LPL Financial (LPLA) Tops Q2 EPS by 9c

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Go back to LPL Financial (LPLA) Tops Q2 EPS by 9c

LPL Financial Announces Second Quarter 2016 Results

July 28, 2016 4:09 PM EDT

Financial Results

Net income of $48 million, or $0.53 per sharePre-tax income of $80 million

Financial Metrics**

EBITDA of $132 millionGross Profit of $345 millionCore G&A of $168 million

Operating Metrics

End of period total brokerage and advisory assets of $488 billionNet new advisory assets of $2.8 billionNet new advisors of 100End of period cash sweep balances of $29.2 billion

Capital Management

Credit Agreement... More