LPL Financial Holdings Inc

LPLA: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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