LPL share price soars to record high
It's an interest-rate play, sources say, reflecting the boost the firm could get as the Federal Reserve embarks on a series of rate hikes.
Boosted by the potential for further interest rate hikes this year, shares of LPL Financial Holdings Inc. continued to fly on Thursday, hitting a new high of $220.80, according to market data from CNBC.com, before falling back to $205 after 1 p.m.
Shares of LPL Financial Holdings (LPLA) have bea
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