Raymond James Financial, Inc. (NYSE: RJF) has reported net revenues of $2.08 billion, up 3% over the prior year’s fiscal fourth quarter and 13%
over the preceding quarter.
“While this fiscal year brought challenges we couldn’t have predicted, I’m incredibly proud of our associates’ and advisors’ unwavering commitment to continue providing excellent service to clients. Our client-first values facilitated record annual revenues for the firm in fiscal year 2020, which included record revenues in the Private Client Group, Capital Markets and Asset Management segments, reinforcing the value of having diverse and complementary businesses,” said Chairman and CEO Paul Reilly. “We are well-positioned entering fiscal 2021, with strong capital ratios and quarter-end records for client assets and the number of Private Client Group financial advisors. Moreover, financial advisor recruiting activity remains robust across all of our affiliation options and our investment banking pipelines are strong. However, given the high degree of economic uncertainty associated with the ongoing COVID-19 pandemic and the continued headwinds from near-zero short-term interest rates, we remain focused on improving operational efficiency while continuing to invest in service delivery and enhanced capabilities for our advisors and their clients.”