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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.
“We're very pleased as to where we stand today in terms of our market position and what we've accomplished over this last year in the Morgan Keegan integration,” CEO Paul Reilly told analysts in a Thursday conference call, according to a transcript on SeekingAlpha.com.
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