Raymond James Q2 2023 Earnings Report
Key Takeaways
Raymond James Financial reported record net revenues of $2.87 billion and net income available to common shareholders of $425 million, or $1.93 per diluted share, for the fiscal second quarter ended March 31, 2023. The results were driven by growth in the Private Client Group and Raymond James Bank, despite a challenging market environment.
Record quarterly net revenues of $2.87 billion, up 7% year-over-year.
Net income available to common shareholders of $425 million, or $1.93 per diluted share.
Domestic Private Client Group net new assets of $21.5 billion, representing an 8.4% annualized growth rate.
Client assets under administration of $1.22 trillion and financial assets under management of $194.4 billion.
Raymond James
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Raymond James Revenue by Segment
Forward Guidance
The company is well positioned with strong capital ratios and a flexible balance sheet to remain a source of strength and stability for advisors and their clients.
Revenue & Expenses
Visualization of income flow from segment revenue to net income