Raymond James breaks records

ST. PETERSBURG -- Raymond James Financial Inc. (symbol: RJF) posted a record performance in its 2011 fiscal year, setting new highs in revenues generated and net income earned.

The financial firm generated $3.33 billion in annual revenues, up 14% over the year, and $278.4 million in net income, up 22%.

“These results are impressive given that they were tempered by historically low interest earnings on cash balances and also include the charge for auction rate securities (ARS), which is now behind us,” says CEO Paul Reilly of the firm's performance in a release.