Buoyed by a healthy gain in third quarter net income, LPL Financial Holdings is now setting its sights on boosting its stock price through a $500 million share buyback plan.
Net income for the country's largest independent broker-dealer jumped 23% to $41 million for the three months ending September 30, while net revenue declined slightly to just over $1 billion.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access