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Mar 31, 2024
Raymond James Q2 2024 Earnings Report
Raymond James reported record quarterly net revenues and increased client assets under administration.
Key Takeaways
Raymond James Financial reported record quarterly net revenues of $3.12 billion for the fiscal second quarter ended March 31, 2024, a 9% increase over the prior year. Net income available to common shareholders was $474 million, or $2.22 per diluted share. The firm's client assets under administration reached a record $1.45 trillion.
Record quarterly net revenues of $3.12 billion, up 9% year-over-year.
Net income available to common shareholders was $474 million, or $2.22 per diluted share.
Record client assets under administration of $1.45 trillion, up 18% over March 2023.
Private Client Group assets in fee-based accounts reached a record $798.8 billion, up 20% over March 2023.
Revenue by Segment
Forward Guidance
The company did not include a quantitative forward guidance. The CEO mentioned that entering the back half of the fiscal year, Raymond James is well positioned with record client assets and ample capital to support business growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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