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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Commissions $ 777 $ 647 $ 612
Interest income 1,392 908 606
Trading gains 39 40 163
Other income 158 332 94
Total revenues 2,366 1,927 1,475
Interest expense 463 225 79
Total net revenues 1,903 1,702 1,396
Non-interest expenses:      
Execution, clearing and distribution fees 269 241 244
Employee compensation and benefits 264 249 242
Occupancy, depreciation and amortization 49 47 51
Communications 25 28 30
General and administrative 96 86 62
Customer bad debt 4 2 6
Total non-interest expenses 707 653 635
Income before income taxes 1,196 1,049 761
Income tax expense 71 256 62
Net income 1,125 793 699
Less net income attributable to noncontrolling interests 956 717 615
Net income available for common stockholders $ 169 $ 76 $ 84
Earnings per share:      
Basic $ 2.30 $ 1.09 $ 1.28
Diluted $ 2.28 $ 1.07 $ 1.25
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 73,438,209 69,926,933 66,013,247
Weighted Average Number of Shares Outstanding, Diluted 74,266,370 70,904,921 67,299,413
Comprehensive income:      
Net income available for common stockholders $ 169 $ 76 $ 84
Other comprehensive income:      
Cumulative translation adjustment, before income taxes (14) 11 (4)
Income taxes related to items of other comprehensive income (1)    
Other comprehensive income (loss), net of tax (13) 11 (4)
Comprehensive income available for common stockholders 156 87 80
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 956 717 615
Other comprehensive income - cumulative translation adjustment (66) 54 (21)
Comprehensive income attributable to noncontrolling interests $ 890 $ 771 $ 594