal year	1,065	279
Fiscal year three years before current fiscal year	660	168
Fiscal year four years before current fiscal year	345	77
Prior	520	265
Revolving loans	9	6
Total loans held for investment	3,346	1,476
FICO score not available | Residential mortgage loans | Loans held for investment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1	4
Fiscal year before current fiscal year	4	2
Fiscal year two years before current fiscal year	0	3
Fiscal year three years before current fiscal year	2	1
Fiscal year four years before current fiscal year	1	5
Prior	4	3
Revolving loans	1	1
Total loans held for investment	$ 13	$ 19

BANK LOANS, NET, Allowance for

BANK LOANS, NET, Allowance for Loan Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Sep. 30, 2023
Net (charge-offs)/recoveries:
Increase (decrease) in allowance for credit losses	$ (15)		$ (18)
Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	471	$ 415	474	$ 396
Provision/(benefit) for credit losses	(10)		23
Net (charge-offs)/recoveries:
Charge-offs	(7)	(15)	(45)	(40)
Recoveries	1	0	3	3
Net (charge-offs)/recoveries	(6)	(15)	(42)	(37)
Foreign exchange translation adjustment	1	2	1	1
Balance at end of period	$ 456	$ 456	$ 456	$ 456
ACL by loan portfolio segment as a % of total ACL	100%	100%	100%	100%
Unfunded lending commitments
Net (charge-offs)/recoveries:
Unfunded lending commitments	$ 22		$ 22		$ 20	$ 22
Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 54		$ 96
SBL
Net (charge-offs)/recoveries:
Charge-offs			0
SBL | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	6	5	7	3
Provision/(benefit) for credit losses	(1)		(2)
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	0	0	0	0
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	$ 5	$ 5	$ 5	$ 5
ACL by loan portfolio segment as a % of total ACL	1.10%	1.10%	1.10%	1.10%
SBL | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 0		$ 2
C&I loans
Net (charge-offs)/recoveries:
Charge-offs			$ (37)
C&I loans | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 196	219	214	226
Provision/(benefit) for credit losses	(20)		(9)
Net (charge-offs)/recoveries:
Charge-offs	(6)	(6)	(37)	(30)
Recoveries	0	0	2	0
Net (charge-offs)/recoveries	(6)	(6)	(35)	(30)
Foreign exchange translation adjustment	0	1	0	0
Balance at end of period	$ 170	$ 206	$ 170	$ 206
ACL by loan portfolio segment as a % of total ACL	37.30%	45.30%	37.30%	45.30%
C&I loans | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ (8)		$ 10
CRE loans
Net (charge-offs)/recoveries:
Charge-offs			$ (8)
CRE loans | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 181	100	161	87
Provision/(benefit) for credit losses	16		43
Net (charge-offs)/recoveries:
Charge-offs	(1)	(9)	(8)	(10)
Recoveries	0	0	0	3
Net (charge-offs)/recoveries	(1)	(9)	(8)	(7)
Foreign exchange translation adjustment	1	1	1	1
Balance at end of period	$ 197	$ 147	$ 197	$ 147
ACL by loan portfolio segment as a % of total ACL	43.20%	32.20%	43.20%	32.20%
CRE loans | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 55		$ 66
REIT loans
Net (charge-offs)/recoveries:
Charge-offs			$ 0
REIT loans | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 19	15	16	21
Provision/(benefit) for credit losses	1		4
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	0	0	0	0
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	$ 20	$ 16	$ 20	$ 16
ACL by loan portfolio segment as a % of total ACL	4.40%	3.50%	4.40%	3.50%
REIT loans | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 1		$ (5)
Residential mortgage loans
Net (charge-offs)/recoveries:
Charge-offs			$ 0
Residential mortgage loans | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 67	74	74	57
Provision/(benefit) for credit losses	(6)		(13)
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	1	0	1	0
Net (charge-offs)/recoveries	1	0	1	0
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	$ 62	$ 80	$ 62	$ 80
ACL by loan portfolio segment as a % of total ACL	13.60%	17.50%	13.60%	17.50%
Residential mortgage loans | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 6		$ 23
Tax-exempt loans
Net (charge-offs)/recoveries:
Charge-offs			$ 0
Tax-exempt loans | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 2	2	2	2
Provision/(benefit) for credit losses	0		0
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	0	0	0	0
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	$ 2	$ 2	$ 2	$ 2
ACL by loan portfolio segment as a % of total ACL	0.40%	0.40%	0.40%	0.40%
Tax-exempt loans | Provision/(benefit) for credit losses | Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Provision/(benefit) for credit losses		$ 0		$ 0

LOANS TO FINANCIAL ADVISORS, _3

LOANS TO FINANCIAL ADVISORS, NET (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Past due period	180 days
Related party
Financing Receivable, Allowance for Credit Loss [Line Items]
Affiliated with the firm as of year-end	$ 1,282	$ 1,158
No longer affiliated with the firm as of year-end	14	10
Total loans to financial advisors	1,296	1,168
Allowance for credit losses	(38)	(32)
Loans, net	1,258	1,136
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)	$ 8	$ 6
Allowance for credit losses as a percent of total loans to financial advisors	2.93%	2.74%

