Raymond James Financial : reports February 2024 operating data
March 20, 2024 at 04:22 pm EDT
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March 20, 2024
FOR IMMEDIATE RELEASE
Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Kristina Waugh, 727.567.7654
raymondjames.com/news-and-media/press-releases
RAYMOND JAMES FINANCIAL REPORTS FEBRUARY 2024 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for February 2024, in an effort to provide timely information to investors about monthly developments in certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
"Strong advisor retention and recruiting results, combined with equity market appreciation drove record client assets under administration of $1.42 trillion," said Chair and CEO Paul Reilly. "Clients' domestic cash sweep and Enhanced Savings Program (ESP) balances grew 13% year-over-year and 1% over the preceding month. During the month, cash sweep balances increased to $43.2 billion and ESP balances increased to $15.0 billion. Investment banking pipelines remain healthy, and we started to experience an improvement in closings in February."
Operating Data
As of
% change from
$ in billions
February 29,
February 28,
January 31,
February 28,
January 31,
2024
2023
2024
2023
2024
Client assets under administration
$
1,416.1
$
1,204.3
$
1,376.9
18%
3%
Private Client Group assets under administration
$
1,357.6
$
1,148.8
$
1,317.7
18%
3%
Private Client Group assets in fee-based accounts
$
775.4
$
654.0
$
751.2
19%
3%
Financial assets under management
$
220.5
$
190.6
$
214.9
16%
3%
Bank loans, net
$
44.0
$
43.6
$
44.0
1%
-%
Clients' domestic cash sweep and Enhanced Savings
$
58.2
$
51.7
$
57.5
13%
1%
Program balances
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.42 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF.
Additional information is available at www.raymondjames.com.
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Raymond James Financial Inc. published this content on
20 March 2024 and is solely responsible for the information contained therein. Distributed by
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20 March 2024 20:21:14 UTC.
Raymond James Financial, Inc. specializes in financial services. Revenues (including intragroup) by activity break down as follows:
- investment services (76.9%): securities brokerage, stock exchange intermediation, intervention on equity, interest rate and foreign exchange markets, derivatives, trading services, etc. for private and institutional clients;
- retail banking and merchant banking (15.7%);
- asset management (6.9%): USD 196.4 billion in assets under management at the end of September 2023;
- other (0.5%).
Revenues are distributed geographically as follows: the United States (91.3%), Canada (4.9%) and Europe (3.8%).
RAYMOND JAMES FINANCIAL, INC. 
