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LPL Financial (LPLA) Reports Improved February Metrics
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Leading investment advisory firm and independent broker, LPL Financial Holdings Inc.’s (LPLA - Free Report) subsidiary LPL Financial LLC reported enhanced monthly activity for Feb 2017. The company recorded total brokerage and advisory assets of $527.5 billion at the end of the month, up 2.1% from the previous month.
Of these, brokerage assets were $304.8 billion, while advisory assets were $222.7 billion, as of Feb 28, 2017.
Also, LPL Financial reported $29.6 billion of total client cash sweep balances for the month, down 1.3% from the prior month. Of the total cash balance, $21.7 billion was insured cash, $4.1 billion was deposit cash and the remaining $3.8 billion was money market cash.
With increasing optimism in the U.S economy and gradual stabilization in the global equity markets, trading activities are anticipated to improve further. Also, LPL Financial has been expanding its offerings to all affiliated advisors. As a result, the company could gain greater market share.
The shares of the company gained 13.8% over the past three months; outperforming 4.6% growth of the Zacks categorized Financial - Investment Bank industry.
Among other brokerage stocks, E*TRADE Financial Corporation reported a rise in its Daily Average Revenue Trades (DARTs) for February. According to its monthly market activity, the company’s DARTs were 218,964, up 9% from the prior month and 33% year over year.
TD Ameritrade Holding Corporation (AMTD - Free Report) came up with average client trades per day of 534,000 in its activity report for February. The reported figure increased 2% from the prior month and 5% from the year-ago period.
Interactive Brokers Group’s (IBKR - Free Report) total client DARTs were 678,000 for Feb 2017, down 12% from Feb 2016 but up 5% from Jan 2017. Also, total customer accounts were 398,000, up 17% year over year and 2% from the prior month.
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LPL Financial (LPLA) Reports Improved February Metrics
Leading investment advisory firm and independent broker, LPL Financial Holdings Inc.’s (LPLA - Free Report) subsidiary LPL Financial LLC reported enhanced monthly activity for Feb 2017. The company recorded total brokerage and advisory assets of $527.5 billion at the end of the month, up 2.1% from the previous month.
Of these, brokerage assets were $304.8 billion, while advisory assets were $222.7 billion, as of Feb 28, 2017.
Also, LPL Financial reported $29.6 billion of total client cash sweep balances for the month, down 1.3% from the prior month. Of the total cash balance, $21.7 billion was insured cash, $4.1 billion was deposit cash and the remaining $3.8 billion was money market cash.
With increasing optimism in the U.S economy and gradual stabilization in the global equity markets, trading activities are anticipated to improve further. Also, LPL Financial has been expanding its offerings to all affiliated advisors. As a result, the company could gain greater market share.
The shares of the company gained 13.8% over the past three months; outperforming 4.6% growth of the Zacks categorized Financial - Investment Bank industry.
LPL Financial currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Among other brokerage stocks, E*TRADE Financial Corporation reported a rise in its Daily Average Revenue Trades (DARTs) for February. According to its monthly market activity, the company’s DARTs were 218,964, up 9% from the prior month and 33% year over year.
TD Ameritrade Holding Corporation (AMTD - Free Report) came up with average client trades per day of 534,000 in its activity report for February. The reported figure increased 2% from the prior month and 5% from the year-ago period.
Interactive Brokers Group’s (IBKR - Free Report) total client DARTs were 678,000 for Feb 2017, down 12% from Feb 2016 but up 5% from Jan 2017. Also, total customer accounts were 398,000, up 17% year over year and 2% from the prior month.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>