Press Release

May 11, 2009

RAYMOND JAMES TO PROVIDE
ADDITIONAL DETAILS CONCERING
SELF-IMPOSED STRESS TEST

ST. PETERSBURG, Fla. – Raymond James Financial, Inc. (NYSE-RJF) will disclose additional details concerning a self-imposed “stress test” performed on Raymond James Bank, FSB, at an analyst conference sponsored by UBS on May 12, 2009.

A copy of the materials and information to be distributed at the conference is posted on the company’s website at raymondjames.com under “About our Company,” “Investor Relations,” “Presentations and Webcasts.”

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers, (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 5,000 financial advisors serving approximately 1.8 million accounts in approximately 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $172 billion, of which approximately $26 billion are managed by the firm’s asset management subsidiaries.

To the extent that Raymond James makes or publishes forward-looking statements (regarding economic conditions, management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2008 annual report on Form 10-K and quarterly report for the quarters ended December 31, 2008 and March 31, 2009 on Form 10-Q, which are available on raymondjames.com and sec.gov.

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For more information, contact Tammy Eitel at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.