VARIABLE INTEREST ENTITIES, Pri

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Aggregate Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	$ 80,628	$ 78,360
Aggregate liabilities	69,438	68,173
Variable Interest Entity, Primary Beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	166	71
Aggregate liabilities	93	26
Variable Interest Entity, Primary Beneficiary | LIHTC funds
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	139	51
Aggregate liabilities	66	6
Variable Interest Entity, Primary Beneficiary | Restricted Stock Trust Fund
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	27	20
Aggregate liabilities	$ 27	$ 20

VARIABLE INTEREST ENTITIES, P_2

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Carrying Value of Assets, Liabilities and Equity (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Assets:
Cash and cash equivalents and assets segregated for regulatory purposes and restricted cash	$ 12,736	$ 12,548	$ 12,214	$ 14,659
Other assets	3,222	2,793
Total assets	80,628	78,360
Liabilities:
Other payables	2,084	1,931
Total liabilities	69,438	68,173
Noncontrolling interests	(7)	(27)
Variable Interest Entity, Primary Beneficiary
Assets:
Total assets	166	71
Liabilities:
Total liabilities	93	26
Variable Interest Entity, Primary Beneficiary | Carrying amount
Assets:
Cash and cash equivalents and assets segregated for regulatory purposes and restricted cash	15	5
Other assets	124	46
Total assets	139	51
Liabilities:
Other payables	42	0
Total liabilities	42	0
Noncontrolling interests	$ (7)	$ (27)

VARIABLE INTEREST ENTITIES, Not

VARIABLE INTEREST ENTITIES, Not the Primary Beneficiary - Aggregate Assets, Liabilities Exposure to Loss (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Variable Interest Entity [Line Items]
Aggregate assets	$ 80,628	$ 78,360
Aggregate liabilities	69,438	68,173
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Aggregate assets	11,659	11,243
Aggregate liabilities	4,049	3,703
Our risk of loss	180	217
Variable Interest Entity, Not Primary Beneficiary | LIHTC
Variable Interest Entity [Line Items]
Aggregate assets	8,824	8,451
Aggregate liabilities	3,114	2,964
Our risk of loss	76	113
Variable Interest Entity, Not Primary Beneficiary | Private Equity Interests
Variable Interest Entity [Line Items]
Aggregate assets	2,720	2,591
Aggregate liabilities	852	655
Our risk of loss	101	101
Variable Interest Entity, Not Primary Beneficiary | Other
Variable Interest Entity [Line Items]
Aggregate assets	115	201
Aggregate liabilities	83	84
Our risk of loss	$ 3	$ 3

GOODWILL AND IDENTIFIABLE INT_2

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, NET (Details)	Jan. 01, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment	$ 0

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Prepaid Expense and Other Assets [Abstract]
Investments in company-owned life insurance policies	$ 1,330	$ 1,110
Property and equipment, net	618	561
Lease right-of-use (“ROU”) assets	562	560
Prepaid expenses	236	209
Investments in FHLB and FRB stock	114	114
Client-owned fractional shares	124	98
All other	238	141
Total other assets	$ 3,222	$ 2,793

LEASES, Operating Lease Assets

LEASES, Operating Lease Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Leases [Abstract]
ROU assets (included in “Other assets”)	$ 562	$ 560
Lease liabilities (included in “Other payables”)	$ 542	$ 539
Location of ROU assets	Other assets	Other assets
Location of lease liabilities	Other Liabilities	Other Liabilities

LEASES, Narrative (Details)

LEASES, Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)
Operating lease, not yet commenced
Lessee, Lease, Description [Line Items]
Minimum lease payments	$ 17
Minimum
Lessee, Lease, Description [Line Items]
Contract term (in years)	3 years
Maximum
Lessee, Lease, Description [Line Items]
Contract term (in years)	8 years

LEASES, Lease Cost (Details)

LEASES, Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Lease costs	$ 37	$ 35	$ 106	$ 98
Variable lease costs	$ 9	$ 9	$ 28	$ 24

BANK DEPOSITS, Summary of Bank

BANK DEPOSITS, Summary of Bank Deposits (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Balance
Money market and savings accounts	$ 30,963	$ 32,268
Interest-bearing demand deposits	20,411	18,376
Certificates of deposit	2,562	2,831
Non-interest-bearing demand deposits	465	724
Total bank deposits	$ 54,401	$ 54,199
Weighted-average rate
Money market and savings accounts	2.23%	1.85%
Interest-bearing demand deposits	5%	4.98%
Certificates of deposit	4.70%	4.41%
Non-interest-bearing demand deposits	0%	0%
Total bank deposits	3.39%	3.06%

BANK DEPOSITS, Narrative (Detai

BANK DEPOSITS, Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Bank Deposits [Line Items]
Bank deposits	$ 54,401	$ 54,199
Raymond James & Associates, Inc.
Bank Deposits [Line Items]
Related party deposit liabilities	23,370	25,360
Private Client Group clients
Bank Deposits [Line Items]
Bank deposits	$ 14,040	$ 13,590

