LPL Investment (LPLA) PT Raised to $40 at UBS Following 4Q Results

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Go back to LPL Investment (LPLA) PT Raised to $40 at UBS Following 4Q Results

LPL Financial Announces Fourth Quarter and Full Year 2016 Results

February 9, 2017 4:06 PM EST

Fourth Quarter 2016 Key Performance Indicators

Earnings per share ("EPS") increased 64% year-over-year to $0.46, down 21% sequentially.-- Net Income increased 56% year-over-year to $42 million, down 20% sequentially.Total Brokerage and Advisory Assets increased 7% year-over-year to $509 billion, up 1% sequentially.Total Net New Assets were an inflow of $2.5 billion, translating to a 2% annualized growth rate.* -- Net new brokerage assets and total net new assets are new metrics introduced in this quarters release. -- Net... More