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 CEO Paul Reilly on Fox Business
Fox Business | April 24, 2013
Raymond James CEO Paul Reilly discusses second quarter results on Fox Business.
Raymond James Beats JPMorgan as Best Brokerage: Riskless Return
Bloomberg | April 24, 2013
Raymond James Financial Inc. is showing investors that simplicity is key to generating gains. The company produced the best risk- adjusted return of nine U.S. brokerages, banks and advisory firms since 2009, the BLOOMBERG RISKLESS RETURN RANKING shows.
Fox Business Network broadcasts live from Raymond James corporate headquarters
Fox Business Network | April 5, 2013
Fox Business and anchor Liz Claman broadcast the “Countdown to the Closing Bell” and “After the Bell” shows live from Raymond James’ home office in St. Petersburg on April 5, 2013. Check out the interviews and what Liz had to say about Raymond James.
Raymond James’ New Breed Pushes Ahead After Morgan Keegan Acquisition
On Wall Street | April 1, 2013
In the April cover story, On Wall Street chronicled the transition Morgan Keegan advisors made during the Raymond James - Morgan Keegan conversion.
Raymond James launches ‘phenomenal’ RIA-like pay structure to the $100 million set
RIABiz | March 19, 2013
Raymond James is hoping to stand out among breakaway teams with $100 million in assets by dressing up its payout structure. Industry leaders say the company, with its splashy new policy letting advisors keep 100% of their advisory fees, is now poised to compete head-to-head with RIA custodians.
Raymond James Retires Morgan Keegan Brand, as Tech Transition Ends
AdvisorOne | February 28, 2013
Raymond James (RJF) wrapped up the conversion of Morgan Keegan operations and clients into Raymond James’ technology systems, and the Morgan Keegan brand had been retired. The St. Petersburg, Fla.-based broker-dealer says that over the 10-month integration, more than 500,000 client accounts were transferred from Morgan Keegan to Raymond James. The head of PCG said that the conversion was indeed “a Herculean effort with infinite complexity” and that the firm is “proud of the work its IT, operations and other departments executed.”
Raymond James’s Morgan Keegan Deal Looking Better
Fox Business | January 22, 2013
A rising stock market is breathing new life into Raymond James Financial Inc.’s acquisition of Morgan Keegan & Co. Raymond James is riding a wave of momentum: Shares have risen 27% over the past six months, reaching an all-time intraday high of $46.36 on Wednesday on a split-adjusted basis. Analysts say the company’s recent ascent is due mainly to renewed enthusiasm over the potential benefits of the Morgan Keegan deal.
Raymond James CEO Paul Reilly on Fox Business
Fox Business | January 23, 2013
Raymond James CEO Paul Reilly discusses first quarter results on Fox Business.
Raymond James Private Client Group CEO and SIFMA Chairman Chet Helck on CNBC
CNBC | January 16, 2013
Chet Helck, Raymond James Private Client Group CEO and SIFMA Chairman, discussed the loss of investor confidence and the financial service industry priority issues for 2013 on CNBC, prior to SIFMA’s annual “State of the Industry” briefing.
Raymond James Executive Chairman Thomas James Discusses What It Takes to Build an Institution
Investment News | December 16, 2012
Raymond James’ former CEO and current executive chairman, Thomas James, speaks with InvestmentNews about leadership, legacy and success in this C-Suite interview.
Raymond James CEO Paul Reilly on CNBC
CNBC | October 24, 2012
Raymond James CEO Paul Reilly discusses annual and fourth quarter results on CNBC.
Raymond James COO Chet Helck discusses investor trust and confidence on CNBC
CNBC | October 23, 2012
Raymond James COO and CEO of the Global Private Client Group Chet Helck discusses public trust and confidence on CNBC.
Raymond James CEO Paul Reilly on Bloomberg Television
Bloomberg Television | July 27, 2012
Raymond James CEO Paul Reilly discusses the financial services industry and the Morgan Keegan acquisition on Bloomberg Television.
Raymond James CEO Paul Reilly on CNBC
CNBC | July 26, 2012
Raymond James CEO Paul Reilly discusses third quarter earnings and investor sentiment on CNBC.
Raymond James CEO Paul Reilly on Fox Business
Fox Business | June 27, 2012
Raymond James CEO Paul Reilly discusses the challenges investors face and the importance of staying focused on long-term financial planning on Fox Business Network.
