LPL Financial Holdings Inc
LPLA: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#z | LOCK|Mz | LOCK|d^Gp$!T |
LPL Financial Earnings: Positively Inflecting Organic Growth Begins to Assuage Market Concerns
LPL Financial reported solid second-quarter results, posting 24% annual growth in gross profit and 29% growth in adjusted EPS. Importantly, the firm saw its organic net new asset growth accelerate modestly to 4.0% from 3.6% a quarter ago.