BANK DEPOSITS, Bank Deposits by

BANK DEPOSITS, Bank Deposits by Insured and Uninsured (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Deposits [Abstract]
FDIC-insured bank deposits	$ 48,167	$ 48,344
Bank deposits exceeding FDIC insurance limit	6,234	5,855
Total bank deposits	$ 54,401	$ 54,199
FDIC-insured bank deposits as a % of total bank deposits	89%	89%
Related Party Transaction [Line Items]
Bank deposits exceeding FDIC insurance limit	$ 6,234	$ 5,855
Related party
Deposits [Abstract]
Bank deposits exceeding FDIC insurance limit	962	764
Related Party Transaction [Line Items]
Bank deposits exceeding FDIC insurance limit	$ 962	$ 764

BANK DEPOSITS, Maturities of Ce

BANK DEPOSITS, Maturities of Certificates of Deposit that Exceeded FDIC Limit (Details) $ in Millions	Jun. 30, 2024 USD ($)
Deposits [Abstract]
Three months or less	$ 64
Over three through six months	45
Over six through twelve months	36
Over twelve months	15
Total certificates of deposit that exceeded the FDIC insurance limit	$ 160

BANK DEPOSITS, Maturities by Fi

BANK DEPOSITS, Maturities by Fiscal Year of Certificates of Deposit (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Deposits [Abstract]
Remainder of 2024	$ 508
2025	1,743
2026	268
2027	20
2028	15
Thereafter	8
Certificates of deposit	$ 2,562	$ 2,831

BANK DEPOSITS, Summary of Inter

BANK DEPOSITS, Summary of Interest Expense on Deposits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Deposits [Abstract]
Money market and savings accounts	$ 169	$ 125	$ 484	$ 370
Interest-bearing demand deposits	247	157	742	266
Certificates of deposit	30	30	92	54
Total interest expense on deposits	$ 446	$ 312	$ 1,318	$ 690

OTHER BORROWINGS, Schedule of O

OTHER BORROWINGS, Schedule of Other Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Other Borrowings [Abstract]
Total FHLB advances	$ 950	$ 1,000
Total other borrowings	$ 1,049	$ 1,100
FHLB Advance Maturing March 2025 - December 2025
Other Borrowings [Abstract]
Weighted average interest rate (as a percent)	5.64%
Total FHLB advances	$ 650
FHLB Advance Maturing September 2024 - December 2028
Other Borrowings [Abstract]
Weighted average interest rate (as a percent)	4.62%
Total FHLB advances	$ 300
FHLB Advance Maturing December 2023 - March 2025
Other Borrowings [Abstract]
Weighted average interest rate (as a percent)		5.62%
Total FHLB advances		$ 850
FHLB Advance Maturing December 2023
Other Borrowings [Abstract]
Weighted average interest rate (as a percent)		5.70%
Total FHLB advances		$ 150
Subordinated notes due 2030
Other Borrowings [Abstract]
Subordinated notes - fixed-to-floating	99	100
Subordinated Debt
Other Borrowings [Abstract]
Unaccreted premium	$ 1	$ 2
Subordinated Debt | Subordinated notes due 2030
Other Borrowings [Abstract]
Weighted average interest rate (as a percent)	5.75%	5.75%

OTHER BORROWINGS, Subordinated

OTHER BORROWINGS, Subordinated Notes (Details) - Subordinated Debt - Subordinated notes due 2030 $ in Millions	9 Months Ended
	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
Debt Instrument, face amount	$ 98
Stated interest rate (as a percent)	5.75%
Spread on variable interest rate (as a percent)	5.62%
Redemption price percentage (as a percent)	100%

OTHER BORROWINGS, Credit Facili

OTHER BORROWINGS, Credit Facility (Details) - Revolving Credit Facility - The Credit Facility - Line of credit - USD ($)	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Revolving credit agreement maximum borrowing capacity	$ 750,000,000
Amount outstanding	$ 0	$ 0
Revolving credit agreement commitment fee percentage	0.125%

OTHER BORROWINGS, Other (Detail

OTHER BORROWINGS, Other (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Line of credit | Various secured and unsecured lines of credit
Line of Credit Facility [Line Items]
Amount outstanding	$ 0	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 31, 2023	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Effective tax rate	23.70%	22.10%
Reasonably possible decrease in uncertain tax position liability		$ 6

COMMITMENTS, CONTINGENCIES AN_3

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Commitments Narrative (Details) $ in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Jul. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) commitment	Sep. 30, 2025 USD ($)
Commitments [Line Items]
Amount of commitment		$ 11
Underwriting commitment
Commitments [Line Items]
Number of open underwriting commitments | commitment		0
Investment commitment
Commitments [Line Items]
Amount of commitment		$ 80
Investment commitment | Renewable energy tax credit investment | Forecast
Commitments [Line Items]
Funded investment commitment			$ 72
Investment commitment | Renewable energy tax credit investment | Subsequent Event
Commitments [Line Items]
Amount of commitment	$ 90
Funded investment commitment	$ 18
Commitment to lend to RJTCF
Commitments [Line Items]
Amount of commitment		$ 145
Number of days that investments in project partnerships are typically sold (in days)		90 days

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Summary of Off-Balance Sheet Risks (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
SBL and other consumer lines of credit	$ 42,523	$ 38,791
Commercial lines of credit	4,436	4,131
Unfunded lending commitments	672	936
Standby letters of credit	$ 106	$ 123

