Raymond James plans $750M stock buyback
The board of directors of Raymond James Financial has authorized the repurchase of up to $750 million of company stock. The authorization, approved Aug. 15, replaces the previous stock buyback announced in March. The repurchases may be made from time to time at prices that the company deems appropriate and subject to market conditions, and there's no fixed expiration date on the buyback. Raymond James (NYSE: RJF) is a financial services company headquartered in St. Petersburg.