On the strength of better-than-expected revenue growth, Raymond James Financial Inc. announced Wednesday that its fiscal second-quarter earnings increased.
The regional broker reported that earnings rose to $55.6 million, or 45 cents a share, from $6.1 million, or a nickel per share, a year earlier. Net revenue increased 26% to $734.4 million and total revenue rose 27% to $750 million. Analysts had expected a profit of 42 cents per share on $703 million of revenue.
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