Raymond James profits up 45%

ST. PETERSBURG — Raymond James Financial Inc. (symbol: RJF) earned $80.9 million in net income on $852 million in net revenues in the second quarter of 2011. Those numbers are up 45% and 16% respectively from last year's second quarter.

The company's net revenues were a record, but net income was actually 1% higher last quarter. Raymond James has earned just less than $163 million in profits through the first six months of 2011.

CEO Paul Reilly refuses to get too excited about his firm's future prospects, considering the significant number of unknown variables that remain in the marketplace.