LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $4.16 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.74%. A quarter ago, it was expected that this company would post earnings of $3.66 per share when it actually produced earnings of $3.88, delivering a surprise of 6.01%. Over the last four quarters, ...

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) is expected to report quarterly earnings of $3.69 per share, a decline of 1.3% year-over-year, while revenues are forecasted to increase by 19.2% to $3.01 billion [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 3.2% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenue- Advisory' at $1.35 billion, reflecting a year-over-year increase of 24.7% [5] - 'Revenue- Commission' is projected at $798.35 million, indicating a 24% increase from the prior year [5] - 'Revenue- Service and fee' is expected to reach $145.61 million, a 7.3% increase year-over-year [5] - 'Revenue- Transaction' is forecasted at $59.13 million, suggesting a 17.8% increase [6] - 'Revenue- Asset-based fees' is estimated at $629.73 million, reflecting a 7.6% increase [6] Asset Management Metrics - Total Advisory and Brokerage Assets are projected to reach $1,589.11 billion, up from $1,238.4 billion year-over-year [7] - Total Advisory and Brokerage Assets - Brokerage Assets are expected to be $712.08 billion, compared to $575.7 billion last year [6] Advisor and Asset Growth - The consensus for the 'Number of advisors' stands at 25,029, up from 22,404 in the same quarter last year [8] - 'Net New Assets (NNA) - Net new advisory assets' is expected to reach $27.06 billion, compared to $22.7 billion a year ago [8] - Total Net New Assets are projected at $33.70 billion, slightly up from $33.2 billion last year [9] - 'Net New Assets (NNA) - Net New Brokerage Assets' is expected to be $6.65 billion, down from $10.5 billion year-over-year [9] Stock Performance - Shares of LPL Financial have increased by 13.6% in the past month, outperforming the Zacks S&P 500 composite, which rose by 1.7% [9]

The market expects LPL Financial Holdings Inc. (LPLA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expec ...

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Company Overview - LPL Financial's total brokerage and advisory assets reached $1.56 trillion at the end of August 2024, marking a 2% increase from the previous month and a 22.7% increase year over year [1] - Brokerage assets accounted for $690.6 billion, growing 1.8% from July 2024 and 17% year over year, while advisory assets totaled $869.5 billion, rising 2.2% from the previous month and 27.7% from August 2023 [1] Net New Assets - Total net new assets (NNAs) for August 2024 were $6.8 billion, which included $0.3 billion from acquired net new assets related to Liquidity & Succession activity [2] - NNAs decreased from $9 billion in July 2024 and $13.1 billion in August 2023; excluding off-boarded assets from a planned separation, total NNAs would have been $10.4 billion [2] Client Cash Balance - The total client cash balance was reported at $43.3 billion in August, down 1.6% from the prior month and 9.2% from August 2023 [3] - Of this total, $30.4 billion was insured cash, $9.3 billion was deposit cash, with the remainder consisting of money-market sweep and client cash balance [3] Market Position and Performance - LPL Financial's recruiting efforts and advisor productivity are expected to support advisory revenues, with plans for strategic acquisitions to diversify operations [4] - However, the company faces a challenging operating backdrop that may impact financial performance in the near term [4] Competitive Landscape - In comparison, Charles Schwab reported core NNAs of $32.8 billion in August 2024, up 13% from the previous month and significantly higher than $4.9 billion in the same month last year [8] - Schwab's total client assets reached $9.74 trillion, reflecting a 2% increase from July 2024 and a 20% increase year over year [8] - Interactive Brokers reported a 40.4% increase in client Daily Average Revenue Trades (DARTs) year over year, totaling 2,712,000 in August 2024 [7]

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Moody's Corp. (MCO) has announced the acquisition of Praedicat, a leading provider of casualty insurance analytics, to enhance its insurance solutions. The details of the transaction have been kept under wraps. Strategic Rationale Behind Moody's Acquisition This deal strengthens Moody's overall risk assessment strategy by adding comprehensive casualty and liability modeling to its portfolio of market-leading solutions for the insurance industry. MCO will incorporate Praedicat's models and predictive analyti ...

Company Overview - LPL Financial's total brokerage and advisory assets reached $1.53 trillion at the end of July 2024, marking a 2.1% increase from the previous month and a 19.6% increase year over year [1] - Brokerage assets were $678.7 billion, growing 1.5% from June 2024 and 14.3% year over year, while advisory assets amounted to $850.6 billion, rising 2.6% from the previous month and 24.3% from July 2023 [2] Net New Assets - Total net new assets (NNAs) for July 2024 were $9 billion, down from $10.8 billion in June 2024 and $11 billion in July 2023. Excluding $0.6 billion of off-boarded assets, NNAs were $9.5 billion [3] Client Cash Balance - The total client cash balance was $44.5 billion in July, stable compared to the prior month but down 8.9% from July 2023. This included $31.1 billion in insured cash and $9.1 billion in deposit cash [4] Strategic Outlook - The company's recruiting efforts and strong advisor productivity are expected to support advisory revenues. Strategic acquisitions are anticipated to aid in diversifying operations, although a challenging operating environment poses near-term headwinds [5] Competitive Landscape - Interactive Brokers Group reported a 38.4% increase in client Daily Average Revenue Trades (DARTs) year over year, totaling 2,756,000 in July 2024 [7] - Charles Schwab reported core net new assets of $29 billion in July 2024, significantly up from $13.7 billion in the same month last year, while total client assets reached $9.57 trillion, a 2% increase from June 2024 and 16% year over year [8][9]

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Alberto Francis has joined LPL Financial's high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch Rockview Private Wealth. He reported having served approximately $725 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. Francis, the son of Irish and Mexican immigrants, is a former NCAA Champion and All-American from ...