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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Commissions $ 165,775 $ 175,274
Principal transactions 97,782 116,857
Investment banking 176,362 126,852
Asset management and service fees 195,801 162,739
Interest 137,734 100,953
Other income 3,357 8,752
Total revenues 776,811 691,427
Interest expense 26,453 15,896
Net revenues [1] 750,358 675,531
Non-interest expenses:    
Compensation and benefits 457,893 436,387
Occupancy and equipment rental 57,595 52,545
Communications and office supplies 33,499 33,844
Commissions and floor brokerage 9,365 10,723
Other operating expenses 72,452 63,013
Total non-interest expenses 630,804 596,512
Income from operations before income tax expense 119,554 79,019
Provision for income taxes 30,793 13,507
Net income 88,761 65,512
Preferred dividends 2,344 2,344
Net income available to common shareholders $ 86,417 $ 63,168
Earnings per common share:    
Basic $ 1.20 $ 0.92
Diluted $ 1.06 $ 0.78
Weighted-average number of common shares outstanding:    
Basic 71,999 68,386
Diluted 81,789 80,695
Cash dividends declared per common share $ 0.12 $ 0
[1] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2018 or 2017.