Raymond James' profit rises 9.8%

ST. PETERSBURG — Raymond James Financial Inc. reported revenue of $1.14 billion for the third quarter ended June 30, up 2% from a year ago.

The St. Petersburg-based financial services firm reported a profit of $83.9 million, or 59 cents a share, up from $76.4 million, or 55 cents a share, a year earlier. Excluding acquisition related expenses, the company earned $92.5 million, or 65 cents per share.

The financial services firm (symbol: RJF; recent price: $43.78) has substantially completed its integration of Memphis-based brokerage Morgan Keegan, which the company acquired in April for $1.2 billion.