Overview

* LPL Financial ( LPLA ) Q3 adjusted EPS grows 25% yr/yr, beating analyst expectations

* Company reports Q3 net loss of $30 mln due to acquisition costs

* Total advisory and brokerage assets increase 45% yr/yr to $2.3 trillion

Outlook

* Company lowers 2025 Core G&A outlook to $1,860-1,880 mln

* Company plans targeted fee adjustments to align with industry standards

* LPL aims to complete Commonwealth conversion by Q4 2026 with 90% retention target

Result Drivers

* ACQUISITION COSTS - One-time acquisition costs related to Commonwealth impacted net income, resulting in a $30 mln net loss

* ASSET GROWTH - Total advisory and brokerage assets rose 45% yr/yr to $2.3 trillion, driven by acquisitions and organic growth

* ADJUSTED EPS GROWTH - Adjusted EPS increased 25% yr/yr, reflecting strong operational performance despite acquisition costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $5.20 $4.48

Adjusted (13

EPS Analysts

)

Q3 EPS -$0.37

Q3 Net -$30 mln

Income

Q3 Gross $1.48

Profit bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

* Wall Street's median 12-month price target for LPL Financial Holdings Inc ( LPLA ) is $415.50, about 17.3% above its October 29 closing price of $343.62

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)