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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,918 $ 3,753
Cash segregated for regulatory purposes 31,370 28,840
Securities - segregated for regulatory purposes 28,318 35,386
Securities borrowed 6,218 5,835
Securities purchased under agreements to resell 6,211 5,504
Financial instruments owned, at fair value 1,766 1,488
Receivables:    
Customers, less allowance for credit losses of $16 and $10 as of June 30, 2024 and December 31, 2023 55,252 44,472
Brokers, dealers and clearing organizations 1,810 1,643
Interest 503 375
Total receivables 57,565 46,490
Other assets 1,282 1,127
Total assets 136,648 128,423
Liabilities and equity    
Short-term borrowings 11 17
Securities loaned 15,682 11,347
Financial instruments sold, not yet purchased, at fair value 473 193
Payables    
Customers 103,373 101,012
Brokers, dealers and clearing organizations 570 590
Affiliate 192 210
Accounts payable, accrued expenses and other liabilities 843 676
Interest 320 311
Total payables 105,298 102,799
Total liabilities 121,464 114,356
Commitments, contingencies and guarantees (see Note 13)
Stockholders' equity    
Additional paid-in capital 1,782 1,726
Retained earnings 2,168 1,852
Accumulated other comprehensive income, net of income taxes of $0 and $0 as of June 30, 2024 and December 31, 2023 (20) 8
Treasury stock, at cost, 140,255 and 133,034 shares as of June 30, 2024 and December 31, 2023 (4) (3)
Total stockholders' equity 3,927 3,584
Noncontrolling interests 11,257 10,483
Total equity 15,184 14,067
Total liabilities and stockholders' equity 136,648 128,423
Asset Not Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 1,658 1,422
Asset Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 108 66
Common Class A [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share 1 1
Common Class B [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share