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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Commissions $ 162,612 $ 171,272 $ 510,150 $ 551,306
Principal transactions 87,010 117,002 299,570 364,376
Investment banking 181,904 144,799 494,017 378,582
Asset management and service fees 179,848 144,206 515,501 433,305
Interest 117,862 74,881 327,766 203,488
Other income 9,558 9,209 25,508 33,804
Total revenues 738,794 661,369 2,172,512 1,964,861
Interest expense 17,625 19,383 50,165 50,756
Net revenues [1] 721,169 641,986 2,122,347 1,914,105
Non-interest expenses:        
Compensation and benefits 448,410 434,236 1,338,673 1,305,372
Occupancy and equipment rental 57,427 62,453 167,864 178,455
Communications and office supplies 34,650 31,182 102,686 105,268
Commissions and floor brokerage 11,232 10,777 33,187 34,653
Other operating expenses 61,311 75,356 209,581 202,669
Total non-interest expenses 613,030 614,004 1,851,991 1,826,417
Income from operations before income tax expense 108,139 27,982 270,356 87,688
Provision for income taxes 41,603 10,168 85,497 33,048
Net income 66,536 17,814 184,859 54,640
Preferred dividends 2,343 1,563 7,031 1,563
Net income available to common shareholders $ 64,193 $ 16,251 $ 177,828 $ 53,077
Earnings per common share:        
Basic $ 0.94 $ 0.24 $ 2.60 $ 0.79
Diluted $ 0.79 $ 0.21 $ 2.21 $ 0.69
Weighted-average number of common shares outstanding:        
Basic 68,522 66,482 68,488 66,950
Diluted 80,881 77,544 80,562 76,612
[1] No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2017 or 2016.