Raymond James posted a second-quarter profit of $68.9 million, or $0.52 a share, on sales of $872 million.

Excluding the $21 million pretax charge for acquisition-related and certain interest expenses and adjustments to shares issued for the Morgan Keegan acquisition, net income would have been $81.9 million, or $0.64 a share, essentially flat with the $80.9 million, or $0.64 a share, it pocketed in the year-ago quarter.

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