Raymond James said its net revenues for the fiscal third quarter ended June 30, 2024 were $3.23 billion, up 11% from a year earlier and 4% from the preceding quarter, and that net income available to common shareholders was $491 million, or $2.31 per diluted share.

1. 01

   Raymond James said its net revenues for the fiscal third quarter ended June 30, 2024 were $3.23 billion, up 11% from a year earlier and 4% from the preceding quarter, and that net income available to common shareholders was $491 million, or $2.31 per diluted share.

2. 02

   The company said that, excluding $23 million in acquisition-related expenses, quarterly adjusted net income available to common shareholders was $508 million, or $2.39 per diluted share.

3. 03

   The company said Private Client Group quarterly net revenues were $2.42 billion, up 11% from a year earlier, with pre-tax income of $441 million, while Bank segment net revenues were $418 million, down 19% from a year earlier, with pre-tax income of $115 million.

4. 04

   The company said it repurchased 2 million shares of common stock in Q3 at an average price of $122 per share, for a total of $243 million. Repurchases for the first 9 months of the fiscal year totaled $600 million, leaving about $945 million available under the Board-approved repurchase authorization.

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Original filing

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