Raymond James profits up 90%

ST. PETERSBURG — Raymond James Financial Inc. (symbol: RJF) earned $81.7 million in net income on $813.8 million in net revenues in the first quarter of its 2011 fiscal year. Those numbers are up 90% and 18% respectively compared to last year's first quarter.

Both numbers represent record marks for the financial firm, according to CEO Paul Reilly.

“We continue to see a slow, but steady, improvement in the economy which augurs well for continued growth in our earnings potential,” Reilly said in a prepared statement.