Raymond James Financial Inc Expands Presence in Financial Services Sector
Raymond James Financial Inc has expanded its presence in the financial services sector through the addition of a substantial team of financial advisors in New Jersey and Florida. The team brings approximately $1.8 billion in client assets to the company.
The expansion is expected to enhance Raymond James’ capabilities in serving individual, corporate, and municipal clients in the United States, Canada, and overseas.
Key Highlights:
- Location: New Jersey and Florida
- Number of advisors: substantial team (exact number not specified)
- Client assets: approximately $1.8 billion
- Geographic reach: United States, Canada, and overseas
The company’s stock price has shown a moderate increase, with its 52-week high being reached earlier this year. The recent developments suggest a positive outlook for Raymond James.
Stock Performance:
- 52-week high: reached earlier this year
- Stock price increase: moderate (exact percentage not specified)
The company’s strong-buy rating from Raymond James Financial further indicates its potential for growth.