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Jun 30, 2024
Raymond James Q3 2024 Earnings Report
Raymond James reported strong Q3 2024 results with record revenues and client assets.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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