Raymond James in the News

Excerpts from business press reports. These are provided for informational purposes only and are not to be considered a solicitation to buy or sell Raymond James Financial stock.

Raymond James to Merge with Morgan Keegan
CNBC | January 11, 2012
CEO Paul Reilly announced on CNBC that Raymond James will be merging with Morgan Keegan.

Raymond James Makes its Social-Media Move
InvestmentNews | November 20, 2011
Raymond James Financial Inc. has become the latest financial services firm to help minimize the compliance barrier to wider use of social media. The firm is using the Socialite platform from Actiance Inc. so that its financial advisers can use social media to prospect for new clients and connect with existing clients while still being compliant with Finra rules. This means that the firm's 1,500 employee advisers and roughly 3,300 affiliated independent advisers will be able to embrace social media.

Raymond James Launches New Advisor Training Program
On Wall Street | November 17, 2011
Raymond James recently introduced a two-year, new financial advisor development program that aims to help address the issue of succession for retiring advisors, attract more women into the profession and double the likelihood of new advisors succeeding. Dubbed the Advisor Mastery Program (AMP) it is modeled after the firm’s successful residency training program.

Raymond James Not Missing A Beat Under Reilly
Forbes | October 20, 2011
Ninety-five straight quarters of profits is nothing to sneeze at in any line of business, but in the financial industry, where many firms were lucky to get out of the 2008 crisis in one piece, losses have been a frequent occurrence at many firms for the past few years. One of the exceptions is Raymond James Financial, which wrapped up its fiscal year with another solid quarter Wednesday.

Raymond James posts record revenue and net income
St. Petersburg Times | October 20, 2011
Raymond James Financial on Thursday announced record annual net revenue and annual net income for the 2011 fiscal year. The St. Petersburg-based financial services company posted $3.33 billion in net revenue, up 14 percent from the previous year, and $278.4 million in net income, up 22 percent.

Raymond James Up 4% After Quarterly Revenue Increases 14%
Barron’s | July 21, 2011
By Murray Coleman. Shares of Raymond James Financial (RJF) are up 4% after the broker and wealth advisor reported late yesterday strong quarterly revenue growth. The firm's fiscal third-quarter profit dropped 23% as it recorded a $45 million pretax ...

Raymond James Tops Estimates in Second Quarter
On Wall Street | April 21, 2011
Raymond James Financial had no trouble topping analysts’ second-quarter sales and earnings estimates Wednesday, posting a profit of $80.9 million, or 64 cents a share, on sales of $852 million. Analysts pegged the St. Petersburg, Fla.-based firm for a profit of 62 cents a share on sales of $25 million. The $852 million in sales represents a 16% improvement from the year-ago quarter when it pocketed $55.6 million, or 45 cents a share, on sales of $734.4 million. "This quarter’s record net revenue, assets under administration and assets under management demonstrate the underlying strength of the firm through this economic recovery," CEO Paul Reilly said in a statement

Raymond James 2Q Net up 45% on Private-Client Strength, Smaller Provisions
Wall Street Journal | April 20, 2011
Raymond James Financial Inc.’s (RJF) fiscal second-quarter profit rose 45% as the regional broker saw improved results at its private-client and capital markets groups and reduced its loan-loss provisions. The investment banking and wealth-management firm continued to see its performance improve, growing revenue and setting aside less to cover bad loans. Its private-client group, which oversees most of the company’s wealth advisory and brokerage business, has helped drive the strength. "This quarter’s record net revenue, assets under administration and assets under management demonstrate the underlying strength of the firm through this economic recovery," Chief Executive Paul Reilly said.

Raymond James: Advisor Fees and Commissions up 20% in Early ‘11
AdvisorOne | February 24, 2011
Raymond James Financial said late Wednesday that its 5,300-plus financial advisors had total fees and commissions of $186.2 million during January 2011 vs. production of $155.6 million in the same month of 2010 – an increase of 20%. “Overall, our performance continues to improve with the economy,” said CEO Paul Reilly, in a press release. “Securities commissions and fees were up 20% over last year, and 6% over last month on a daily basis. Although the number of lead managed deals was down from December’s robust month, investment banking had a good month when considering strong M&A activity,” Reilly explained in a statement. “Fixed-income trading profits returned to a more normalized level in January.”

Profit from this Best Picks List
Kiplinger | January 25, 2011
By Steven Goldberg: “Raymond James stock analysts have a great record of picking stocks that beat the market. Most brokerage firms’ list of top stock recommendations are hardly worth the paper they’re printed on. But Raymond James’ annual list is a different story. For the ten-year period that ended December 3, 2009, it beat Standard & Poor’s 500-stock index by an average of 17.6 percentage points per year. It beat the index by 21 points last year.The Raymond James list has been a marvel of consistency, too. In only one year since the list was started in 1996 has it failed to top the S&P 500. That was in 2006, when it lagged the index by nine percentage points. .... At any rate, I’ve weeded the 13 picks down to seven stocks that I think look most attractive.”

