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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Commissions $ 435 $ 333 $ 1,220 $ 1,012
Other fees and services 72 52 199 142
Other income (loss) 56 27 38 (17)
Total non-interest income 563 412 1,457 1,137
Interest income 1,888 1,643 5,476 4,535
Interest expense (1,086) (910) (3,135) (2,471)
Total net interest income 802 733 2,341 2,064
Total net revenues 1,365 1,145 3,798 3,201
Non-interest expenses:        
Execution, clearing and distribution fees 116 98 332 286
Employee compensation and benefits 145 127 436 391
Occupancy, depreciation and amortization 26 25 77 74
Communications 9 10 29 29
General and administrative 153 45 255 166
Customer bad debt 7   14 2
Total non-interest expenses 456 305 1,143 948
Income before income taxes 909 840 2,655 2,253
Income tax expense 75 68 217 180
Net income 834 772 2,438 2,073
Less net income attributable to noncontrolling interests 650 605 1,900 1,633
Net income available for common stockholders $ 184 $ 167 $ 538 $ 440
Earnings per share:        
Basic $ 1.68 $ 1.57 $ 4.98 $ 4.22
Diluted $ 1.67 $ 1.56 $ 4.94 $ 4.19
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 108,757,991 106,233,557 107,852,597 104,271,921
Weighted Average Number of Shares Outstanding, Diluted 109,536,360 107,011,427 108,774,195 105,184,572
Comprehensive income:        
Net income available for common stockholders $ 184 $ 167 $ 538 $ 440
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 39 (19) 11 (7)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax 39 (19) 11 (7)
Comprehensive income available for common stockholders 223 148 549 433
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 650 605 1,900 1,633
Other comprehensive income - cumulative translation adjustment 114 (57) 30 (19)
Comprehensive income attributable to noncontrolling interests $ 764 $ 548 $ 1,930 $ 1,614