Raymond James Financial, Inc. (NYSE: RJF) has reported net revenues of $2.07 billion and net income of $169 million, or $1.20 per diluted share, for the fiscal second quarter ended March 31, 2020.
“First and foremost, our top priority during the COVID-19 crisis is the health and safety of our associates and advisors. I am extremely proud of our team for quickly transitioning to our business continuity protocols and providing excellent, continuous service to clients during these challenging times,” said Chairman and CEO Paul Reilly. “Our solid financial performance during a tumultuous quarter highlights the resiliency of our diversified and client-focused business model. While economic deterioration, declines in the equity markets and lower short-term interest rates are expected to negatively impact our financial results, we are well positioned for the long term with very strong levels of capital and liquidity.”