Raymond James Financial, Inc. (NYSE: RJF) has reported net revenues of $1.83 billion and net income of $172 million for the fiscal third quarter ended June 30, 2020.
“Our highest priority during the COVID-19 crisis continues to be the health and safety of our associates and advisors. Our team has persevered through the many changes and uncertainties over the past few months to continue providing excellent service to advisors and clients,” said Chairman and CEO Paul Reilly. “While financial advisor transitions were initially disrupted by the crisis, particularly for our employee affiliation as offices were closed, recruiting activity is now strong for all of our affiliation options, facilitated by our significant technology investments over the past several years. Although lower interest rates have negatively affected our financial performance, the record results generated in our fixed income business during the quarter highlight the benefit of having diverse and complementary businesses.”