Raymond James Financial Reports 3rd Quarter Fiscal 2018 Results

Raymond James Financial, Inc. (NYSE: RJF) reported net revenues of $1.84 billion and net income of $232.3 million for the fiscal third quarter ended June 30, 2018. Record quarterly net revenues were driven by growth of Private Client Group assets in fee-based accounts and strong investment banking revenues. Results for the quarter were also helped by higher short-term interest rates, which lifted both net interest income and fees earned on balances in the Raymond James Bank Deposit Program.

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