other material
confidence high
sentiment neutral
materiality 0.45
Raymond James Feb client assets up 12% YoY to $1.58T; cash sweep down 3%
RAYMOND JAMES FINANCIAL INC
- Client assets under administration of $1.58T, up 12% YoY but down 1% sequentially.
- Private Client Group fee-based accounts rose 16% YoY to $896.7B.
- Domestic cash sweep and ESP balances fell 3% YoY and 1% sequentially to $56.6B.
- CEO cites strong investment banking pipeline but lower Q1 closings due to macro uncertainty.