Raymond James fiscal 1Q profit soars 90 percent
Bloomberg Business Week | January 20, 2011
Raymond James Financial Inc. said Wednesday its net income in the fiscal first quarter soared 90 percent, helped by increased business in the private client group. For October through December, Raymond James’ net income climbed to $81.7 million, or 65 cents per share, from $42.9 million, or 35 cents per share in the same period last year. That's higher than Wall Street was expecting... “This quarter’s record net revenues and record net income are a testament to our management team, which continued to build Raymond James even during the financial meltdown of 2009,” said CEO Paul Reilly in a statement.

Raymond James bolsters investment banking biz with buy
Investment News | December 29, 2010
Raymond James Financial Inc. announced it is acquiring Howe Barnes Hoefer & Arnett, Inc., a Chicago-based investment bank. Howe Barnes, with 115 employees, focuses on investment banking services for regional banks and thrifts. The deal will “bolster our existing expertise in the financial institutions sector – an area of focus for our capital markets team,” Raymond James chief executive Paul Reilly said in a statement.

Tom James Interview at Yale Summit
CNBC | December 20, 2010
Chairman Tom James discusses the state of the retail investor and financial markets at the Yale CEO Summit on CNBC’s “The Call.”

Raymond James eyes ‘half a dozen’ deals - CEO
Reuters | December 8, 2010
Raymond James Financial Inc has “half a dozen” potential acquisitions “in the hopper” as the brokerage firm looks to expand its investment banking and asset management businesses, Chief Executive Paul Reilly told investors on Wednesday. The St. Petersburg, Florida-based brokerage just capped a strong fiscal year marked by advances in its retail brokerage, expansion in investment banking and a recovery in its commercial banking unit. Among the areas Reilly wants to bolster is asset management, noting the company wants to capture the move by investors into large-cap equities funds.

Weather, Winter and the Polls: Buy Energy
Wall Street Journal | November 1, 2010
Market strategists have a lot on their plate. The big piece: Forecasting what’s going to happen in the various financial markets. Get it wrong too often, people stop listening.

Raymond James chairman sees recruiting rebound
Reuters | October 21, 2010
By Joseph A. Giannone NEW YORK, Oct 21 (Reuters) - Raymond James Financial Inc (RJF.N) Chairman Thomas James said on Thursday broker recruiting will rebound ...

Raymond James Leverages Conservatism
MediaPost | October 18, 2010
In our post-recession world, financial conservatism is back in vogue, and it’s a mindset that plays right into the personality of 48-year-old company Raymond James. The St. Petersburg, Fla.-based company is launching a new campaign, “Tales of Financial Pragmatism,” from Minneapolis advertising agency Martin/Williams. The campaign plays up the company’s values of integrity, responsibility and pragmatism through storytelling ...

Raymond James and BOKF Fund Two Projects
Affordable Housing Finance | September 22, 2010
Raymond James Tax Credit Funds announced it has recently partnered with the BOKF Community Development Fund, a Bank of Oklahoma subsidiary focused on economic development and affordable housing, to provide $6.9 million in low-income housing tax credit equity to two developments in McAlester, Okla. “Affordable housing fulfills a vital need for families in the communities we serve,” said Paula Bryant-Ellis, president of BOKF Community Development Fund. “This is a great partnership for us with Raymond James Tax Credit Funds, and we look forward to working with them on future projects.”

Raymond James: Bulging With Opportunistic Hires
Wall Street Journal | September 12, 2010
Raymond James Financial Inc. isn’t everything to everyone – but it’s pretty darn close. For this interview, Raymond James gathered its hiring braintrust – Scott Curtis, senior vice president of the private client group, Pamela Ward, human resources director and Melissa Keiser, manager of talent management – to discuss the recent exodus of FAs from the wirehouses, how the company is improving retention rates and why its shareholders are on board every step of the way.

Raymond James names director, declares dividend
Thomson Reuters | August 25, 2010
Raymond James Financial Inc said on Wednesday it had appointed a new director to the brokerage holding company’s board. Gordon Johnson, president of Highway Safety Devices Inc, will become the St. Petersburg, Florida-based brokerage’s 11th member. Johnson was working on the board of Raymond James’ bank subsidiary, holding a director post at Raymond James Bank since 2007. Separately, the board approved the separation of the office of chairman and the chief executive post, and declared an 11 cents per share dividend.

Raymond James positive 3Q Earnings report
Wall Street Journal | July 21, 2010
Raymond James Financial Inc.’s (RJF) fiscal third-quarter earnings jumped 42% on better-than-expected revenue growth as the regional broker again reported lower loan-loss provisions... Raymond James Chief Executive Paul Reilly said the latest quarter’s positive results weren’t surprising, given the financial crisis that persisted a year ago. Still, he said it was rewarding to have the positive trend continue in relation to the most recent quarter, even as the markets retracted midway.

