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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Commissions $ 322 $ 322 $ 679 $ 671
Other fees and services 47 43 90 96
Other income (loss) (63) (57) (44) (96)
Total non-interest income 306 308 725 671
Interest income 1,545 460 2,892 792
Interest expense (851) (112) (1,561) (162)
Total net interest income 694 348 1,331 630
Total net revenues 1,000 656 2,056 1,301
Non-interest expenses:        
Execution, clearing and distribution fees 93 77 188 148
Employee compensation and benefits 136 112 264 223
Occupancy, depreciation and amortization 25 23 49 45
Communications 10 9 19 17
General and administrative 85 42 121 80
Customer bad debt (1) 1 2 2
Total non-interest expenses 348 264 643 515
Income before income taxes 652 392 1,413 786
Income tax expense 51 32 112 60
Net income 601 360 1,301 726
Less net income attributable to noncontrolling interests 476 288 1,028 581
Net income available for common stockholders $ 125 $ 72 $ 273 $ 145
Earnings per share:        
Basic $ 1.21 $ 0.73 $ 2.65 $ 1.47
Diluted $ 1.20 $ 0.72 $ 2.62 $ 1.46
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 103,587,557 98,853,981 103,274,846 98,541,798
Weighted Average Number of Shares Outstanding, Diluted 104,463,729 99,695,489 104,254,888 99,461,867
Comprehensive income:        
Net income available for common stockholders $ 125 $ 72 $ 273 $ 145
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 7 (24) 12 (34)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax 7 (24) 12 (34)
Comprehensive income available for common stockholders 132 48 285 111
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 476 288 1,028 581
Other comprehensive income - cumulative translation adjustment 24 (81) 38 (112)
Comprehensive income attributable to noncontrolling interests $ 500 $ 207 $ 1,066 $ 469