NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of LPL Financial Holdings Inc. ("LPL Financial") (NASDAQ:LPLA) concerning possible violations of federal securities laws. On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.'s ("Ameriprise's") request for a temporary restraining order against LPL after two former Ameriprise brokers joined LPL and allegedly used confidential client information to improperly solicit their former clients to switch firms.
The Q2 report from LG Display showed improvement in several areas, but all that was outweighed by the uncertain outlook for demand. The stock has bounced recently, but it fell after the latest report and the overall trend is still leaning bearish. LPL is counting on OLED, but recent developments in the OLED market suggest that OLED is following in the footsteps of LCD displays.
LG Display Co., Ltd (NYSE:LPL ) Q2 2024 Results Conference Call July 25, 2024 1:00 AM ET Company Participants Brian Heo - Head of Investor Relations Sung-Hyun Kim - Chief Financial Officer Min Lim Seung - Senior Vice President for Corporate Planning Conference Call Participants Dongwon Kim - KB Securities Sun Woo Kim - Meritz Securities Won Suk Chung - HI Investment & Securities Kyuha Lee - NH Investment & Securities Hyon NamKung - Shinhan Investment & Securities Jacob Hesslevik - SEB Brian Heo Good morning, and good afternoon. This is Brian Heo, in-charge of LG Display's IR.
South Korean flat-screen maker LG Display reported a second consecutive quarterly loss on weak demand for large display panels for TVs and small panels for smartphones.
US household net worth is at an all-time high and interest rates remain high; both factors are tailwinds for investment management firms. LPL Financial sports high earnings growth estimates as the company is focused on tech-driven organic growth. LPLA posted strong Q1 results, and shares recently made new all-time highs.