topstockalerts
Jul 31, 8:14 PM
LPL Financial shares climbed after the wealth management firm reported record Q2 2026 results that comfortably exceeded Wall Street expectations. Adjusted EPS rose to a record
$5.84, beating the
$5.38 consensus, while revenue reached
$5.19 billion, above estimates of roughly
$5.04 billion. Net income increased 39% year over year, extending gains that began in after-hours trading following the earnings release.
Investors also welcomed the company's aggressive capital return plans. LPL repurchased
$309 million of stock during the quarter—more than double its original target—and approved a new
$2.5 billion share repurchase authorization, with
$300 million earmarked for Q3. Total client assets climbed 34% year over year to
$2.6 trillion, while management lowered its full-year Core G&A expense outlook and increased its expected annualized EBITDA contribution from the pending Commonwealth Financial Network integration.
$LPLA
