v3.26.1
Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Commissions $ 207,834 $ 193,670
Principal transactions 150,221 141,660
Investment banking 341,412 237,942
Asset management 459,457 409,541
Interest 451,049 475,632
Other income 55,679 10,581
Total revenues 1,665,652 1,469,026
Interest expense 187,491 213,557
Net revenues [1] 1,478,161 1,255,469
Non-interest expenses:    
Compensation and benefits 848,334 732,220
Occupancy and equipment rental 99,695 90,766
Communications and office supplies 51,021 49,513
Commissions and floor brokerage 15,041 16,806
Provision for credit losses 6,535 12,020
Other operating expenses 131,463 290,780
Total non-interest expenses 1,152,089 1,192,105
Income from operations before income tax expense 326,072 63,364
Provision for income taxes 74,653 10,372
Net income 251,419 52,992
Preferred dividends 9,320 9,320
Net income available to common shareholders $ 242,099 $ 43,672
Earnings per common share:    
Basic $ 1.56 $ 0.28
Diluted 1.48 0.26
Cash dividends declared per common share $ 0.34 $ 0.31
Weighted-average number of common shares outstanding:    
Basic 155,508 157,146
Diluted 163,444 165,953
[1] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2026 and 2025.