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

LPL Financial Holdings

Today 15:45

** 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

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))