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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenue from contracts with customers [1] $ 532,144   $ 1,605,149  
Principal transactions 83,152 $ 87,010 269,918 $ 299,570
Interest 169,760 117,862 461,915 327,766
Other income 6,127 9,558 18,557 25,508
Total revenues 786,810 738,794 2,343,632 2,172,512
Interest expense 48,468 17,625 112,200 50,165
Net revenues [2] 738,342 721,169 2,231,432 2,122,347
Non-interest expenses:        
Compensation and benefits 422,324 448,410 1,322,387 1,338,673
Occupancy and equipment rental 54,035 57,427 165,226 167,864
Communications and office supplies 33,330 34,650 103,468 102,686
Commissions and floor brokerage 11,338 11,232 30,798 33,187
Other operating expenses 76,785 61,311 231,122 209,581
Total non-interest expenses 597,812 613,030 1,853,001 1,851,991
Income from operations before income tax expense 140,530 108,139 378,431 270,356
Provision for income taxes 36,672 41,603 98,525 85,497
Net income 103,858 66,536 279,906 184,859
Preferred dividends 2,343 2,343 7,031 7,031
Net income available to common shareholders $ 101,515 $ 64,193 $ 272,875 $ 177,828
Earnings per common share:        
Basic $ 1.41 $ 0.94 $ 3.80 $ 2.60
Diluted $ 1.25 $ 0.79 $ 3.35 $ 2.21
Weighted-average number of common shares outstanding:        
Basic 71,919 68,522 71,824 68,488
Diluted 81,484 80,881 81,425 80,562
Cash dividends declared per common share $ 0.12 $ 0.10 $ 0.36 $ 0.10
Commissions [Member]        
Revenues:        
Revenue from contracts with customers $ 158,016 $ 162,612 $ 490,693 $ 510,150
Investment Banking [Member]        
Revenues:        
Revenue from contracts with customers 169,012 181,904 506,437 494,017
Asset Management and Service Fees [Member]        
Revenues:        
Revenue from contracts with customers $ 200,743 [1] $ 179,848 $ 596,112 [1] $ 515,501
[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 nine months ended September 30, 2018 or 2017.