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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Commissions $ 514 $ 379
Other fees and services 78 59
Other income 65 18
Total non-interest income 657 456
Interest income 1,718 1,760
Interest expense (948) (1,013)
Total net interest income 770 747
Total net revenues 1,427 1,203
Non-interest expenses:    
Execution, clearing and distribution fees 121 101
Employee compensation and benefits 154 145
Occupancy, depreciation and amortization 24 26
Communications 10 10
General and administrative 62 50
Customer bad debt 1 5
Total non-interest expenses 372 337
Income before income taxes 1,055 866
Income tax expense 91 71
Net income 964 795
Less net income attributable to noncontrolling interests 751 620
Net income available for common stockholders $ 213 $ 175
Earnings per share:    
Basic $ 1.95 $ 1.63
Diluted $ 1.94 $ 1.61
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 108,923,381 107,070,830
Weighted Average Number of Shares Outstanding, Diluted 109,865,741 108,149,440
Comprehensive income:    
Net income available for common stockholders $ 213 $ 175
Other comprehensive income:    
Cumulative translation adjustment, before income taxes 28 (26)
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax 28 (26)
Comprehensive income available for common stockholders 241 149
Comprehensive income attributable to noncontrolling interests:    
Net income attributable to noncontrolling interests 751 620
Other comprehensive income - cumulative translation adjustment 79 (76)
Comprehensive income attributable to noncontrolling interests $ 830 $ 544