Raymond James Financial : announces increase in securities repurchase authorization

Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Paul Shoukry, 727.567.513
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February 4, 2016

RAYMOND JAMES FINANCIAL ANNOUNCES INCREASE IN SECURITIES REPURCHASE AUTHORIZATION

ST. PETERSBURG, Fla. - The Raymond James Financial, Inc. (NYSE: RJF) Board of Directors on February 4, 2016, increased its repurchase authorization with respect to the company's common stock and outstanding senior notes to $150 million. Prior to today's Board action, there was approximately $20 million remaining under the previous repurchase authorization of $150 million announced November 19, 2015. The repurchases may be made from time to time at the discretion of the Board's Securities Repurchase Committee at prices that the company deems appropriate and subject to market conditions, applicable law and other factors. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise. The Board's authorization does not have a fixed expiration date. The repurchase authorization does not obligate the company to repurchase any dollar amount or number of securities and may be suspended or discontinued at any time.

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 6,700 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $500 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.