Nearly a year after announcing that it had plans to purchase Morgan Keegan, Raymond James continues to see modest growth as it moves toward finalizing the integration.
The St. Petersburg, Fla.-based firm announced that net revenues topped out at $1.14 billion for the first fiscal quarter of 2013, up 42% from last year and four percent from $1.09 billion last quarter. Net income rose by 28% from last years $67.3 million to $85.9 million. Earnings per share hit $0.61, up from $0.60 last quarter but below Thompson Reuters estimates of $0.68.
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