Raymond James aims to broaden Western presence
American Chronicle | June 26, 2010
With layoffs, mergers and acquisitions shaking up the financial industry, Raymond James & Associates is seizing the opportunity to recruit new stockbrokers for its Western branches. “Expanding during a downturn, if you have financial capital, is really good,” CEO Paul Reilly said Tuesday during a visit to its Las Vegas branches. Raymond James Financial, the brokerage’s holding company, has 89 consecutive quarters of profits and has emerged from the near meltdown on Wall Street with strong financial resources, he said.

Tampa Bay’s top public companies
St. Petersburg Times | Friday, May 21, 2010
Raymond James Financial ranked #7 on the list. Paul Reilly, 56, was president of Raymond James a year ago, but the CEO title officially became his this month with the handoff by 40-year veteran chief executive Tom James, who remains chairman. In this year’s annual St. Petersburg Times survey of area businesses, Reilly was second in voting only to Sykes Enterprises CEO Chuck Sykes as an emerging leader.

Raymond James Adds Matkowski to Expand Midwest Group
The Bond Buyer | Thursday, May 13, 2010
St. Petersburg, Fla.-based Raymond James & Associates has hired veteran Chicago public finance banker Linda Matkowski to lead an expansion of its Midwestern general government group, in keeping with the firm's plan for national growth.

Raymond James Makes Leadership Transition: Reilly Becomes CEO; James Remains Chairman
Research Magazine | Thursday, May 06, 2010
The leadership team of Raymond James Financial shares its thoughts on having a new CEO, Paul Reilly, and how it can build on its record '09 recruiting efforts.

Thirty for Thirty
Investment Advisor | Tuesday, May 04, 2010
Chairman of the board and former CEO Tom James was named to Investment Advisor's list of the 30 most influential individuals in and around the planning profession over the last three decades.

40 Years of Tom James
Financial Planning | Saturday, May 01, 2010
After 40 years at the helm of Raymond James, Tom James reflects back as he prepares to welcome Paul Reilly as CEO. This feature story in a special 40th Anniversary issue includes comments from COO Chet Helck, Tom James and Paul Reilly as they discuss the past, present and future of the company.

Profits Surge at Raymond James
On Wall Street | Thursday, April 22, 2010
Raymond James reported that second quarter earnings rose to $55.6 million, or 45 cents a share, from $6.1 million, or a nickel per share, a year earlier. Net revenue increased 26% to $734.4 million and total revenue rose 27% to $750 million. Analysts had expected a profit of 42 cents per share on $703 million of revenue. Analysts said they expect assets to increase as Raymond James continues to attract top advisors from competitors.

Raymond James Ranks in Top 10 of Best Places to Work
St. Petersburg Times | Sunday, March 21, 2010
“What makes a great workplace? Employees helping one another. Sense of purpose. Pride and loyalty. Attention and care from top managers. A healthy dose of fun. Most of all, a clear mission and confidence in leaders,” wrote Times Business columnist Robert Trigaux. In a survey of 17,000 workers, the St. Petersburg Times ranked Raymond James a 2010 Top Workplace in the Tampa Bay area in the large company category. Tom James was named the best business leader in that category.

People on the Move: Spotlight on Paul Reilly
Financial Planning | Thursday, February 25, 2010
Paul Reilly, president of Raymond James Financial [RJF], will be expected to uphold the company’s deliberate operational style as he prepares to take over the chief executive officer role from Tom James.

Profit From This Best-Picks List
Kiplinger Business Resource Centre | Tuesday, January 26, 2010
Most brokerage firms’ list of top stock recommendations are hardly worth the paper they’re printed on. But Raymond James & Associate’s annual list is a different story. For the ten-year period that ended December 3, 2009, it beat Standard & Poor’s 500-stock index by an average of 17.6 percentage points per year. It beat the index by 21 points last year. The Raymond James list has been a marvel of consistency, too. In only one year since the list was started in 1996 has it failed to top the S&P 500 [that was in 2006].

Raymond James Seeks a Smart Footprint
The Bond Buyer | Monday, January 11, 2010
Raymond James & Associates has been grabbing talent from larger firms ever since the credit crisis tossed and turned the financial world upside down in late 2007. “The footprint we have is large, but public finance, sales, and trading have significant growth opportunities – we’re trying to capitalize on doing that in an intelligent fashion,” said Mark Magee, Raymond James’ senior vice president and manager of sales, trading and underwriting. Raymond James was ranked 24th among senior managers in the country last year, on 98 deals valued at $2.126 billion. A quarter of those were done in the Southeast where the firm has a 1.5% market share.

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