Raymond James Financial the brokerage that acquired Morgan Keegan from Regions Financial last year, posted a quarterly profit that rose 41 percent on a one-time tax benefit.
Net income advanced to $117.5 million, or 82 cents a share, in the quarter ended Sept. 30, from $83 million, or 60 cents, a year earlier, the St. Petersburg, Florida-based company said today in a statement. That beat the 63-cent average estimate of analysts surveyed by Bloomberg.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access