COMMITMENTS, CONTINGENCIES AN_5

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Guarantees (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Securities Industry Protection Corporation (SIPC)
Guarantees [Abstract]
SIPC fund securities per customer limit (up to)	$ 500
Per customer upper limit claims for cash balances	250
Raymond James & Associates Inc
Guarantees [Abstract]
Excess SIPC insured amount upper limit	750,000
Excess SIPC Sub-limit per customer cash above basic SIPC	$ 1,900

COMMITMENTS, CONTINGENCIES AN_6

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Legal and Regulatory Matters Contingencies (Details) $ in Millions	Jun. 30, 2024 USD ($)
SEC investigation
Loss Contingencies [Line Items]
Loss contingency accrual	$ 50
Various lawsuits | Pending Litigation
Loss Contingencies [Line Items]
Range of reasonably possible aggregate loss	$ 40

SHAREHOLDERS' EQUITY, Preferred

SHAREHOLDERS' EQUITY, Preferred Stock by Class (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Carrying value	$ 79	$ 79
Series B Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend (as a percent)	6.375%
Preferred stock, shares outstanding (in shares)	80,500	80,500
Carrying value	$ 79	$ 79
Aggregate liquidation preference	$ 81	$ 81

SHAREHOLDERS' EQUITY, Preferr_2

SHAREHOLDERS' EQUITY, Preferred Stock Dividends (Details) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended
	Apr. 03, 2023 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares	Sep. 30, 2023 USD ($)
Dividends Payable [Line Items]
Dividends declared			$ 1		$ 5
Dividends paid			2		6
Carrying value		$ 79		$ 79		$ 79
Series A Preferred Stock
Dividends Payable [Line Items]
Preferred stock dividend (as a percent)	6.75%
Dividends declared			$ 0		$ 2
Dividends declared (in usd per share) | $ / shares			$ 0		$ 33.76
Dividends paid			$ 1		$ 3
Dividends paid (in usd per share) | $ / shares			$ 16.88		$ 50.64
Redemption of stock (in shares) | shares	40,250
Carrying value	$ 41
Aggregate redemption value	$ 40
Excess of carrying value over redemption value			$ 1		$ 1
Series B Preferred Stock
Dividends Payable [Line Items]
Preferred stock dividend (as a percent)				6.375%
Dividends declared		$ 1	$ 1	$ 4	$ 3
Dividends declared (in usd per share) | $ / shares		$ 15.94	$ 15.94	$ 47.82	$ 47.82
Dividends paid		$ 1	$ 1	$ 4	$ 3
Dividends paid (in usd per share) | $ / shares		$ 15.94	$ 15.94	$ 47.82	$ 47.82
Carrying value		$ 79		$ 79		$ 79
Series A Depositary Shares
Dividends Payable [Line Items]
Depositary shares ratio	0.025

SHAREHOLDERS' EQUITY, Common St

SHAREHOLDERS' EQUITY, Common Stock Outstanding Roll Forward (Details) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period (in shares)	207,300,000	211,600,000	208,769,095	215,100,000
Repurchases of common stock under the Board of Directors’ common stock repurchase authorization (in shares)	(2,000,000)	(3,300,000)	(5,100,000)	(8,400,000)
Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures (in shares)	300,000	200,000	1,900,000	1,800,000
Balance end of period (in shares)	205,573,733	208,500,000	205,573,733	208,500,000

SHAREHOLDERS' EQUITY, Share Rep

SHAREHOLDERS' EQUITY, Share Repurchases Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Nov. 30, 2023
Equity [Abstract]
Share repurchases, authorized amount					$ 1,500
Repurchases of common stock (in shares)	2	3.3	5.1	8.4
Shares repurchased	$ 243		$ 600
Shares repurchased (in usd per share)	$ 121.98		$ 117.71
Share repurchases, remaining authorized amount	$ 944		$ 944

SHAREHOLDERS' EQUITY, Common _2

SHAREHOLDERS' EQUITY, Common Stock Dividends Declared and Paid (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Dividends per common share - declared (in usd per share)	$ 0.45	$ 0.42	$ 1.35	$ 1.26
Dividends per common share - paid (in usd per share)	$ 0.45	$ 0.42	$ 1.32	$ 1.18
Dividend payout ratio	19.50%	24.60%	19.70%	21.20%

