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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Commissions $ 1,360 $ 1,322 $ 1,350
Other fees and services 197 184 218
Other income (loss) (11) (107) (2)
Total non-interest income 1,546 1,399 1,566
Interest income 6,230 2,686 1,372
Interest expense (3,436) (1,018) (224)
Total net interest income 2,794 1,668 1,148
Total net revenues 4,340 3,067 2,714
Non-interest expenses:      
Execution, clearing and distribution fees 386 324 236
Employee compensation and benefits 527 454 399
Occupancy, depreciation and amortization 99 90 80
Communications 41 33 33
General and administrative 211 165 176
Customer bad debt 7 3 3
Total non-interest expenses 1,271 1,069 927
Income before income taxes 3,069 1,998 1,787
Income tax expense 257 156 151
Net income 2,812 1,842 1,636
Less net income attributable to noncontrolling interests 2,212 1,462 1,328
Net income available for common stockholders $ 600 $ 380 $ 308
Earnings per share:      
Basic $ 5.72 $ 3.78 $ 3.27
Diluted $ 5.67 $ 3.75 $ 3.24
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 104,965,050 100,460,016 94,167,572
Weighted Average Number of Shares Outstanding, Diluted 105,846,877 101,299,609 95,009,880
Comprehensive income:      
Net income available for common stockholders $ 600 $ 380 $ 308
Other comprehensive income:      
Cumulative translation adjustment, before income taxes 30 (26) (22)
Other comprehensive income (loss), net of tax 30 (26) (22)
Comprehensive income available for common stockholders 630 354 286
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 2,212 1,462 1,328
Other comprehensive income - cumulative translation adjustment 92 (85) (75)
Comprehensive income attributable to noncontrolling interests $ 2,304 $ 1,377 $ 1,253