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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Commissions $ 269 $ 173
Other fees and services 38 35
Other income (loss) (31) 104
Total non-interest income 276 312
Interest income 369 408
Interest expense (113) (162)
Total net interest income 256 246
Total net revenues 532 558
Non-interest expenses:    
Execution, clearing and distribution fees 77 61
Employee compensation and benefits 80 71
Occupancy, depreciation and amortization 17 14
Communications 6 6
General and administrative 37 24
Customer bad debt 7 43
Total non-interest expenses 224 219
Income before income taxes 308 339
Income tax expense 18 15
Net income 290 324
Less net income attributable to noncontrolling interests 244 275
Net income available for common stockholders $ 46 $ 49
Earnings per share:    
Basic $ 0.60 $ 0.65
Diluted $ 0.60 $ 0.64
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 76,751,168 75,101,062
Weighted Average Number of Shares Outstanding, Diluted 77,568,464 75,977,511
Comprehensive income:    
Net income available for common stockholders $ 46 $ 49
Other comprehensive income:    
Cumulative translation adjustment, before income taxes (7) (1)
Other comprehensive income (loss), net of tax (7) (1)
Comprehensive income available for common stockholders 39 48
Comprehensive income attributable to noncontrolling interests:    
Net income attributable to noncontrolling interests 244 275
Other comprehensive income - cumulative translation adjustment (31) (1)
Comprehensive income attributable to noncontrolling interests $ 213 $ 274