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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Commissions $ 333 $ 320 $ 1,012 $ 991
Other fees and services 52 45 142 141
Other income (loss) 27 (48) (17) (144)
Total non-interest income 412 317 1,137 988
Interest income 1,643 783 4,535 1,575
Interest expense (910) (310) (2,471) (472)
Total net interest income 733 473 2,064 1,103
Total net revenues 1,145 790 3,201 2,091
Non-interest expenses:        
Execution, clearing and distribution fees 98 86 286 234
Employee compensation and benefits 127 112 391 335
Occupancy, depreciation and amortization 25 23 74 68
Communications 10 8 29 25
General and administrative 45 37 166 117
Customer bad debt   1 2 3
Total non-interest expenses 305 267 948 782
Income before income taxes 840 523 2,253 1,309
Income tax expense 68 40 180 100
Net income 772 483 2,073 1,209
Less net income attributable to noncontrolling interests 605 384 1,633 965
Net income available for common stockholders $ 167 $ 99 $ 440 $ 244
Earnings per share:        
Basic $ 1.57 $ 0.98 $ 4.22 $ 2.45
Diluted $ 1.56 $ 0.97 $ 4.19 $ 2.43
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 106,233,557 101,818,667 104,271,921 99,646,091
Weighted Average Number of Shares Outstanding, Diluted 107,011,427 102,555,482 105,184,572 100,505,075
Comprehensive income:        
Net income available for common stockholders $ 167 $ 99 $ 440 $ 244
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (19) (30) (7) (64)
Income taxes related to items of other comprehensive income
Other comprehensive loss, net of tax (19) (30) (7) (64)
Comprehensive income available for common stockholders 148 69 433 180
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 605 384 1,633 965
Other comprehensive income - cumulative translation adjustment (57) (93) (19) (205)
Comprehensive income attributable to noncontrolling interests $ 548 $ 291 $ 1,614 $ 760