CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

LPL Financial falls after Q3 revenue miss, cut in Commonwealth asset retention estimate

By Reuters News

** Shares of wealth manager LPL Financial LPLA.O tumble 14.3% to $272.40

** After markets closed on Tuesday, co reported Q3 revenue of $5.34 billion, below analysts' estimate of $5.38 billion, according to LSEG data

** Cuts expected asset retention from its acquisition of investment adviser Commonwealth Financial Network to about 83% from 90% previously

** Lowers estimated run-rate EBITDA from Commonwealth to $415 million from $410 million to $435 million

** LPLA acquired privately held Commonwealth in March 2025 for about $2.7 billion in cash

** 15 of 19 analysts rate stock "strong buy" or "buy" and four "hold"; their median PT is $397.5

** Including session's move, stock down 24% YTD

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk