Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)


	Fourth Quarter (1)		Third Quarter		Second Quarter		First Quarter
Year Ended December 31, 2020:
Total net revenues	$	4,176	$	2,448	$	2,450	$	2,617
Total expenses excluding interest	$	2,700	$	1,559	$	1,562	$	1,570
Net income	$	1,135	$	698	$	671	$	795
Net income available to common stockholders	$	1,050	$	615	$	621	$	757
Weighted-average common shares outstanding — Basic	1,848		1,289		1,288		1,287
Weighted-average common shares outstanding — Diluted	1,855		1,294		1,294		1,294
Earnings per common share — Basic (2)	$	.57	$	.48	$	.48	$	.59
Earnings per common share — Diluted (2)	$	.57	$	.48	$	.48	$	.58
Dividends declared per common share	$	.18	$	.18	$	.18	$	.18






Year Ended December 31, 2019:
Total net revenues	$	2,606	$	2,711	$	2,681	$	2,723
Total expenses excluding interest	$	1,494	$	1,475	$	1,445	$	1,459
Net income	$	852	$	951	$	937	$	964
Net income available to common stockholders	$	801	$	913	$	887	$	925
Weighted-average common shares outstanding — Basic	1,284		1,300		1,328		1,333
Weighted-average common shares outstanding — Diluted	1,293		1,308		1,337		1,344
Earnings per common share — Basic	$	.62	$	.70	$	.67	$	.69
Earnings per common share — Diluted	$	.62	$	.70	$	.66	$	.69
Dividends declared per common share	$	.17	$	.17	$	.17	$	.17

(1) The fourth quarter of 2020 includes TD Ameritrade in our consolidated results of operations and financial condition starting on the acquisition date, October 6, 2020. Refer to Item 8 – Note 3 for further information regarding the acquisition of TD Ameritrade.

(2) For the fourth quarter of 2020, the Company had voting and nonvoting common stock outstanding. As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. See Notes 19 and 25 for additional information.