Raymond James Financial, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2020
January 28, 2021 at 03:06 am IST
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Raymond James Financial, Inc. announced earnings results for the first quarter ended December 31, 2020. For the first quarter, the company announced total revenue was USD 2,260 million compared to USD 2,060 million a year ago. Net income was USD 312 million compared to USD 268 million a year ago. Basic earnings per share from continuing operations was USD 2.27 compared to USD 1.93 a year ago. Diluted earnings per share from continuing operations was USD 2.23 compared to USD 1.89 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%).
RAYMOND JAMES FINANCIAL, INC. 
