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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Commissions $ 322 $ 307 $ 671 $ 719
Other fees and services 43 55 96 111
Other income (loss) (57) 118 (96) 238
Total non-interest income 308 480 671 1,068
Interest income 460 307 792 697
Interest expense (112) (33) (162) (118)
Total net interest income 348 274 630 579
Total net revenues 656 754 1,301 1,647
Non-interest expenses:        
Execution, clearing and distribution fees 77 54 148 122
Employee compensation and benefits 112 96 223 193
Occupancy, depreciation and amortization 23 19 45 39
Communications 9 8 17 16
General and administrative 42 35 80 94
Customer bad debt 1 1 2 3
Total non-interest expenses 264 213 515 467
Income before income taxes 392 541 786 1,180
Income tax expense 32 35 60 88
Net income 360 506 726 1,092
Less net income attributable to noncontrolling interests 288 414 581 893
Net income available for common stockholders $ 72 $ 92 $ 145 $ 199
Earnings per share:        
Basic $ 0.73 $ 1.01 $ 1.47 $ 2.19
Diluted $ 0.72 $ 1.00 $ 1.46 $ 2.17
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 98,853,981 91,365,234 98,541,798 91,078,868
Weighted Average Number of Shares Outstanding, Diluted 99,695,489 92,199,169 99,461,867 91,984,246
Comprehensive income:        
Net income available for common stockholders $ 72 $ 92 $ 145 $ 199
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (24) 5 (34) (12)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax (24) 5 (34) (12)
Comprehensive income available for common stockholders 48 97 111 187
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 288 414 581 893
Other comprehensive income - cumulative translation adjustment (81) 16 (112) (43)
Comprehensive income attributable to noncontrolling interests $ 207 $ 430 $ 469 $ 850