<TABLE> <S> <C>
<PAGE>
<ARTICLE> BD
<LEGEND>
This schedule contains summary financial information extracted from the
Condensed Consolidated Statement of Financial Condition at May 31, 2000 and the
Condensed Consolidated Statement of Income for the Six Months ended May 31, 2000
and is qualified in its entirety by reference to such condensed consolidated
financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-2000
<PERIOD-START> DEC-01-1999
<PERIOD-END> MAY-31-2000
<CASH> 41,926
<RECEIVABLES> 64,705
<SECURITIES-RESALE> 60,750
<SECURITIES-BORROWED> 119,315
<INSTRUMENTS-OWNED> 117,140
<PP&E> 2,158
<TOTAL-ASSETS> 417,586
<SHORT-TERM> 50,965
<PAYABLES> 93,756
<REPOS-SOLD> 83,782
<SECURITIES-LOANED> 41,194
<INSTRUMENTS-SOLD> 78,723
<LONG-TERM> 37,355
0
545
<COMMON> 12
<OTHER-SE> 17,553
<TOTAL-LIABILITY-AND-EQUITY> 417,586
<TRADING-REVENUE> 4,778
<INTEREST-DIVIDENDS> 9,872
<COMMISSIONS> 1,956
<INVESTMENT-BANKING-REVENUES> 2,705
<FEE-REVENUE> 3,567
<INTEREST-EXPENSE> 8,352
<COMPENSATION> 6,505
<INCOME-PRETAX> 4,727
<INCOME-PRE-EXTRAORDINARY> 4,727
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,002
<EPS-BASIC> 2.72
<EPS-DILUTED> 2.60
</TABLE>