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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Commissions $ 1,322 $ 1,350 $ 1,112
Other fees and services 184 218 175
Other income (loss) (107) (2) 59
Total non-interest income 1,399 1,566 1,346
Interest income 2,686 1,372 1,133
Interest expense (1,018) (224) (261)
Total net interest income 1,668 1,148 872
Total net revenues 3,067 2,714 2,218
Non-interest expenses:      
Execution, clearing and distribution fees 324 236 293
Employee compensation and benefits 454 399 325
Occupancy, depreciation and amortization 90 80 69
Communications 33 33 26
General and administrative 165 176 236
Customer bad debt 3 3 13
Total non-interest expenses 1,069 927 962
Income before income taxes 1,998 1,787 1,256
Income tax expense 156 151 77
Net income 1,842 1,636 1,179
Less net income attributable to noncontrolling interests 1,462 1,328 984
Net income available for common stockholders $ 380 $ 308 $ 195
Earnings per share:      
Basic $ 3.78 $ 3.27 $ 2.44
Diluted $ 3.75 $ 3.24 $ 2.42
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 100,460,016 94,167,572 79,939,289
Weighted Average Number of Shares Outstanding, Diluted 101,299,609 95,009,880 80,638,908
Comprehensive income:      
Net income available for common stockholders $ 380 $ 308 $ 195
Other comprehensive income:      
Cumulative translation adjustment, before income taxes (26) (22) 26
Other comprehensive income (loss), net of tax (26) (22) 26
Comprehensive income available for common stockholders 354 286 221
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 1,462 1,328 984
Other comprehensive income - cumulative translation adjustment (85) (75) 98
Comprehensive income attributable to noncontrolling interests $ 1,377 $ 1,253 $ 1,082