Raymond James delivers record quarter

ST. PETERSBURG — Raymond James Financial Inc. reported record net revenues of $1.2 billion and record net income of $122.7 million for the fiscal third quarter ended June 30. The company also had record earnings per diluted share of $0.85 an increase of 44% compared to the same quarter a year ago. However, that same third fiscal quarter in 2013 included $13 million of acquisition-related expenses. Excluding those acquisition related expenses, earnings per diluted share increased 31% over the same quarter.