LPL Financial's (LPLA) Q2 Earnings Beat on Higher Revenues

Charles Schwab's (SCHW) second-quarter 2024 adjusted earnings of 73 cents per share met the Zacks Consensus Estimate. The bottom line, however, declined 3% from the prior-year quarter. As of Jun 30, 2024, LPL Financial's total brokerage and advisory assets were $1,497.8 billion, up 21% year over year. SCHW's results benefited from the solid performance of the asset management business, which drove revenues. The absence of fee waivers and solid brokerage account numbers acted as tailwinds. However, higher fu ...