Raymond James Q2 2021 Earnings Report
Key Takeaways
Raymond James Financial, Inc. reported record quarterly net revenues of $2.37 billion and net income of $355 million, or $2.51 per diluted share, for the fiscal second quarter ended March 31, 2021. The results were driven by higher asset management and related administrative fees, investment banking revenues and brokerage revenues. The company also reported record client assets under administration and a record number of financial advisors.
Record quarterly net revenues of $2.37 billion, up 15% year-over-year.
Record quarterly net income of $355 million, or $2.51 per diluted share, up 110% year-over-year.
Record client assets under administration of $1.09 trillion.
Record Private Client Group assets in fee-based accounts of $567.6 billion, up 48% year-over-year.
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Raymond James Revenue by Segment
Forward Guidance
Raymond James did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income