Raymond James Q3 2024 Earnings Report
Key Takeaways
Raymond James Financial reported record quarterly net revenues of $3.23 billion, up 11% year-over-year, and net income available to common shareholders of $491 million, or $2.31 per diluted share. Adjusted net income was $508 million, or $2.39 per diluted share. The company saw record client assets under administration of $1.48 trillion and strong domestic Private Client Group net new asset annualized growth of 5.2%.
Record client assets under administration reached $1.48 trillion, and Private Client Group assets in fee-based accounts hit a record $820.6 billion, up 15% and 18% respectively year-over-year.
Domestic Private Client Group net new assets were $16.5 billion for the quarter, representing an annualized growth of 5.2%.
Record quarterly net revenues of $3.23 billion, an increase of 11% compared to the prior year's fiscal third quarter.
Net income available to common shareholders was $491 million, or $2.31 per diluted share; adjusted net income available to common shareholders was $508 million, or $2.39 per diluted share.
Raymond James
Raymond James
Raymond James Revenue by Segment
Forward Guidance
We are well positioned entering the fiscal fourth quarter with strong capital ratios and a flexible balance sheet.
Revenue & Expenses
Visualization of income flow from segment revenue to net income