LPL Financial (LPLA) Tops Q3 EPS by 1c

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Go back to LPL Financial (LPLA) Tops Q3 EPS by 1c

LPL Financial Announces Third Quarter 2015 Results and Updates Capital and Expense Management Plans

October 29, 2015 6:05 AM EDT

Established a new leveraged target of ~4x Net Debt / Adjusted EBITDA

Increased share repurchase authorization to $500 million

Strengthened expense management aimed at improving operating leverage and advisor support

BOSTON, Oct. 29, 2015 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (the Company), parent company of LPL Financial LLC (LPL Financial), today announced its quarterly financial and business results.

Our third quarter results were solid and consistent with the market environment, stated Mark Casady, LPL chairman and chief executive officer. Our sales commissions and market-sensitive revenue streams experienced a... More