SHAREHOLDERS' EQUITY, Schedule

SHAREHOLDERS' EQUITY, Schedule of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period			$ 10,187
OCI:
OCI before reclassifications and taxes	$ 20	$ (62)	362	$ 192
Amounts reclassified from AOCI, before tax	(7)	(9)	(26)	(22)
Pre-tax net OCI	13	(71)	336	170
Income tax effect	(6)	27	(82)	(30)
Total other comprehensive income/(loss), net of tax	7	(44)	254	140
Balance end of period	11,190	9,922	11,190	9,922
Accumulated other comprehensive (loss) income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	(724)	(798)	(971)	(982)
OCI:
Balance end of period	(717)	(842)	(717)	(842)
Subtotal: net investment hedges and currency translations
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	(55)	(70)	(73)	(123)
OCI:
OCI before reclassifications and taxes	2	14	20	62
Amounts reclassified from AOCI, before tax	0	0	0	0
Pre-tax net OCI	2	14	20	62
Income tax effect	(4)	6	(4)	11
Total other comprehensive income/(loss), net of tax	(2)	20	16	73
Balance end of period	(57)	(50)	(57)	(50)
Net investment hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	143	136	143	153
OCI:
OCI before reclassifications and taxes	14	(22)	14	(45)
Amounts reclassified from AOCI, before tax	0	0	0	0
Pre-tax net OCI	14	(22)	14	(45)
Income tax effect	(4)	6	(4)	12
Total other comprehensive income/(loss), net of tax	10	(16)	10	(33)
Balance end of period	153	120	153	120
Currency translations
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	(198)	(206)	(216)	(276)
OCI:
OCI before reclassifications and taxes	(12)	36	6	107
Amounts reclassified from AOCI, before tax	0	0	0	0
Pre-tax net OCI	(12)	36	6	107
Income tax effect	0	0	0	(1)
Total other comprehensive income/(loss), net of tax	(12)	36	6	106
Balance end of period	(210)	(170)	(210)	(170)
Available- for-sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	(698)	(758)	(942)	(902)
OCI:
OCI before reclassifications and taxes	14	(102)	338	109
Amounts reclassified from AOCI, before tax	0	0	0	0
Pre-tax net OCI	14	(102)	338	109
Income tax effect	(3)	26	(83)	(41)
Total other comprehensive income/(loss), net of tax	11	(76)	255	68
Balance end of period	(687)	(834)	(687)	(834)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance beginning of period	29	30	44	43
OCI:
OCI before reclassifications and taxes	4	26	4	21
Amounts reclassified from AOCI, before tax	(7)	(9)	(26)	(22)
Pre-tax net OCI	(3)	17	(22)	(1)
Income tax effect	1	(5)	5	0
Total other comprehensive income/(loss), net of tax	(2)	12	(17)	(1)
Balance end of period	$ 27	$ 42	$ 27	$ 42

