LPL Financial Holdings Inc
LPLA: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| rv> | LOCK|b! | LOCK|z?Kt>%! |
LPL Financial Earnings: Decent Quarter Despite Market Weakness, Heightened Volatility; Shares Cheap
LPL Financial reported solid quarterly results, with revenue of $4.9 billion growing 35% annually, while adjusted EPS of $5.60 grew 9%. The firm continues to integrate its Commonwealth Financial Network, which has damped recruiting efforts and organic asset growth in recent quarters.
