LPL Financial Q2 Revenue Jumps 35.2% to $5.19 Billion, Beating Estimates

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Summary · why it matters

LPL Financial reported second-quarter revenues of $5.19 billion, up 35.2% year on year and 2.8% above analysts' expectations, in what was described as a very strong quarter for the independent broker-dealer. CEO Rich Steinmeier said the company continued its momentum after an outstanding start to the year, delivering another quarter of strong performance and results, with the print also beating analysts' EBITDA and EPS estimates. The stock is down 2.2% since reporting and currently trades at $331.82. Among the 15 investment banking and brokerage stocks tracked, group revenues beat consensus estimates by 4.8% while next quarter's revenue guidance came in 1.1% below, and share prices on average are down 9.1% since the latest earnings results. Goldman Sachs posted the strongest quarter with revenues of $20.34 billion, up 39.5% year on year and 23.7% above expectations, while Houlihan Lokey was the weakest, with revenues of $511 million, down 15.6% year on year and 16.3% short of estimates.

Impact on assets 5

Financials± Mixed · 4 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Goldman Sachs posted the strongest quarter with revenues of $20.34 billion, up 39.5% year on year and 23.7% above expectations.

Houlihan Lokey Inc
HLI
▼ NegativeCapitalrelevance

Houlihan Lokey was the weakest, with revenues of $511 million, down 15.6% year on year and 16.3% short of estimates.

Digital Finance & Tokenization▲ · 1 stocks
LPL Financial Holdings Inc
LPLA
▲ PositiveCapitalrelevance

LPL Financial's Q2 revenue jumped 35.2% to $5.19 billion, beating analysts' EBITDA and EPS estimates.

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