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Principal transactions	$ 116	$ 105	$ 369	$ 364
All other	21	36	45	65
Total non-interest revenues	2,705	2,306	7,761	6,748
Interest income	1,057	987	3,159	2,729
Total revenues	3,762	3,293	10,920	9,477
Interest expense	(534)	(386)	(1,561)	(911)
Net revenues	3,228	2,907	9,359	8,566
Receivables related to contracts with customers	595		595		$ 519
Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,611	1,373	4,534	3,917
Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	416	356	1,213	1,077
Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	144	137	424	404
Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	130	103	382	320
Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	142	116	407	353
Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	532	461	1,582	1,441
Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	328	264	982	811
Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	120	103	345	306
RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	149	107	461	344
Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	59	54	176	161
Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	183	151	543	446
Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	91	88	316	277
Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	43	35	111	96
Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	49	28	116	73
Total other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	51	57	120	133
Noninterest income	51	57	120	133
Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	30	21	75	68
Operating segments | Private Client Group
Disaggregation of Revenue [Line Items]
Principal transactions	26	25	84	81
All other	13	25	23	40
Total non-interest revenues	2,327	2,093	6,710	6,125
Interest income	121	114	361	340
Total revenues	2,448	2,207	7,071	6,465
Interest expense	(32)	(25)	(88)	(76)
Net revenues	2,416	2,182	6,983	6,389
Operating segments | Private Client Group | Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,364	1,164	3,838	3,319
Operating segments | Private Client Group | Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	383	324	1,114	977
Operating segments | Private Client Group | Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	142	135	419	398
Operating segments | Private Client Group | Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	130	103	382	320
Operating segments | Private Client Group | Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	111	86	313	259
Operating segments | Private Client Group | Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	409	349	1,198	1,058
Operating segments | Private Client Group | Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	531	546	1,622	1,681
Operating segments | Private Client Group | Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	118	103	339	306
Operating segments | Private Client Group | RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	347	384	1,088	1,200
Operating segments | Private Client Group | Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	66	59	195	175
Operating segments | Private Client Group | Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10	9	29	27
Operating segments | Private Client Group | Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Private Client Group | Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10	9	29	27
Operating segments | Private Client Group | Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Private Client Group | Total other
Disaggregation of Revenue [Line Items]
Noninterest income	13	25	23	40
Operating segments | Private Client Group | Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Capital Markets
Disaggregation of Revenue [Line Items]
Principal transactions	87	78	278	274
All other	2	0	3	1
Total non-interest revenues	328	276	984	872
Interest income	32	21	81	65
Total revenues	360	297	1,065	937
Interest expense	(30)	(21)	(76)	(64)
Net revenues	330	276	989	873
Operating segments | Capital Markets | Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	1	1	2
Operating segments | Capital Markets | Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	34	32	105	100
Operating segments | Capital Markets | Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1	1	4	4
Operating segments | Capital Markets | Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Capital Markets | Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	33	31	101	96
Operating segments | Capital Markets | Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	121	110	383	374
Operating segments | Capital Markets | Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2	3	8	8
Operating segments | Capital Markets | Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Capital Markets | RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1	1	4	3
Operating segments | Capital Markets | Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1	2	4	5
Operating segments | Capital Markets | Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	173	141	514	419
Operating segments | Capital Markets | Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	91	88	316	277
Operating segments | Capital Markets | Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	33	25	82	69
Operating segments | Capital Markets | Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	49	28	116	73
Operating segments | Capital Markets | Total other
Disaggregation of Revenue [Line Items]
Noninterest income	32	21	78	69
Operating segments | Capital Markets | Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	30	21	75	68
Operating segments | Asset Management
Disaggregation of Revenue [Line Items]
Principal transactions	0	0	0	0
All other	1	0	2	2
Total non-interest revenues	261	224	742	642
Interest income	4	2	10	7
Total revenues	265	226	752	649
Interest expense	0	0	0	0
Net revenues	265	226	752	649
Operating segments | Asset Management | Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	254	217	720	620
Operating segments | Asset Management | Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1	2	4	4
Operating segments | Asset Management | Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1	2	4	4
Operating segments | Asset Management | Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	1	2	4	4
Operating segments | Asset Management | Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	5	5	16	16
Operating segments | Asset Management | Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2	0	7	1
Operating segments | Asset Management | RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	3	5	9	15
Operating segments | Asset Management | Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Asset Management | Total other
Disaggregation of Revenue [Line Items]
Noninterest income	1	0	2	2
Operating segments | Asset Management | Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank
Disaggregation of Revenue [Line Items]
Principal transactions	3	3	7	11
All other	9	14	31	33
Total non-interest revenues	12	17	38	44
Interest income	867	826	2,607	2,251
Total revenues	879	843	2,645	2,295
Interest expense	(461)	(329)	(1,362)	(733)
Net revenues	418	514	1,283	1,562
Operating segments | Bank | Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	3	3	7	11
Operating segments | Bank | Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Operating segments | Bank | Total other
Disaggregation of Revenue [Line Items]
Noninterest income	9	14	31	33
Operating segments | Bank | Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Other and intersegment eliminations
Disaggregation of Revenue [Line Items]
Principal transactions	0	(1)	0	(2)
All other	(4)	(3)	(14)	(11)
Total non-interest revenues	(223)	(304)	(713)	(935)
Interest income	33	24	100	66
Total revenues	(190)	(280)	(613)	(869)
Interest expense	(11)	(11)	(35)	(38)
Net revenues	(201)	(291)	(648)	(907)
Other and intersegment eliminations | Asset management and related administrative fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(7)	(9)	(25)	(24)
Other and intersegment eliminations | Subtotal securities commissions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(2)	(2)	(10)	(4)
Other and intersegment eliminations | Mutual and other fund products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	(1)	(3)	(2)
Other and intersegment eliminations | Insurance and annuity products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Other and intersegment eliminations | Equities, exchange-traded funds (“ETFs”) and fixed income products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(2)	(1)	(7)	(2)
Other and intersegment eliminations | Total brokerage revenues
Disaggregation of Revenue [Line Items]
Total brokerage revenues	(2)	(3)	(10)	(6)
Other and intersegment eliminations | Account and service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(210)	(290)	(664)	(894)
Other and intersegment eliminations | Mutual fund and annuity service fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	(1)	(1)
Other and intersegment eliminations | RJBDP fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(199)	(278)	(631)	(859)
Other and intersegment eliminations | Client account and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(11)	(12)	(32)	(34)
Other and intersegment eliminations | Investment banking
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	1	0	0
Other and intersegment eliminations | Merger & acquisition and advisory
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Other and intersegment eliminations | Equity underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	1	0	0
Other and intersegment eliminations | Debt underwriting
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0	0
Other and intersegment eliminations | Total other
Disaggregation of Revenue [Line Items]
Noninterest income	(4)	(3)	(14)	(11)
Other and intersegment eliminations | Affordable housing investments business revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 0	$ 0	$ 0	$ 0

INTEREST INCOME AND INTEREST _3

INTEREST INCOME AND INTEREST EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Cash and cash equivalents	$ 121	$ 109	$ 381	$ 239
Assets segregated for regulatory purposes and restricted cash	46	47	140	152
Trading assets — debt securities	20	13	54	40
Available-for-sale securities	55	56	167	163
Brokerage client receivables	48	42	140	124
Bank loans, net	736	698	2,197	1,954
All other	31	22	80	57
Total interest income	1,057	987	3,159	2,729
Interest expense:
Bank deposits	446	312	1,318	690
Trading liabilities — debt securities	11	9	33	26
Brokerage client payables	22	17	63	57
Other borrowings	7	12	23	30
Senior notes payable	23	23	69	69
All other	25	13	55	39
Total interest expense	534	386	1,561	911
Net interest income	523	601	1,598	1,818
Bank loan provision/(benefit) for credit losses	(10)	54	23	96
Net interest income after bank loan provision/(benefit) for credit losses	$ 533	$ 547	$ 1,575	$ 1,722

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024 USD ($) plan $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) plan $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan	1		1
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted during period (in shares) | shares	90	47	1,900	2,100
RSUs granted during period, weighted-average grant-date fair value (in usd per share) | $ / shares	$ 125.42	$ 90.86	$ 108.09	$ 116.18
Compensation expense	$ 51	$ 50	$ 191	$ 180
Total pre-tax compensation costs not yet recognized, net of forfeitures	337		$ 337
Compensation costs not yet recognized, period of recognition (in years)			3 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	1	$ 2	$ 5	$ 7
Total pre-tax compensation costs not yet recognized, net of forfeitures	$ 7		$ 7
Compensation costs not yet recognized, period of recognition (in years)			2 years

