The California TAMP's latest financial report includes new milestones for revenue, platform asset and net income.

The company's earnings soared in the second quarter. Dan Arnold's team has more ideas in the works for further growth.

As revenues fell for other companies, Raymond James' earnings reached new heights — including for its wealth management division.

The company enjoyed "another strong quarter overall, led by continued growth of our wealth management business," CEO Jim Cracchiolo said.

In the second quarter of 2023, Stifel's profits were down from last year — except for its Global Wealth Management unit, which saw record growth.

In an interview, Chairman David Karr discussed the firm's financial advisor training and recruiting approach and embrace of "supported independence."

The Wall Street giant struggles amid plans to rely less on its own balance sheet and more on fees from managing others' investments.

BNY Mellon's chief financial officer said that the custodian nonetheless has some "quite exciting" announcements in the works for later this year.

From April to June, the firm's net income was $1.3 billion, down from $1.8 billion in the second quarter of 2022.

Outgoing CEO James Gorman said Tuesday that he sees the firm reaching $20 trillion in 14 years.