Raymond James Financial’s acquisition of Morgan Keegan lifted the St. Petersburg, Fla.-based firm’s earnings despite unfavorable economic conditions.
“Overall, I am pleased with our quarterly results given the Morgan Keegan integration efforts and the difficult market environment,” chief executive Paul Reilly said in a statement. Net income at the parent company, Raymond James Financial Inc., rose 63% to $76,350,000 in the third quarter of 2012 from $46,786,000 for the same period one year ago.
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