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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Commissions $ 412 $ 269
Other fees and services 56 38
Other income 120 (31)
Total non-interest income 588 276
Interest income 390 369
Interest expense (85) (113)
Total net interest income 305 256
Total net revenues 893 532
Non-interest expenses:    
Execution, clearing and distribution fees 68 77
Employee compensation and benefits 97 80
Occupancy, depreciation and amortization 20 17
Communications 8 6
General and administrative 59 37
Customer bad debt 2 7
Total non-interest expenses 254 224
Income before income taxes 639 308
Income tax expense 53 18
Net income 586 290
Less net income attributable to noncontrolling interests 479 244
Net income available for common stockholders $ 107 $ 46
Earnings per share:    
Basic $ 1.18 $ 0.60
Diluted $ 1.16 $ 0.60
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 90,789,321 76,751,168
Weighted Average Number of Shares Outstanding, Diluted 91,766,142 77,568,464
Comprehensive income:    
Net income available for common stockholders $ 107 $ 46
Other comprehensive income:    
Cumulative translation adjustment, before income taxes (17) (7)
Income taxes related to items of other comprehensive income
Other comprehensive loss, net of tax (17) (7)
Comprehensive income available for common stockholders 90 39
Comprehensive income attributable to noncontrolling interests:    
Net income attributable to noncontrolling interests 479 244
Other comprehensive income - cumulative translation adjustment (59) (31)
Comprehensive income attributable to noncontrolling interests $ 420 $ 213