Raymond James Financial (RJF) reported a record $1.87 trillion in client assets under administration for its fiscal second quarter. This figure represents a 19% increase from the $1.57 trillion reported in the same quarter of the previous year. The company also saw its total net revenues grow to $3.56 billion, a 13% increase year-over-year, and its net income rose to $348 million, or $1.56 per diluted share, compared to $298 million, or $1.31 per diluted share, in the prior-year period.

Key Takeaways

• Raymond James Financial's client assets under administration reached a record $1.87 trillion in the fiscal second quarter.
• This marks a 19% increase in client assets compared to the same period last year.
• Total net revenues for the quarter were $3.56 billion, up 13% year-over-year.
• Net income increased to $348 million, or $1.56 per diluted share.

The company's next earnings report is scheduled for July 2024.

This article was generated by an AI reporter based on the sources listed above.