NEW YORK, NY / ACCESSWIRE / July 26, 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.
Although the revenue and EPS for LPL Financial (LPLA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
LPL Financial Holdings Inc. (NASDAQ:LPLA ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Dan Arnold - President and Chief Executive Officer Matt Audette - Chief Financial Officer and Head of Business Operations Conference Call Participants Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Kyle Voigt - KBW Michael Cho - J.P. Morgan Dan Fannon - Jefferies Brennan Hawken - UBS Operator Good afternoon, and thank you for joining the Second Quarter 2024 Earnings Conference Call for LPL Financial Holdings Inc. Joining the call today are the President and Chief Executive Officer, Dan Arnold; and Chief Financial Officer and Head of Business Operations, Matt Audette.
LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $3.88 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $3.94 per share a year ago.
LPL Financial (LPLA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LPL Financial (LPLA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
LPL Financial (LPLA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Favorable market performance leads to a sequential improvement in LPL Financial's (LPLA) total brokerage and advisory assets in May 2024.
Unfavorable market performance leads to a sequential decline in LPL Financial's (LPLA) total brokerage and advisory assets in April 2024.