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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Commissions $ 1,350 $ 1,112 $ 706
Other fees and services 218 175 141
Other income (loss) (2) 59 7
Total non-interest income 1,566 1,346 854
Interest income 1,372 1,133 1,726
Interest expense (224) (261) (643)
Total net interest income 1,148 872 1,083
Total net revenues 2,714 2,218 1,937
Non-interest expenses:      
Execution, clearing and distribution fees 236 293 251
Employee compensation and benefits 399 325 288
Occupancy, depreciation and amortization 80 69 60
Communications 33 26 25
General and administrative 176 236 112
Customer bad debt 3 13 44
Total non-interest expenses 927 962 780
Income before income taxes 1,787 1,256 1,157
Income tax expense 151 77 68
Net income 1,636 1,179 1,089
Less net income attributable to noncontrolling interests 1,328 984 928
Net income available for common stockholders $ 308 $ 195 $ 161
Earnings per share:      
Basic $ 3.27 $ 2.44 $ 2.11
Diluted $ 3.24 $ 2.42 $ 2.10
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 94,167,572 79,939,289 76,121,570
Weighted Average Number of Shares Outstanding, Diluted 95,009,880 80,638,908 76,825,863
Comprehensive income:      
Net income available for common stockholders $ 308 $ 195 $ 161
Other comprehensive income:      
Cumulative translation adjustment, before income taxes (22) 26 4
Other comprehensive income (loss), net of tax (22) 26 4
Comprehensive income available for common stockholders 286 221 165
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 1,328 984 928
Other comprehensive income - cumulative translation adjustment (75) 98 20
Comprehensive income attributable to noncontrolling interests $ 1,253 $ 1,082 $ 948