Raymond James Financial : reports August 2014 operating data

September 24, 2014

ST. PETERSBURG, Fla. - In an effort to provide timely information to investors about general trends in our major business segments, we are releasing selected operating data for August 2014. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Total securities commissions and fees of $277.4 million increased 13.4 percent over last year's August and decreased 2.7 percent from the preceding month, which had one additional trading day. For the month, institutional equity commissions declined following a robust July while institutional fixed income commissions essentially remained flat.

Client assets under administration of $484.9 billion grew 18.3 percent over the prior year's August and 2.4 percent over the preceding month, as the S&P 500 increased 3.8 percent in August. Similarly, financial assets under management of $66.2 billion increased 22.6 percent over the prior year and 3.4 percent over July.

"Investment banking revenues declined in August following a very strong month for M&A in July," explained CEO Paul Reilly. "Meanwhile, trading profits remained steady."

Net loans at Raymond James Bank grew to $10.9 billion in August, a significant 23.9 percent increase over last year's August and a $300 million increase over the preceding month.

"The Private Client Group and Asset Management segments continue to benefit from equity market appreciation and near-record recruitment and retention of financial advisors," said Reilly. "We remain focused on prudently growing all of our businesses."