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS, RJF and RJB (Details) $ in Millions	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Raymond James Financial Inc
Tier 1 leverage
Actual, amount	$ 10,092	$ 9,321
Actual, ratio	0.127	0.119
Requirement for capital adequacy purposes, amount	$ 3,191	$ 3,123
Requirement for capital adequacy purposes, ratio (in hundredths)	0.040	0.040
To be well capitalized under regulatory provisions, amount	$ 3,989	$ 3,904
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.050	0.050
Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 10,092	$ 9,321
Actual, ratio	0.222	0.214
Requirement for capital adequacy purposes, amount	$ 2,726	$ 2,613
Requirement for capital adequacy purposes, ratio (in hundredths)	0.060	0.060
To be well capitalized under regulatory provisions, amount	$ 3,635	$ 3,484
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.080	0.080
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 10,016	$ 9,245
Actual, ratio	22%	21.20%
Requirement for capital adequacy purposes, amount	$ 2,045	$ 1,960
Requirement for capital adequacy purposes, ratio (in hundredths)	0.045	0.045
To be well capitalized under regulatory provisions, amount	$ 2,953	$ 2,831
To be well capitalized under regulatory provisions, ratio (in hundredths)	6.50%	6.50%
Total Capital (to Risk-Weighted Assets)
Actual, amount	$ 10,707	$ 9,934
Actual ratio	0.236	0.228
Requirement for capital adequacy purposes, amount	$ 3,635	$ 3,484
Requirement for capital adequacy purposes, ratio (in hundredths)	0.080	0.080
To be well capitalized under regulatory provisions, amount	$ 4,544	$ 4,355
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.100	0.100
Raymond James Bank
Tier 1 leverage
Actual, amount	$ 3,392	$ 3,355
Actual, ratio	0.082	0.078
Requirement for capital adequacy purposes, amount	$ 1,654	$ 1,710
Requirement for capital adequacy purposes, ratio (in hundredths)	0.040	0.040
To be well capitalized under regulatory provisions, amount	$ 2,068	$ 2,137
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.050	0.050
Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 3,392	$ 3,355
Actual, ratio	0.142	0.137
Requirement for capital adequacy purposes, amount	$ 1,435	$ 1,465
Requirement for capital adequacy purposes, ratio (in hundredths)	0.060	0.060
To be well capitalized under regulatory provisions, amount	$ 1,913	$ 1,954
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.080	0.080
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 3,392	$ 3,355
Actual, ratio	14.20%	13.70%
Requirement for capital adequacy purposes, amount	$ 1,076	$ 1,099
Requirement for capital adequacy purposes, ratio (in hundredths)	0.045	0.045
To be well capitalized under regulatory provisions, amount	$ 1,555	$ 1,587
To be well capitalized under regulatory provisions, ratio (in hundredths)	6.50%	6.50%
Total Capital (to Risk-Weighted Assets)
Actual, amount	$ 3,693	$ 3,662
Actual ratio	0.154	0.150
Requirement for capital adequacy purposes, amount	$ 1,913	$ 1,954
Requirement for capital adequacy purposes, ratio (in hundredths)	0.080	0.080
To be well capitalized under regulatory provisions, amount	$ 2,392	$ 2,442
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.100	0.100
TriState Capital Bank
Tier 1 leverage
Actual, amount	$ 1,457	$ 1,290
Actual, ratio	0.074	0.072
Requirement for capital adequacy purposes, amount	$ 792	$ 721
Requirement for capital adequacy purposes, ratio (in hundredths)	0.040	0.040
To be well capitalized under regulatory provisions, amount	$ 990	$ 902
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.050	0.050
Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 1,457	$ 1,290
Actual, ratio	0.165	0.148
Requirement for capital adequacy purposes, amount	$ 530	$ 524
Requirement for capital adequacy purposes, ratio (in hundredths)	0.060	0.060
To be well capitalized under regulatory provisions, amount	$ 707	$ 699
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.080	0.080
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, amount	$ 1,457	$ 1,290
Actual, ratio	16.50%	14.80%
Requirement for capital adequacy purposes, amount	$ 398	$ 393
Requirement for capital adequacy purposes, ratio (in hundredths)	0.045	0.045
To be well capitalized under regulatory provisions, amount	$ 575	$ 568
To be well capitalized under regulatory provisions, ratio (in hundredths)	6.50%	6.50%
Total Capital (to Risk-Weighted Assets)
Actual, amount	$ 1,509	$ 1,333
Actual ratio	0.171	0.153
Requirement for capital adequacy purposes, amount	$ 707	$ 699
Requirement for capital adequacy purposes, ratio (in hundredths)	0.080	0.080
To be well capitalized under regulatory provisions, amount	$ 884	$ 874
To be well capitalized under regulatory provisions, ratio (in hundredths)	0.100	0.100

