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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Commissions $ 279 $ 187 $ 824 $ 538
Other fees and services 45 35 123 105
Other income (loss) 29 (47) 25 (2)
Total non-interest income 353 175 972 641
Interest income 240 468 853 1,308
Interest expense (45) (177) (206) (512)
Total net interest income 195 291 647 796
Total net revenues 548 466 1,619 1,437
Non-interest expenses:        
Execution, clearing and distribution fees 74 68 227 192
Employee compensation and benefits 77 67 239 213
Occupancy, depreciation and amortization 17 15 51 43
Communications 6 7 19 19
General and administrative 37 30 206 80
Customer bad debt 3 (2) 13 45
Total non-interest expenses 214 185 755 592
Income before income taxes 334 281 864 845
Income tax expense 32 20 65 50
Net income 302 261 799 795
Less net income attributable to noncontrolling interests 256 225 675 678
Net income available for common stockholders $ 46 $ 36 $ 124 $ 117
Earnings per share:        
Basic $ 0.59 $ 0.46 $ 1.60 $ 1.54
Diluted $ 0.58 $ 0.45 $ 1.58 $ 1.52
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 78,509,625 76,742,789 77,543,008 75,910,080
Weighted Average Number of Shares Outstanding, Diluted 79,120,548 77,348,976 78,243,699 76,646,487
Comprehensive income:        
Net income available for common stockholders $ 46 $ 36 $ 124 $ 117
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 8 (6) 5 (3)
Other comprehensive income (loss), net of tax 8 (6) 5 (3)
Comprehensive income available for common stockholders 54 30 129 114
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 256 225 675 678
Other comprehensive income - cumulative translation adjustment 37 (22) 24 (11)
Comprehensive income attributable to noncontrolling interests $ 293 $ 203 $ 699 $ 667