Raymond James said client assets under administration stood at $1,504.6 billion as of July 31, 2024, up 15% from July 31, 2023 and 2% from June 30, 2024.

1. 01

   Raymond James said client assets under administration stood at $1,504.6 billion as of July 31, 2024, up 15% from July 31, 2023 and 2% from June 30, 2024.

2. 02

   The company said Private Client Group assets under administration were $1,444.0 billion and Private Client Group assets in fee-based accounts were $839.4 billion as of July 31, 2024. Both rose 15% and 17%, respectively, from July 31, 2023.

3. 03

   Clients' domestic cash sweep and Enhanced Savings Program balances were $56.0 billion as of July 31, 2024, down 3% from July 31, 2023 and 1% from June 30, 2024, the company said. It attributed the decline in part to cash inflows that partially offset the impact of quarterly fee billings.

4. 04

   Raymond James said bank loans, net, were $45.6 billion as of July 31, 2024, up 5% from July 31, 2023. The company also said investment banking results improved in July, and that the pipeline is healthy but the timing of closings remains uncertain.

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Original filing

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