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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Commissions $ 678,904 $ 729,989 $ 749,536
Principal transactions 396,826 475,428 389,319
Investment banking 726,763 513,034 503,052
Asset management and service fees 702,064 582,789 493,761
Interest 454,381 294,332 179,101
Other income 37,524 46,798 62,224
Total revenues 2,996,462 2,642,370 2,376,993
Interest expense 70,030 66,874 45,399
Net revenues [1] 2,926,432 2,575,496 2,331,594
Non-interest expenses:      
Compensation and benefits 1,958,929 1,726,016 1,568,862
Occupancy and equipment rental 222,708 231,324 207,465
Communications and office supplies 133,493 139,644 130,678
Commissions and floor brokerage 44,132 44,315 42,518
Other operating expenses 297,634 291,615 240,504
Total non-interest expenses 2,656,896 2,432,914 2,190,027
Income before income tax expense 269,536 142,582 141,567
Provision for income taxes 86,665 61,062 49,231
Net income 182,871 81,520 92,336
Preferred dividends 9,375 3,906  
Net Income available to common shareholders $ 173,496 $ 77,614 $ 92,336
Earnings per common share:      
Basic $ 2.53 $ 1.16 $ 1.35
Diluted $ 2.14 $ 1.00 $ 1.18
Weighted-average number of common shares outstanding:      
Basic 68,562 66,871 68,543
Diluted 81,035 77,563 78,554
Cash dividends declared per common share $ 0.20    
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2017, 2016, and 2015.