LPL Financial (LPLA) Tops Q3 EPS by 1c
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LPL Financial Announces Third Quarter 2015 Results and Updates Capital and Expense Management Plans
October 29, 2015 6:05 AM EDTEstablished a new leveraged target of ~4x Net Debt / Adjusted EBITDA
Increased share repurchase authorization to $500 million
Strengthened expense management aimed at improving operating leverage and advisor support
BOSTON, Oct. 29, 2015 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (the Company), parent company of LPL Financial LLC (LPL Financial), today announced its quarterly financial and business results.
Our third quarter results were solid and consistent with the market environment, stated Mark Casady, LPL chairman and chief executive officer. Our sales commissions and market-sensitive revenue streams experienced a... More
