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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Commissions $ 307 $ 276 $ 719 $ 545
Other fees and services 55 40 111 78
Other income 118 27 238 (4)
Total non-interest income 480 343 1,068 619
Interest income 307 244 697 613
Interest expense (33) (48) (118) (161)
Total net interest income 274 196 579 452
Total net revenues 754 539 1,647 1,071
Non-interest expenses:        
Execution, clearing and distribution fees 54 76 122 153
Employee compensation and benefits 96 82 193 162
Occupancy, depreciation and amortization 19 17 39 34
Communications 8 7 16 13
General and administrative 35 132 94 169
Customer bad debt 1 3 3 10
Total non-interest expenses 213 317 467 541
Income before income taxes 541 222 1,180 530
Income tax expense 35 15 88 33
Net income 506 207 1,092 497
Less net income attributable to noncontrolling interests 414 175 893 419
Net income available for common stockholders $ 92 $ 32 $ 199 $ 78
Earnings per share:        
Basic $ 1.01 $ 0.41 $ 2.19 $ 1.01
Diluted $ 1.00 $ 0.40 $ 2.17 $ 1.00
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 91,365,234 77,357,609 91,078,868 77,054,388
Weighted Average Number of Shares Outstanding, Diluted 92,199,169 78,031,462 91,984,246 77,799,963
Comprehensive income:        
Net income available for common stockholders $ 92 $ 32 $ 199 $ 78
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 5 4 (12) (3)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax 5 4 (12) (3)
Comprehensive income available for common stockholders 97 36 187 75
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 414 175 893 419
Other comprehensive income - cumulative translation adjustment 16 18 (43) (13)
Comprehensive income attributable to noncontrolling interests $ 430 $ 193 $ 850 $ 406