Raymond James Financial, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016
January 25, 2017 at 04:51 pm
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Raymond James Financial, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported net revenues of $1,492,802,000 compared to $1,274,158,000 a year ago. Pre-tax income was $206,379,000 compared to $168,338,000 a year ago. Net income attributable to the company was $146,567,000 or $1.00 per diluted share compared to $106,329,000 or $0.73 per diluted share a year ago. Total revenues were $1,528,768,000 compared to $1,300,857,000 a year ago. Adjusted pre-tax income was $219,045,000 compared to $170,210,000 a year ago. Adjusted net income attributable to the company was $155,562,000 or $1.07 per diluted share compared to $107,511,000 or $0.73 per diluted share a year ago. Book value per share was $35.55 compared to $32.38 a year ago. Return on equity - quarter (annualized) was 11.7% compared to 9.3% a year ago. Return on equity - quarter computed based on non-GAAP measures (annualized) was 12.4% compared to 9.4% a year ago.
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%).