RJF - Raymond James Financial Inc. (RJF) Q1 2024 Earnings Call Transcript

2024-01-24 22:24:04 ET

Raymond James Financial, Inc. (RJF)

Q1 2024 Earnings Conference Call

January 24, 2024 05:00 PM ET

Company Participants

Kristina Waugh - Senior Vice President, Investor Relations

Paul Reilly - Chair and Chief Executive Officer

Paul Shoukry - Chief Financial Officer

Conference Call Participants

Michael Cho - J.P. Morgan

Devin Ryan - JMP Securities

Dan Fannon - Jefferies

Kyle Voigt - KBW

Brennan Hawken - UBS

Steven Chubak - Wolfe Research

James Mitchell - Seaport Research Partners

Mark McLaughlin - Bank of America

Alexander Blostein - Goldman Sachs & Co.

Michael Cyprys - Morgan Stanley

Presentation

Kristina Waugh

… First Quarter Earnings Call. This call is being recorded, and will be available for replay on the company's Investor Relations Web site.

I am Kristie Waugh, Senior Vice President of Investor Relations, thank you for joining us today. With me on the call today are Paul Reilly, Chair and Chief Executive Officer; and Paul Shoukry, Chief Financial Officer. The presentation being reviewed today is available on Raymond James Investor Relations Web site. Following the prepared remarks, the operator will open the line for questions.

Calling your attention to Slide 2. Please note that certain statements made during this call may constitute forward-looking statements. These statements include, but are not limited to, information concerning future strategic objectives, business prospects, financial results, industrial market conditions, anticipated timing and benefits of our acquisitions and our level of success integrating acquired businesses, anticipated results of litigation and regulatory developments and general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as may, will, could, should and would, as well as any other statement that necessarily depends on future events are intended to identify forward-looking statements.

Please note that there can be no assurance that actual results will not differ materially from those expressed in these statements. We urge you to consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q and Forms 8-K, which are available on our Web site.

Now, I'm happy to turn the call over to Chair and CEO, Paul Reilly. Paul?

Paul Reilly

Thank you, Kristie. Good evening. Thank you for joining us today. Who would have thought given all the uncertainty over the past year, we would have ended the last fiscal year with record results, and generated record earnings per share and record client assets this quarter. This is a testament to our focus on executing on our strategic priorities, which are rooted in our advisor and client-focused cultures. These priorities have remained consistent over many years. They are to drive organic growth throughout our businesses, invest in technology and service capabilities, and to maintain focus on strategic M&A and effective integrations. Through our relentless focus on these priorities, we have maintained long-term success across changing market environments....

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