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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Commissions $ 357 $ 349
Other fees and services 43 53
Other income (loss) 19 (39)
Total non-interest income 419 363
Interest income 1,347 332
Interest expense (710) (50)
Total net interest income 637 282
Total net revenues 1,056 645
Non-interest expenses:    
Execution, clearing and distribution fees 95 71
Employee compensation and benefits 128 111
Occupancy, depreciation and amortization 24 22
Communications 9 8
General and administrative 36 38
Customer bad debt 3 1
Total non-interest expenses 295 251
Income before income taxes 761 394
Income tax expense 61 28
Net income 700 366
Less net income attributable to noncontrolling interests 552 293
Net income available for common stockholders $ 148 $ 73
Earnings per share:    
Basic $ 1.44 $ 0.74
Diluted $ 1.42 $ 0.74
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 102,958,660 98,226,147
Weighted Average Number of Shares Outstanding, Diluted 104,042,571 99,224,776
Comprehensive income:    
Net income available for common stockholders $ 148 $ 73
Other comprehensive income:    
Cumulative translation adjustment, before income taxes 5 (10)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax 5 (10)
Comprehensive income available for common stockholders 153 63
Comprehensive income attributable to noncontrolling interests:    
Net income attributable to noncontrolling interests 552 293
Other comprehensive income - cumulative translation adjustment 14 (31)
Comprehensive income attributable to noncontrolling interests $ 566 $ 262