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Raymond James Financial, Inc. (NYSE: RJF) is a leading, diversified financial services company headquartered in Florida, offering a broad range of services including wealth management, investment banking, asset management, and commercial banking. Founded in 1962 and public since 1983, Raymond James supports more than 8,700 financial advisors across the United States, Canada, and the United Kingdom, with total client assets exceeding $1.45 trillion as of March 2024.
The company's core business operations are primarily focused on providing financial planning and advisory services through its subsidiary companies. Raymond James is committed to helping individuals, corporations, and municipalities achieve their financial goals through a personalized, client-first approach. The firm operates three broker-dealer subsidiaries, offering a wide range of services from private client group advisory to capital markets and asset management.
Raymond James has been consistently recognized for its outstanding community support and corporate philanthropy. It has earned national acclaim for customer service, being a great place to work, and its significant support of the arts. Recent achievements include record net revenues of $3.12 billion and net income of $474 million for the fiscal second quarter ended March 31, 2024. The Private Client Group and Asset Management segments have shown robust growth, contributing significantly to the company's financial health.
The firm's strategic initiatives include the integration of cutting-edge tax management technology from 55ip, enhancing its managed account platform to deliver tax-smart transition, rebalancing, and ongoing tax-loss harvesting. This partnership, expected to take effect mid-2024, underscores Raymond James' commitment to leveraging advanced technology to provide superior client outcomes.
Raymond James' capital markets division has shown resilience and growth despite challenging macroeconomic conditions. With a strong pipeline of investment banking deals and healthy new business activity, the company continues to capitalize on market opportunities.
Furthermore, the company maintains a strong capital position with a total capital ratio of 23.3% and a tier 1 leverage ratio of 12.3%, well above regulatory requirements. This financial stability allows Raymond James to support its operations, fund growth initiatives, and return value to shareholders through dividends and share repurchases.
For investors seeking a reliable financial services firm with a robust track record, Raymond James presents a compelling option, blending traditional financial expertise with innovative solutions to meet evolving market demands.
On February 25, 2022, Raymond James Financial (NYSE: RJF) declared a quarterly cash dividend of $0.34 per share, payable on April 18, 2022, to shareholders of record by April 4, 2022. With around 8,700 financial advisors and total client assets of $1.25 trillion, RJF continues to establish itself as a key player in the financial services sector. The firm urges investors to review its forward-looking statements and associated risks, which are documented in its filings with the SEC.
Raymond James Financial, Inc. (NYSE: RJF) reported strong growth in client assets as of January 31, 2022, driven by advisor retention and recruitment, with assets under administration reaching $1,245.4 billion, a 21% increase year-over-year. The recent acquisition of Charles Stanley added nearly $34 billion in client assets. However, investment banking revenues decreased in January following a record fiscal first quarter. The M&A pipeline remains robust despite this decline.
Raymond James Financial, Inc. reported record fiscal Q1 net revenues of $2.78 billion, a 25% increase year-over-year. Net income reached $446 million or $2.10 per diluted share, marking a 43% growth. Key metrics showed client assets under administration at $1.26 trillion and financial assets under management at $203.2 billion. Investment banking revenue surged to a record $425 million, driven by M&A and equity underwriting. The company also announced a 31% dividend increase to $0.34 per share, with a strong outlook for Q2.
Raymond James Financial, Inc. (NYSE: RJF) reported key operating metrics for November 2021, showing strong growth in client assets. Client assets under administration reached $1,220.3 billion, a 23% increase from November 2020. Private Client Group assets also saw a 23% year-over-year growth to $1,162.7 billion. Financial assets under management rose 20% year-over-year to $196.4 billion. The report indicates strong retention and recruiting activity, fueled by a client-first culture and robust investment banking activity.
Raymond James Ltd. CEO Paul Allison will step down on December 31, 2021, transitioning to Executive Chairman, focusing on strategic guidance and client relationships. Jamie Coulter, currently Executive VP of Wealth Management, will succeed him as CEO. Allison, a leader in Raymond James’ growth in Canada, emphasized the firm’s commitment to client service and reputation. The company, which has approximately 8,500 financial advisors and $1.23 trillion in client assets, aims to maintain its growth momentum under Coulter's leadership.
Raymond James Financial (NYSE: RJF) announced that President John Carson will retire effective December 31, 2021, transitioning to the role of vice chairman. He will also step down as head of Fixed Income and Public Finance. Horace Carter, currently executive vice president of Fixed Income Capital Markets, will succeed Carson. Carson, who joined Morgan Keegan in 1994 and became CEO in 2008, has significantly contributed to the firm's growth. Raymond James, a diversified financial services company with approximately 8,500 advisors, manages total client assets of $1.23 trillion.
On December 2, 2021, Raymond James Financial (NYSE: RJF) announced a quarterly cash dividend of $0.34 per share, representing a 31% increase from the previous dividend of $0.26. This dividend will be payable on January 18, 2022, to shareholders of record on January 4, 2022. Additionally, the company authorized a share repurchase program of up to $1 billion, replacing a previous authorization of $750 million. This strategic move allows for flexibility in managing share repurchases without a fixed expiration date.
Raymond James has appointed Robbie Moseley as vice president and head of Advisor Choice Consulting, succeeding Barry Papa. Moseley brings extensive experience from Edward Jones and UBS. Under his leadership, the recruiting team aims to maintain steady growth by offering flexibility and support to financial advisors. Raymond James manages approximately $1.23 trillion in client assets and has around 8,500 financial advisors, emphasizing its client-first culture and robust technology.
Raymond James Financial, Inc. (NYSE: RJF) reported record operating data for October 2021, highlighting significant growth across multiple segments. Client assets under administration reached $1.23 trillion, a 33% increase from October 2020, while financial assets under management hit $199.3 billion, up 32%. The firm also noted an increase in net loans to $25.4 billion, an 18% rise year-over-year. Growth was attributed to market appreciation and a strong recruitment drive for financial advisors. Cash sweep balances stood at $66.8 billion, reflecting a 17% increase from the previous year.
Raymond James Financial (NYSE: RJF) reported record financial results for its fiscal fourth quarter ended September 30, 2021. Net revenues reached $2.70 billion, a 30% increase year-over-year, and net income was $429 million, or $2.02 per diluted share. Full fiscal 2021 results showed net revenues of $9.76 billion, marking a 22% growth, with net income surging by 72% to $1.40 billion. The company also highlighted record assets under administration of $1.18 trillion and increased financial advisors to 8,482, signaling strong growth in client engagement and investment banking revenues.
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