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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenue from contracts with customers [1] $ 531,349   $ 1,073,005  
Principal transactions 88,984 $ 95,703 186,766 $ 212,560
Interest 154,421 108,951 292,155 209,904
Other income 9,073 7,198 12,430 15,950
Total revenues 780,011 742,291 1,556,822 1,433,718
Interest expense 37,279 16,644 63,732 32,540
Net revenues [2] 742,732 725,647 1,493,090 1,401,178
Non-interest expenses:        
Compensation and benefits 442,170 453,876 900,063 890,263
Occupancy and equipment rental 53,596 57,892 111,191 110,437
Communications and office supplies 36,639 34,192 70,138 68,036
Commissions and floor brokerage 10,095 11,232 19,460 21,955
Other operating expenses 81,885 85,257 154,337 148,270
Total non-interest expenses 624,385 642,449 1,255,189 1,238,961
Income from operations before income tax expense 118,347 83,198 237,901 162,217
Provision for income taxes 31,060 30,387 61,853 43,894
Net income 87,287 52,811 176,048 118,323
Preferred dividends 2,344 2,344 4,688 4,688
Net income available to common shareholders $ 84,943 $ 50,467 $ 171,360 $ 113,635
Earnings per common share:        
Basic $ 1.18 $ 0.74 $ 2.39 $ 1.66
Diluted $ 1.04 $ 0.63 $ 2.10 $ 1.41
Weighted-average number of common shares outstanding:        
Basic 71,692 68,556 71,843 68,471
Diluted 81,299 80,021 81,548 80,391
Cash dividends declared per common share $ 0.12   $ 0.24 $ 0
Commissions [Member]        
Revenues:        
Revenue from contracts with customers $ 166,902 $ 172,264 $ 332,677 $ 347,538
Investment Banking [Member]        
Revenues:        
Revenue from contracts with customers 161,063 185,261 337,425 312,113
Asset Management and Service Fees [Member]        
Revenues:        
Revenue from contracts with customers $ 199,568 [1] $ 172,914 $ 395,369 [1] $ 335,653
[1] Excludes revenue included in the Other segment.
[2] No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2018 or 2017.