Raymond James Eyes Potential Acquisitions, But a Deal Could Still Be Years Away

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Raymond James Financial has cash to spend and it is actively pursuing potential acquisitions, but any deal announcement could still be a long way off, CFO Paul Shoukry said Tuesday.

Shoukry, who spoke Tuesday at UBS’ Financial Services Conference in Key Biscayne, Fla., said the wealth management company had hired a new head of corporate development and was “in the flow” with investment bankers. 

“We...

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