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NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, a 6 percent rise over last year, but a 3 percent drop from the record high revenue posted in the prior quarter. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for...
ST PETERSBURG, Fla. _ Raymond James Financial Inc. on Wednesday reported fiscal first-quarter net income of $126.3 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 87 cents per share. Raymond James shares have declined almost 9 percent since the beginning of the year.
NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, up 6 percent from last year, but down 3 percent from the previous quarter due to a seasonal slowdown. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for the...
Jan 6- Raymond James Investment Advisors, a division of Raymond James Financial Inc, said it hired two advisers from Bank of New York Mellon Corp to form an advisory firm based in Tampa, Florida. Raymond Ifert, who managed $850 million in client assets at BNY Mellon's Tampa office, will head the firm, REI Wealth Management. A spokeswoman for BNY Mellon confirmed...
Dec 12- Raymond James& Associates, a branch of Raymond James Financial Inc, said it hired two advisers from the advisory unit of Wells Fargo& Co.. Father-and-son team Erwin and Terry Bry, and sales associate Lori Fugate previously worked at AG Edwards Inc, which was later bought by Wells Fargo. Wells Fargo was not immediately available for comment.
NEW YORK, Nov 9- At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going. The mild aerobics were part of a three-day event orchestrated by Chris Johnson, a wellness guru...
NEW YORK, Oct 29- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its revenues climbed to a record high $1.29 billion in the fiscal fourth quarter, up 14 percent from last year, while profits climbed more slowly than the previous quarter. Net income rose to $136.36 million, or 94 cents per share, for the fiscal fourth quarter ended Sept. 30,...
NEW YORK, Oct 21- Raymond James Financial Inc is preparing to offer exchange-traded funds free of transaction fees, ratcheting up its competition for assets against similar programs in place at Charles Schwab Corp and TD Ameritrade Holding Corp.. The St. Petersburg, Florida- based company is to begin offering nearly 120 commission-free ETFs next month to its...
Sept 24- Raymond James Financial Inc reported a 2.7 percent drop in securities commissions and fees in August from the previous month, due to lower institutional equity commissions. "Investment banking revenues declined in August following a very strong month for M&A in July," Chief Executive Paul Reilly said in a statement.
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