January 25, 2019
Our platform provider, Raymond James, posts it latest results
Raymond James Financial (NYSE: RJF) reported record quarterly net revenues of $1.93 billion, up 12% over the prior year’s fiscal first quarter and 2% over the preceding quarter. Net income was $249 million for fiscal Q1 ended December 31, 2018. Revenue growth was largely attributable to beginning the quarter with higher Private Client Group assets in fee-based accounts, as well as higher net interest income, primarily at Raymond James Bank.
Chairman and CEO, Paul Reilly said ‘Despite the challenging market environment, the Private Client Group segment, Asset Management segment and Raymond James Bank generated record net revenues during the quarter’.