Raymond James Financial reported record fourth quarter profits, up 16% year-over-year, driven in part by strong performance in its private client group.

"It was a great quarter to close out a great year," CEO Paul Reilly told analysts during a conference call. "I am extremely grateful to all our associates and advisors for their hard work to produce these results. I think this validates our acquisition with Morgan Keegan a few years ago and with the foundation that [chairman] Tom James built."

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access