LPLA and HOOD have recently released their third-quarter earnings, and while there are some positive results, there is also uncertainty surrounding renewals and incentives. LPLA saw a 5% beat in EPS and a 4% beat in adj. EBITDA, thanks to lower G&A expenses and a lower guidance for FY26 G&A expenses. However, cash balances declined by 1% quarter over quarter, and total client assets grew by 4.5% annually. HOOD also saw mixed results, with a 5% beat in operating income and robust October MTD deposits. However, they outlined a modestly weaker transaction revenue outlook and missed on Monthly Active Users.

In the consumer segment, EAT saw its stock move from $260 in August to around $195-$200 ahead of this print due to investor feedback about possibly slower recent data. However, their comps ended up coming in better, with a positive DD Chili’s comp. It will be important to hear if they touch on exit trends and the start of fiscal 2Q, which is where many investors were focused.

The total 2Q comp was better, and they did have enough confidence to raise both top and bottom-line guide. This is a positive sign for investors, as it suggests that the company is confident in its growth prospects. However, there is still uncertainty surrounding renewals and incentives, which could impact the company’s performance in the near term.

Overall, both LPLA and HOOD have seen mixed results, with some positive results offset by uncertainty surrounding renewals and incentives. It will be important to keep an eye on these factors as they could impact the company’s performance in the near term.