Raymond James’ Deal Bigger Than You Think: Goldman
The Street | June 22, 2012
Raymond James Financial’s April acquisition of regional broker dealer Morgan Keegan from Regions Financial will likely drive an upside earnings surprise, according to a note from Goldman Sachs published Friday. Goldman’s analysts see “lots of room” for the $900 million deal to beat both management original guidance and consensus expectations. Raymond James has also done a better job than anticipated of retaining financial advisors – hanging on to 98% of legacy Morgan Keegan advisors compared to an estimated 90%.
Past performance is not indicative of future results. This is provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock.
Rob Baird Finds Himself Fired Up At Raymond James | Morgan Keegan
Bond Buyer | April 26, 2012
Starting as Morgan Keegan & Co. first public finance banker, Rob Baird rose through the ranks over 32 years to leadership positions as the head of fixed income and investment banking. Now he’s leading public finance and debt investment banking at the new fixed-income division of the recently merged Raymond James | Morgan Keegan, which remains in downtown Memphis.
Raymond James Tops Estimates
Zacks Investment Research | April 26, 2012
Raymond James Financial Inc.’s (RJF) fiscal second quarter 2012 (ended March 31) earnings per share came in at 64 cents, surpassing the Zacks Consensus Estimate of 56 cents. Moreover, this exceeded the prior-quarter earnings of 53 cents and came at par with the prior-year quarter earnings of 64 cents… Raymond James’ net income in the fiscal second quarter stood at $81.9 million, compared with $67.3 million in the previous quarter and $80.9 million in the year-ago quarter. Raymond James recorded fiscal second-quarter net revenue of $871.9 million, up 11% sequentially and 2% year over year.
Raymond James CEO Paul Reilly on CNBC
CNBC | April 26, 2012
Raymond James CEO Paul Reilly discussed second quarter earnings and the regulatory environment on CNBC.
Nearly 600 Morgan Keegan Advisors Agree To Stay With Raymond James
On Wall Street | March 22, 2012
Just two months after its $930 million acquisition of Morgan Keegan, Raymond James said Wednesday that 98% of the roughly 600 Morgan Keegan financial advisors who received retention incentive offers have agreed to stay with the firm.
Raymond James CEO Paul Reilly on Fox Business
Fox Business | March 2, 2012
Raymond James CEO Paul Reilly discussed investor sentiment, the economic outlook and gave an update on the Morgan Keegan merger on Fox Business.
Raymond James CEO Reilly Justifies Billion-Dollar Deal
Forbes | February 3, 2012
A year ago, in a meeting at Raymond James Financial’s St. Petersburg, Fla. headquarters, Chief Executive Paul Reilly told me the firm was content to grow organically and make small acquisitions to fill out product lines or geographic gaps. That target size went by the wayside in January though, when Raymond James announced a $930 million acquisition of Morgan Keegan from Regions Financial.
Raymond James CEO on Fox Business
Fox Business | February 2, 2012
Raymond James CEO Paul Reilly discussed the Morgan Keegan merger and retail investing on Fox Business.
Raymond James Bulks Up, Battles On
Forbes | February 2, 2012
Raymond James CEO Paul Reilly sat down with Forbes reporter Steve Schaefer to discuss Raymond James’ strategic plans and the Morgan Keegan Merger.
Raymond James CEO, Paul Reilly’s Market Outlook
Nightly Business Report | February 2, 2012
Nightly Business Report spoke to Raymond James CEO Paul Reilly about the U.S. economy and the European sovereign debt crisis.
Raymond James Rising
On Wall Street | February 1, 2012
New Raymond James & Associates President Tash Elwyn takes the helm, and Morgan Keegan advisors sweep in. Tash Elwyn’s job just got more complicated. The new president of RJ&A sat in a conference room in late December in St. Petersburg, Fla. ... discussing his plans for his unit, now that he was assuming the mantle of leadership following the promotion of Dennis Zank. But that was just a few weeks before the parent company struck a deal with Regions Financial to buy its Memphis-based Morgan Keegan unit for $930 million.
Raymond James CEO Paul Reilly on Bloomberg
Bloomberg | February 1, 2012
Raymond James CEO Paul Reilly discussed investing and the Morgan Keegan merger on Bloomberg
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.