Raymond James Financial hit a fiscal trifecta Wednesday as it reported record quarterly profits and record revenues while exceeding analyst's expectations.
The St. Petersburg-based brokerage and financial services firm reported net income of $122.7 million for the fiscal third quarter ended June 30, up 33 percent from the year-ago period, which also included acquisition-related expenses of $13 million.
Per share earnings of 85 cents beat analysts' estimates by 9 cents a share.
Revenues rose 9 percent, from $1.1 billion to $1.2 billion.
CEO Paul Reilly said the company reached its performance targets for the current market and interest rate environment sooner than expected.
Results were announced after the close of market Wednesday.