|Bid||25.17 x 900|
|Ask||25.48 x 800|
|Day's Range||25.17 - 25.28|
|52 Week Range||25.17 - 25.28|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Raymond James Financial posted record net income despite a less-than-optimal market environment last quarter. While net revenue remained flat at $2.79 billion compared to the first fiscal quarter of last year, net income increased 14% to $507 million, according to the St. Petersburg-based financial services firm’s latest earnings report. Raymond James Bank, one of the firm’s four major business segments, is carrying the bottom line for the organization.
Raymond James Financial’s wealth management unit posted recorded net revenue and pretax income for the quarter ended Dec. 31 even as the company was buffeted by market headwinds. CEO Paul Reilly said during an earnings call Wednesday that the company posted strong performance despite a “volatile and challenging market environment.” Like its competitors, Raymond James’ client assets fell due in part to market declines.
Raymond James CEO Paul Reilly speaks with Yahoo Finance Live in an exclusive interview about the company's latest quarter, his 2023 macroeconomic outlook, rising interest rates, and layoffs in the banking sector.