LPLA Stock Recent News

SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Rich Steinmeier, Chief Executive Officer, will present at the Bank of America Securities Financial Services Conference on February 12.

SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors at Charter Oak Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Academy Financial. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

LPLA's fourth-quarter 2024 results top estimates on the back of an increase in revenues and brokerage and advisory assets. Yet, higher costs are a headwind.

LPL Financial Holdings Inc. (NASDAQ:LPLA ) Q4 2024 Earnings Conference Call January 30, 2025 5:00 PM ET Company Participants Rich Steinmeier - Chief Executive Officer Matt Audette - President and Chief Financial Officer Conference Call Participants Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Devin Ryan - JMP Securities Bill Katz - TD Cowen Brennan Hawken - UBS Michael Cho - J.P. Morgan Daniel Fannon - Jefferies Chris Allen - Citi Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Jeff Schmitt - William Blair Operator Good afternoon and thank you for joining the Fourth Quarter 2024 Earnings Conference Call for LPL Financial Holdings Inc. Joining the call today are our Chief Executive Officer, Rich Steinmeier; and President and Chief Financial Officer, Matt Audette.

While the top- and bottom-line numbers for LPL Financial (LPLA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $4.25 per share, beating the Zacks Consensus Estimate of $3.92 per share. This compares to earnings of $3.51 per share a year ago.

Fourth Quarter 2024 Key Financial Results: Net Income was $271 million , translating to diluted earnings per share ("EPS") of $3.59 , up 26% from a year ago Adjusted EPS* increased 21% year-over-year to $4.25 Gross profit* increased 22% year-over-year to $1,228 million Core G&A* increased 16% year-over-year to $422 million Adjusted EBITDA* increased 22% year-over-year to $585 million Key Business Results: Total advisory and brokerage assets increased 29% year-over-year to $1.7 trillion Advisory assets increased 30% year-over-year to $957 billion Advisory assets as a percentage of total assets increased to 55.0%, up from 54.3% a year ago Total organic net new assets were $68 billion , representing 17% annualized growth This included $40 billion of assets from Prudential Advisors ("Prudential"), and $2 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $30 billion, trans

WALNUT CREEK, Calif. , Jan. 28, 2025 /PRNewswire/ -- Anthony Calomeni, a financial advisor at Heffernan Financial Services in Walnut Creek today announced that his achievements have been recognized with inclusion in LPL Financial's Masters Club Program* for 2025.

Investors interested in Financial - Investment Bank stocks are likely familiar with Raymond James Financial, Inc. (RJF) and LPL Financial Holdings Inc. (LPLA). But which of these two stocks offers value investors a better bang for their buck right now?

LPL Financial (LPLA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.