Raymond James reports record-setting quarterly results
January 29, 2021 - Raymond James set numerous records for financial performance in the first quarter of its 2021 fiscal year, which ended Dec. 31. The St. Petersburg-based financial services firm set a new standard for net revenue with $2.22 billion, an 11 percent increase over the first quarter of its 2020 fiscal year. Net income also hit an all-time high of $312 million, as did client assets under administration ($1.02 trillion), financial assets under management ($1.69 billion) and net loans ($22 billion). In a press release, Raymond James attributed the results to higher asset management and related administrative fees, investment banking revenues and brokerage revenues.