RJF - Raymond James October client AUA slips 1% M/M rises 8% Y/Y

Raymond James Financial (RJF) client assets under administration of $922.6B rose 8% Y/Y and declined 1% from September.The M/M decrease is primarily from the decline in equity markets, with the S&P 500 Index down 3% vs. September.Y/Y growth resulted from equity market appreciation and the net addition of financial advisers in the Private Client Group.Net loans at Raymond James Bank of $21.6B rose 3% M/M, despite quarterly fee billings in the month, and 53% Y/Y.Previously: Raymond James client AUA rises 4% M/M on market gains, added advisors (Sept. 23)

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Raymond James October client AUA slips 1% M/M, rises 8% Y/Y