LPL Financial (LPLA) Tops Q3 EPS by 10c

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Go back to LPL Financial (LPLA) Tops Q3 EPS by 10c

LPL Financial Announces Third Quarter 2019 Results

October 24, 2019 4:06 PM EDT

 Third Quarter 2019 Key Performance Indicators

Earnings per share ("EPS") increased 32% year-over-year to $1.57. Net Income increased 23% year-over-year to $132 million. EPS Prior to Amortization of Intangible Assets** increased 30% year-over-year to $1.71.Total Brokerage and Advisory Assets increased 6% year-over-year to $719 billion.Total organic net new assets(1) were an inflow of $7.0 billion, translating to a 4.0% annualized growth rate. Prior to the impact of a hybrid firm that formed its own broker-dealer and departed, total organic net new assets... More