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Jun 30, 2023
Raymond James Q3 2023 Earnings Report
Raymond James reported record net revenues and net income for Q3 2023.
Key Takeaways
Raymond James Financial, Inc. reported record net revenues of $2.91 billion and net income available to common shareholders of $369 million, or $1.71 per diluted share, for the fiscal third quarter ended June 30, 2023. The results were driven by higher net interest income and RJBDP fees from third-party banks, which were partially offset by elevated provisions for legal and regulatory matters.
Record quarterly net revenues of $2.91 billion, up 7% over the prior year’s fiscal third quarter.
Net income available to common shareholders of $369 million, or $1.71 per diluted share.
Record client assets under administration of $1.28 trillion.
Domestic Private Client Group net new assets of $14.4 billion for the fiscal third quarter, 5.4% annualized growth rate.
Revenue by Segment
Forward Guidance
While the investment banking pipeline remains healthy and new business activity is solid, the timing of closings is largely dependent on improving market conditions.
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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