Reports Q2 revenue $3.12B, consensus $3.14B. Reports record client assets under administration of $1.45T. “We generated record quarterly net revenues of $3.12 billion in the fiscal second quarter fueled by robust year-over-year growth in client assets under administration of 18%, reflecting market growth and solid financial advisor retention and recruiting in the Private Client Group,” said Chair and CEO Paul Reilly. “Entering the back half of the fiscal year, we are well positioned with record client assets and ample capital to support business growth.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RJF:
- Raymond James Financial Reports Fiscal Second Quarter of 2024 Results
- RJF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Raymond James price target raised to $132 from $112 at Citi
- Raymond James price target raised to $123 from $113 at Morgan Stanley
- Raymond James price target raised to $139 from $128 at Seaport Research
