| Schedule of Net Revenues, Expenses and Total Assets by Segment |
Our net revenues, non-interest expenses and earnings before income taxes by reportable business segment are summarized below (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 31, | | Six Months Ended May 31, | | 2022 | | 2021 | | 2022 | | 2021 | | Investment Banking and Capital Markets: | | | | | | | | | Net revenues | $ | 1,098.4 | | | $ | 1,573.1 | | | $ | 2,580.2 | | | $ | 3,531.9 | | | Non-interest expenses | 910.4 | | | 1,146.4 | | | 1,971.3 | | | 2,562.6 | | | Earnings before income taxes | $ | 188.0 | | | $ | 426.7 | | | $ | 608.9 | | | $ | 969.3 | | | Asset Management: | | | | | | | | | Net revenues | $ | 31.1 | | | $ | 44.3 | | | $ | 91.1 | | | $ | 214.9 | | | Non-interest expenses | 30.1 | | | 41.7 | | | 74.1 | | | 83.7 | | | Earnings before income taxes | $ | 1.0 | | | $ | 2.6 | | | $ | 17.0 | | | $ | 131.2 | | | Total: | | | | | | | | | Net revenues | $ | 1,129.5 | | | $ | 1,617.4 | | | $ | 2,671.3 | | | $ | 3,746.8 | | | Non-interest expenses | 940.5 | | | 1,188.1 | | | 2,045.4 | | | 2,646.3 | | | Earnings before income taxes | $ | 189.0 | | | $ | 429.3 | | | $ | 625.9 | | | $ | 1,100.5 | |
The following table summarizes our total assets by reportable business segment (in millions): | | | | | | | | | | | | | May 31, 2022 | | November 30, 2021 | | Investment Banking and Capital Markets | $ | 49,837.8 | | | $ | 51,697.4 | | | Asset Management | 3,318.5 | | | 3,071.5 | | | Total assets | $ | 53,156.3 | | | $ | 54,768.9 | |
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| Summary Net Revenues by Geographic Region |
Net revenues by geographic region were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 31, | | Six Months Ended May 31, | | 2022 | | 2021 | | 2022 | | 2021 | | Americas (1) | $ | 839.5 | | | $ | 1,255.3 | | | $ | 2,050.6 | | | $ | 3,005.9 | | | Europe (2) | 213.3 | | | 289.4 | | | 468.3 | | | 588.2 | | | Asia Pacific | 76.7 | | | 72.7 | | | 152.4 | | | 152.7 | | | Net revenues | $ | 1,129.5 | | | $ | 1,617.4 | | | $ | 2,671.3 | | | $ | 3,746.8 | |
(1)Substantially all relates to U.S. results. (2)Substantially all relates to U.K. and Germany results.
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