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Consolidated Statements Of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Revenue from contracts with customers [1] $ 801,478 $ 854,022
Principal transactions 159,270 165,006
Interest 165,435 127,540
Other income 8,888 25,634
Total revenues 1,125,984 1,149,229
Interest expense 9,457 14,440
Net revenues [2] 1,116,527 1,134,789
Non-interest expenses:    
Compensation and benefits 673,691 697,914
Occupancy and equipment rental 77,026 72,032
Communications and office supplies 42,456 41,825
Commissions and floor brokerage 15,887 15,703
Provision for credit losses 8,240 (5,252)
Other operating expenses 72,118 84,675
Total non-interest expenses 889,418 906,897
Income from operations before income tax expense 227,109 227,892
Provision for income taxes 53,560 54,877
Net income 173,549 173,015
Preferred dividends 9,320 8,289
Net income available to common shareholders $ 164,229 $ 164,726
Earnings per common share:    
Basic $ 1.50 $ 1.53
Diluted 1.39 1.40
Cash dividends declared per common share $ 0.30 $ 0.15
Weighted-average number of common shares outstanding:    
Basic 109,205,000 107,746,000
Diluted 118,140,000 117,875,000
Commissions [Member]    
Revenues:    
Revenue from contracts with customers $ 195,909 $ 213,614
Investment Banking [Member]    
Revenues:    
Revenue from contracts with customers 254,846 339,288
Asset Management and Service Fees [Member]    
Revenues:    
Revenue from contracts with customers [1] $ 341,636 $ 278,147
[1] Excludes revenues not derived from contracts with customers included in the Other segment.
[2] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2022 and 2021.