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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Commissions $ 320 $ 311 $ 991 $ 1,030
Other fees and services 45 49 141 160
Other income (loss) (48) (170) (144) 68
Total non-interest income 317 190 988 1,258
Interest income 783 325 1,575 1,022
Interest expense (310) (51) (472) (169)
Total net interest income 473 274 1,103 853
Total net revenues 790 464 2,091 2,111
Non-interest expenses:        
Execution, clearing and distribution fees 86 61 234 183
Employee compensation and benefits 112 98 335 291
Occupancy, depreciation and amortization 23 19 68 58
Communications 8 8 25 24
General and administrative 37 44 117 138
Customer bad debt 1   3 3
Total non-interest expenses 267 230 782 697
Income before income taxes 523 234 1,309 1,414
Income tax expense 40 28 100 116
Net income 483 206 1,209 1,298
Less net income attributable to noncontrolling interests 384 164 965 1,057
Net income available for common stockholders $ 99 $ 42 $ 244 $ 241
Earnings per share:        
Basic $ 0.98 $ 0.44 $ 2.45 $ 2.60
Diluted $ 0.97 $ 0.43 $ 2.43 $ 2.58
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 101,818,667 96,229,958 99,646,091 92,814,767
Weighted Average Number of Shares Outstanding, Diluted 102,555,482 96,989,968 100,505,075 93,671,689
Comprehensive income:        
Net income available for common stockholders $ 99 $ 42 $ 244 $ 241
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (30) (9) (64) (21)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax (30) (9) (64) (21)
Comprehensive income available for common stockholders 69 33 180 220
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 384 164 965 1,057
Other comprehensive income - cumulative translation adjustment (93) (31) (205) (74)
Comprehensive income attributable to noncontrolling interests $ 291 $ 133 $ 760 $ 983