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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Commissions $ 406 $ 322 $ 785 $ 679
Other fees and services 68 47 127 90
Other income (loss) (36) (63) (18) (44)
Total non-interest income 438 306 894 725
Interest income 1,828 1,545 3,588 2,892
Interest expense (1,036) (851) (2,049) (1,561)
Total net interest income 792 694 1,539 1,331
Total net revenues 1,230 1,000 2,433 2,056
Non-interest expenses:        
Execution, clearing and distribution fees 115 93 216 188
Employee compensation and benefits 146 136 291 264
Occupancy, depreciation and amortization 25 25 51 49
Communications 10 10 20 19
General and administrative 52 85 102 121
Customer bad debt 2 (1) 7 2
Total non-interest expenses 350 348 687 643
Income before income taxes 880 652 1,746 1,413
Income tax expense 71 51 142 112
Net income 809 601 1,604 1,301
Less net income attributable to noncontrolling interests 630 476 1,250 1,028
Net income available for common stockholders $ 179 $ 125 $ 354 $ 273
Earnings per share:        
Basic $ 1.67 $ 1.21 $ 3.30 $ 2.65
Diluted $ 1.65 $ 1.20 $ 3.27 $ 2.62
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 107,719,020 103,587,557 107,394,925 103,274,846
Weighted Average Number of Shares Outstanding, Diluted 108,626,836 104,463,729 108,388,138 104,254,888
Comprehensive income:        
Net income available for common stockholders $ 179 $ 125 $ 354 $ 273
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (2) 7 (28) 12
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax (2) 7 (28) 12
Comprehensive income available for common stockholders 177 132 326 285
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 630 476 1,250 1,028
Other comprehensive income - cumulative translation adjustment (8) 24 (84) 38
Comprehensive income attributable to noncontrolling interests $ 622 $ 500 $ 1,166 $ 1,066