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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Commissions $ 311 $ 279 $ 1,030 $ 824
Other fees and services 49 45 160 123
Other income (170) 29 68 25
Total non-interest income 190 353 1,258 972
Interest income 325 240 1,022 853
Interest expense (51) (45) (169) (206)
Total net interest income 274 195 853 647
Total net revenues 464 548 2,111 1,619
Non-interest expenses:        
Execution, clearing and distribution fees 61 74 183 227
Employee compensation and benefits 98 77 291 239
Occupancy, depreciation and amortization 19 17 58 51
Communications 8 6 24 19
General and administrative 44 37 138 206
Customer bad debt   3 3 13
Total non-interest expenses 230 214 697 755
Income before income taxes 234 334 1,414 864
Income tax expense 28 32 116 65
Net income 206 302 1,298 799
Less net income attributable to noncontrolling interests 164 256 1,057 675
Net income available for common stockholders $ 42 $ 46 $ 241 $ 124
Earnings per share:        
Basic $ 0.44 $ 0.59 $ 2.60 $ 1.60
Diluted $ 0.43 $ 0.58 $ 2.58 $ 1.58
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 96,229,958 78,509,625 92,814,767 77,543,008
Weighted Average Number of Shares Outstanding, Diluted 96,989,968 79,120,548 93,671,689 78,243,699
Comprehensive income:        
Net income available for common stockholders $ 42 $ 46 $ 241 $ 124
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (9) 8 (21) 5
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax (9) 8 (21) 5
Comprehensive income available for common stockholders 33 54 220 129
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 164 256 1,057 675
Other comprehensive income - cumulative translation adjustment (31) 37 (74) 24
Comprehensive income attributable to noncontrolling interests $ 133 $ 293 $ 983 $ 699