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https://www.barrons.com/advisor/articles/raymond-james-earnings-stock-8a5b43dc

Raymond James Earnings Dip, But Stock Jumps. CEO Sites Challenging Business Environment

By
Andrew Welsch
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Raymond James Financial reported net income in the third quarter dipped 1% year over year due to higher legal and regulatory costs, including a $55 million provision related to a previously-disclosed SEC action regarding employees’ off-platform communications.

The wealth management company (ticker: RJF) reported diluted earnings per share of $2.02 and net revenue of $3.05 billion for the recent quarter, up from $1.98 and $2.831 billion for the same period a year ago, respectively. Net income fell to $432 million from $437...

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