LPL Financial (LPLA) Tops Q3 EPS by 4c
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LPL Financial Announces Third Quarter 2016 Results
November 2, 2016 4:05 PM EDTKey Performance Indicators
Earnings per share ("EPS") increased 35% year-over-year to $0.58, up 9% sequentially. This included $0.16 of EPS benefit from: $0.12 EPS benefit from management tax planning initiatives related to prior periods.$0.04 EPS benefit from account termination fees related to an institutional client that was acquired by a bank with its own broker-dealer and departed. Net Income increased 27% year-over-year to $52 million, up 9% sequentially. Total Brokerage and... More