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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Commissions $ 276 $ 178 $ 545 $ 351
Other fees and services 40 35 78 70
Other income (loss) 27 (59) (4) 45
Total non-interest income 343 154 619 466
Interest income 244 432 613 840
Interest expense (48) (173) (161) (335)
Total net interest income 196 259 452 505
Total net revenues 539 413 1,071 971
Non-interest expenses:        
Execution, clearing and distribution fees 76 63 153 124
Employee compensation and benefits 82 75 162 146
Occupancy, depreciation and amortization 17 14 34 28
Communications 7 6 13 12
General and administrative 132 26 169 50
Customer bad debt 3 4 10 47
Total non-interest expenses 317 188 541 407
Income before income taxes 222 225 530 564
Income tax expense 15 15 33 30
Net income 207 210 497 534
Less net income attributable to noncontrolling interests 175 178 419 453
Net income available for common stockholders $ 32 $ 32 $ 78 $ 81
Earnings per share:        
Basic $ 0.41 $ 0.43 $ 1.01 $ 1.08
Diluted $ 0.40 $ 0.43 $ 1.00 $ 1.07
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 77,357,609 75,868,349 77,054,388 75,486,825
Weighted Average Number of Shares Outstanding, Diluted 78,031,462 76,594,934 77,799,963 76,288,342
Comprehensive income:        
Net income available for common stockholders $ 32 $ 32 $ 78 $ 81
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 4 4 (3) 3
Other comprehensive income (loss), net of tax 4 4 (3) 3
Comprehensive income available for common stockholders 36 36 75 84
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 175 178 419 453
Other comprehensive income - cumulative translation adjustment 18 12 (13) 11
Comprehensive income attributable to noncontrolling interests $ 193 $ 190 $ 406 $ 464