other material
confidence high
sentiment neutral
materiality 0.55
Raymond James reports record client assets of $1.50T in July; monthly metrics show growth
RAYMOND JAMES FINANCIAL INC
- Client assets under administration reached $1.5046T, up 15% YoY and 2% from June 2024.
- Private Client Group assets in fee-based accounts up 17% YoY to $839.4B.
- Client domestic cash sweep and Enhanced Savings Program balances fell to $56.0B (-3% YoY, -1% MoM).
- Investment banking results improved in July; pipeline healthy but closing timing uncertain.