Financial Services
Price
$178.29
-1.55%Market Cap
$34.3B
Day High
$180.41
Day Low
$177.27
Raymond James’s fiscal third-quarter earnings jumped 36.5% as robust fee income growth and a lower tax rate more than offset higher compensation costs.
Key risk: Interest Rate Sensitivity
Raymond James' net interest income and RJBDP fees from third-party banks are sensitive to short-term interest rate changes; the recent rate cuts have pressured these revenues, as reflected in a flat combined $658 million this quarter.
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