RJF - Raymond James Financial Inc. (RJF) Q3 2024 Earnings Call Transcript

2024-07-25 00:05:27 ET

Raymond James Financial, Inc. (RJF)

Q3 2024 Earnings Conference Call

July 24, 2024 05:00 PM ET

Company Participants

Kristie Waugh - Senior Vice President, Investor Relations and FP&A

Paul Reilly - Chair and Chief Executive Officer

Paul Shoukry - President and Chief Financial Officer

Conference Call Participants

Michael Cho - JP Morgan

Devin Ryan - Citizens JMP

Steven Chubak - Wolfe Research

Dan Fannon - Jefferies

Brennan Hawken - UBS

Kyle Voigt - KBW

Bill Katz - TD Cowen

Jim Mitchell - Seaport Global

Michael Cyprys - Morgan Stanley

Alex Blostein - Goldman Sachs

Presentation

Kristie Waugh

Good evening, and welcome to Raymond James Financial's Fiscal 2024 Third Quarter Earnings Call. This call is being recorded and will be available for replay on the company's Investor Relations website. I'm Kristie Waugh, Senior Vice President of Investor Relations. Thank you for joining us.

With me on the call today are Paul Reilly, Chair and Chief Executive Officer, and Paul Shoukry, President and Chief Financial Officer. The presentation being reviewed today is available on Raymond James Investor Relations website. Following the prepared remarks, the operator will open the line for questions.

Calling your attention to Slide two. 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, industry or market conditions, anticipated timing and benefits of our acquisitions, and our level of success in 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 10K and subsequent forms 10Q and forms 8K, which are available on our website.

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

Paul Reilly

Thank you, Christy, and good evening. Thank you for joining us today. Last week Paul and I attended our Summer Development Conference for our employee advisors. It's exciting to spend time with so many advisors who embody our client first culture.

We hear firsthand what makes Raymond James a great place for advisors who value the breadth of our technology and product platform so they can effectively serve their clients, and importantly, a firm that provides advisors the tools they need to grow their businesses. Paul and I appreciate the passion and dedication of the thousands of advisors who continue to serve their clients day-in and day-out.

Turning to our quarterly results, we once again delivered strong results in the quarter. Our diverse and complementary business combined to generate record results for the first nine months of the fiscal year. We continue to invest in our businesses, our people, and our technology to help drive growth across all of our businesses....

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