REGULATORY CAPITAL REQUIREMEN_4

REGULATORY CAPITAL REQUIREMENTS, RJ&A (Details) - Raymond James & Associates Inc - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Schedule Of Compliance With Regulatory Capital Requirements, Broker-Dealer [Line Items]
Net capital as a percent of aggregate debit items	33.70%	43.30%
Net capital	$ 1,011	$ 1,035
Less: required net capital	(60)	(48)
Excess net capital	$ 951	$ 987

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income for basic earnings per common share:
Net income available to common shareholders	$ 491	$ 369	$ 1,462	$ 1,301
Less allocation of earnings and dividends to participating securities	(1)	(1)	(3)	(4)
Net income available to common shareholders after participating securities	490	368	1,459	1,297
Income for diluted earnings per common share:
Net income available to common shareholders	491	369	1,462	1,301
Less allocation of earnings and dividends to participating securities	(1)	(1)	(3)	(4)
Net income available to common shareholders after participating securities	$ 490	$ 368	$ 1,459	$ 1,297
Common shares:
Average common shares in basic computation (in shares)	206.8	210.1	207.9	213
Dilutive effect of outstanding stock options and certain RSUs (in shares)	5.5	4.7	5.2	5
Average common and common equivalent shares used in diluted computation (in shares)	212.3	214.8	213.1	218
Earnings per common share:
Basic (in usd per share)	$ 2.37	$ 1.75	$ 7.02	$ 6.09
Diluted (in usd per share)	$ 2.31	$ 1.71	$ 6.85	$ 5.95
Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive (in shares)	0.1	1.8	0.1	1.4

SEGMENT INFORMATION, Informatio

SEGMENT INFORMATION, Information Concerning Operations (Details) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			5
Net revenues:
Total net revenues	$ 3,228	$ 2,907	$ 9,359	$ 8,566
Pre-tax income/(loss):
Total pre-tax income	644	486	1,883	1,695
Net interest income (expense):
Net interest income	523	601	1,598	1,818
Total assets:
Total assets	80,628		80,628		$ 78,360
Goodwill and Intangible Assets:
Goodwill	1,442		1,442		1,437
Operating segments | Private Client Group
Net revenues:
Total net revenues	2,416	2,182	6,983	6,389
Pre-tax income/(loss):
Total pre-tax income	441	411	1,324	1,286
Net interest income (expense):
Net interest income	89	89	273	264
Total assets:
Total assets	13,636		13,636		12,375
Goodwill and Intangible Assets:
Goodwill	569		569		564
Operating segments | Capital Markets
Net revenues:
Total net revenues	330	276	989	873
Pre-tax income/(loss):
Total pre-tax income	(14)	(34)	(28)	(84)
Net interest income (expense):
Net interest income	2	0	5	1
Total assets:
Total assets	3,266		3,266		3,087
Goodwill and Intangible Assets:
Goodwill	275		275		275
Operating segments | Asset Management
Net revenues:
Total net revenues	265	226	752	649
Pre-tax income/(loss):
Total pre-tax income	112	89	305	251
Net interest income (expense):
Net interest income	4	2	10	7
Total assets:
Total assets	596		596		567
Goodwill and Intangible Assets:
Goodwill	69		69		69
Operating segments | Bank
Net revenues:
Total net revenues	418	514	1,283	1,562
Pre-tax income/(loss):
Total pre-tax income	115	66	282	293
Net interest income (expense):
Net interest income	406	497	1,245	1,518
Total assets:
Total assets	60,574		60,574		60,041
Goodwill and Intangible Assets:
Goodwill	529		529		529
Operating segments | Other
Net revenues:
Total net revenues	28	15	71	34
Pre-tax income/(loss):
Total pre-tax income	(10)	(46)	0	(51)
Net interest income (expense):
Net interest income	22	13	65	28
Total assets:
Total assets	2,556		2,556		$ 2,290
Intersegment eliminations
Net revenues:
Total net revenues	$ (229)	$ (306)	$ (719)	$ (941)

SEGMENT INFORMATION, Classified

SEGMENT INFORMATION, Classified by Major Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Net revenues:
Total revenues	$ 3,228	$ 2,907	$ 9,359	$ 8,566
Pre-tax income/(loss):
Total pre-tax income	644	486	1,883	1,695
Total assets:
Total assets	80,628		80,628		$ 78,360
Goodwill and Intangible Assets:
Goodwill	1,442		1,442		1,437
U.S.
Net revenues:
Total revenues	2,950	2,652	8,557	7,819
Pre-tax income/(loss):
Total pre-tax income	615	492	1,801	1,625
Total assets:
Total assets	74,881		74,881		72,506
Goodwill and Intangible Assets:
Goodwill	1,250		1,250		1,250
Canada
Net revenues:
Total revenues	154	140	448	418
Pre-tax income/(loss):
Total pre-tax income	31	17	95	84
Total assets:
Total assets	3,274		3,274		3,404
Goodwill and Intangible Assets:
Goodwill	24		24		25
Europe
Net revenues:
Total revenues	124	115	354	329
Pre-tax income/(loss):
Total pre-tax income	(2)	$ (23)	(13)	$ (14)
Total assets:
Total assets	2,473		2,473		2,450
Goodwill and Intangible Assets:
Goodwill	$ 168		$ 168		$ 162