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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Commissions $ 706 $ 777 $ 647
Interest income 1,726 1,392 908
Trading gains 27 39 40
Other income (loss) 121 158 332
Total revenues 2,580 2,366 1,927
Interest expense 643 463 225
Total net revenues 1,937 1,903 1,702
Non-interest expenses:      
Execution, clearing and distribution fees 251 269 241
Employee compensation and benefits 288 264 249
Occupancy, depreciation and amortization 60 49 47
Communications 25 25 28
General and administrative 112 96 86
Customer bad debt 44 4 2
Total non-interest expenses 780 707 653
Income before income taxes 1,157 1,196 1,049
Income tax expense 68 71 256
Net income 1,089 1,125 793
Less net income attributable to noncontrolling interests 928 956 717
Net income available for common stockholders $ 161 $ 169 $ 76
Earnings per share:      
Basic $ 2.11 $ 2.30 $ 1.09
Diluted $ 2.10 $ 2.28 $ 1.07
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 76,121,570 73,438,209 69,926,933
Weighted Average Number of Shares Outstanding, Diluted 76,825,863 74,266,370 70,904,921
Comprehensive income:      
Net income available for common stockholders $ 161 $ 169 $ 76
Other comprehensive income:      
Cumulative translation adjustment, before income taxes 4 (14) 11
Income taxes related to items of other comprehensive income   (1)  
Other comprehensive income (loss), net of tax 4 (13) 11
Comprehensive income available for common stockholders 165 156 87
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 928 956 717
Other comprehensive income - cumulative translation adjustment 20 (66) 54
Comprehensive income attributable to noncontrolling interests $ 948 $ 890 $ 771