LPL Financial Holdings Inc. LPLA

$LPLA

Lower purple line is 2 standard deviations of the 200 day average bb.

$LPLA so Wells announced they’d up mm fund rates, and announced a hit to revenue of approximately 340million$, or .00436 x rev. The equivalent to LPL would be approximately 45mill$ of 10.5B$, or 60cent/share. Even at 100% profit margin(likely much lower)it’s equivalent to a 6% cut to their estimate of $10 eps for 2025. Stock should be down, but 30% off highs of 3 weeks ago?

$LPLA 30% haircut in 3 weeks to the market cap…over a money market fund issue that hardly anybody uses anyway? Really? That 6 billion $ is equivalent to 1.2% of total discretionary assets. Wild.

$LPLA pandemic low weekly CCI and RSI. Face ripper.in.