Raymond James Financial Inc Reports 150 Consecutive Quarters of Profitability
Raymond James Financial Inc has achieved a significant milestone, marking 150 consecutive quarters of profitability, a streak spanning nearly four decades.
The company’s fiscal third-quarter earnings announcement highlighted its growth, with client assets under administration exceeding $1 trillion.
Key Financial Metrics:
- Client assets under administration: exceeded $1 trillion
- Profit: decreased in the third quarter
- Earnings per share: declined
- Price-to-earnings ratio: remains relatively high
Stock Performance:
- Stock price: relatively stable with some fluctuations
- Market capitalization: no major changes
The company’s profit retreated in the second quarter, missing estimates. Despite this, Raymond James Financial Inc continues to demonstrate its resilience and strength in the financial services industry.