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.
Deeper expansion into the employee channel could drive a significant uplift in LPL's advisor acquisition, allowing the firm to play in one of the largest wealth management niches.
More stringent regulation regarding rates paid on client cash could dent LPL's net interest income.
|
Metric
|
LPLA
|
AMP
|
RJF
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.05 | 11.07 | 13.79 |
Price/Book Value | 4.07 | 6.59 | 2.35 |
Price/Sales | 1.27 | 2.32 | 2.12 |
Price/Cash Flow | 10.09 | 10.29 | 11.80 |
|
Metric
|
LPLA
|
AMP
|
RJF
|
|---|---|---|---|
Quick Ratio | 1.86 | — | — |
Current Ratio | 2.41 | — | — |
Interest Coverage | 3.91 | 16.22 | — |
|
Metric
|
LPLA
|
AMP
|
RJF
|
|---|---|---|---|
Return on Assets (Normalized) | 9.52% | 2.18% | 2.55% |
Return on Equity (Normalized) | 34.04% | 65.89% | 18.00% |
Return on Invested Capital (Normalized) | 16.31% | 9.31% | — |
|
1-Day Chart
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United States