Attached files
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| 8-K - 8-K - RAYMOND JAMES FINANCIAL INC | k8022310.htm |
| 8-K - PDF - RAYMOND JAMES FINANCIAL INC | submissionpdf.pdf |
Exhibit 99.1
February
22,
2010
FOR
IMMEDIATE RELEASE
RAYMOND JAMES FINANCIAL, INC.
RAYMOND JAMES FINANCIAL, INC.
REPORTS
JANUARY 2010 OPERATING DATA
ST.
PETERSBURG, Fla. – In an effort to provide timely information to enable analysts
and investors to stay better informed about the general trends in our major
business segments, we are releasing selected operating statistics. Due to the
limited nature of this data, a consistent correlation to earnings should not be
assumed.
“I’m
encouraged by the continued increase reflected in January’s commissions/fees,
which were up 27% over prior year’s levels. Although that represented
a small decline from December 2009, fewer business days this year more than
accounted for the difference. In spite of positive net sales, assets
under management declined from the prior month by 3% but were up 36% over the
year earlier total. January’s market decline also reduced client
assets under administration. Underwriting activity remains
robust. These results are consistent with our view that the recovery
is underway, albeit slowly, with anticipated monthly volatility.”
Raymond
James Financial (NYSE-RJF) is a Florida-based diversified holding company
providing financial services to individuals, corporations and municipalities
through its subsidiary companies. Its three principal wholly owned
broker/dealers (Raymond James & Associates, Raymond James Financial Services
and Raymond James Ltd.) and Raymond James Investment Services Limited, a
majority-owned independent contractor subsidiary in the United Kingdom, have a
total of more than 5,300 financial advisors serving approximately 19 million
accounts in 2,300 locations throughout the United States, Canada and overseas.
In addition, total client assets are currently $229 billion, of which
approximately $30 billion are managed by the firm’s asset management
subsidiaries.
To the
extent that Raymond James makes or publishes forward-looking statements
(regarding economic conditions, management expectations, strategic objectives,
business prospects, levels of loan loss provisions anticipated expense savings,
financial results, anticipated results of litigation and regulatory proceedings,
and other similar matters), a variety of factors, many of which are beyond
Raymond James’ control, could cause actual results and experiences to differ
materially from the expectations and objectives expressed in these statements.
These factors are described in Raymond James’ 2009 annual report on Form 10-K
and the quarterly report on Form 10-Q for the quarter ended December 31, 2009,
which are available on raymondjames.com and
sec.gov.
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January
2010
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January
2009
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December
2009
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|||
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(19
business days)
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(20
business days)
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(22
business days)
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|||
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Securities
commissions/fees (1)
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$
155.6 mil.
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$
123.0 mil
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$
163.4 mil.
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||
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Financial
Assets Under Management
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|||||
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(excluding
Money Market Funds) (2)
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$ 26.9
bil.
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$ 19.8
bil.
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$ 27.6
bil.
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||
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#
of managed/co-managed underwritings (3)
|
10
|
6
|
7
|
||
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Total
customer assets under administration
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$ 228.8
bil.
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$
172.8 bil.
|
$ 231.7
bil.
|
||
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Raymond
James Bank total assets
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$ 7.5
bil.
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$ 9.1
bil.
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$ 7.9
bil.
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||
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Raymond
James Bank total loans, net
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$ 6.5
bil.
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$ 7.7
bil.
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$ 6.5
bil.
|
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(1)
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Includes
all securities commissions and fees generated by our financial advisors,
both private client and
institutional.
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(2)
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This
is the primary revenue driver for the asset management segment. Investment
advisory fees are based on a percentage of assets at either a single point
in time within the quarter, typically the beginning or end of a quarter,
or the “average daily” balances of assets under
management.
|
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(3)
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This
is only one of several key revenue sources for the capital markets
segment; other key revenue sources include institutional sales commissions
and transaction fees.
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-30-
For more
information, contact Anthea Penrose at 727-567-2824
Please
visit the Raymond James Press Center at
raymondjames.com/media.