Sector: Financials|Industry: Asset Management|Market Cap: $31.10B|Employees: 18.7K
Raymond James Financial, Inc. is a diversified financial services company providing private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities. The firm operates predominantly in the United States, with a smaller presence in Canada, the United Kingdom, and other parts of Europe. Raymond James emphasizes a client-first approach and long-term decision-making.
Net revenues increased from $2.873 billion to $3.118 billion, representing a 9% increase compared to the same quarter last year. This indicates a positive trend in the company's overall financial performance.
Interest expense increased from $284 million to $520 million, indicating a substantial rise in borrowing costs. This could impact future profitability if not managed effectively.
Net income available to common shareholders increased from $425 million to $474 million, indicating improved profitability for common shareholders.