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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,595 $ 3,753
Cash segregated for regulatory purposes 35,216 28,840
Securities - segregated for regulatory purposes 31,103 35,386
Securities borrowed 7,513 5,835
Securities purchased under agreements to resell 8,176 5,504
Financial instruments owned, at fair value 2,949 1,488
Receivables:    
Customers, less allowance for credit losses of $24 and $10 as of September 30, 2024 and December 31, 2023 56,006 44,472
Brokers, dealers and clearing organizations 2,210 1,643
Interest 423 375
Total receivables 58,639 46,490
Other assets 1,335 1,127
Total assets 148,526 128,423
Liabilities and equity    
Short-term borrowings 33 17
Securities loaned 16,818 11,347
Financial instruments sold, not yet purchased, at fair value 381 193
Payables    
Customers 112,579 101,012
Brokers, dealers and clearing organizations 1,202 590
Affiliate 185 210
Accounts payable, accrued expenses and other liabilities 996 676
Interest 327 311
Total payables 115,289 102,799
Total liabilities 132,521 114,356
Commitments, contingencies and guarantees (see Note 13)
Stockholders' equity    
Additional paid-in capital 1,804 1,726
Retained earnings 2,325 1,852
Accumulated other comprehensive income, net of income taxes of $0 as of both September 30, 2024 and December 31, 2023 19 8
Treasury stock, at cost, 142,027 and 133,034 shares as of September 30, 2024 and December 31, 2023 (4) (3)
Total stockholders' equity 4,145 3,584
Noncontrolling interests 11,860 10,483
Total equity 16,005 14,067
Total liabilities and stockholders' equity 148,526 128,423
Asset Not Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 2,844 1,422
Asset Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 105 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