April 28, 2022 – Raymond James Financial, based out of St. Petersburg, reported second-quarter revenues. The revenue showed an increase year over year, but it also showed a decline compared to the previous quarter. The quarterly net revenues rose 13% year-overyear to $2.67 Billion, but fell 4% from the previous quarter. During Thursday morning’s earnings call, Paul Reilly (CEO) attributed the shortfall a volatile environment. Despite the decline in quarterly revenue, the financial institution is still enjoying a growth streak. Revenues have increased by 19% to $5.45 billion in the first half of fiscal year.
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