Form 8-K RAYMOND JAMES FINANCIAL For: Nov 18
Tweet
Share
E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 18, 2015
Date of report (date of earliest event reported)
Raymond James Financial, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Florida
(State or Other Jurisdiction of Incorporation)
1-9109 | 59-1517485 | |
(Commission File Number) | (IRS Employer Identification No.) | |
880 Carillon Parkway St. Petersburg, FL 33716
(Address of Principal Executive Offices) (Zip Code)
(727) 567-1000
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On November 18, 2015, Raymond James Financial, Inc. (the "Company") issued a press release to disclose its operating data for October 2015.
The information in this Current Report, including any exhibits hereto, is being "furnished" and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the Company specifically states that the information or exhibit in this particular report is incorporated by reference).
Item 9.01 Financial Statements and Exhibits
(d) The following is filed as an exhibit to this report:
Exhibit No.
99.1 Press release, dated November 18, 2015, issued by Raymond James Financial, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RAYMOND JAMES FINANCIAL, INC. | |||
Date: | November 18, 2015 | By: | /s/ Jeffrey P. Julien |
Jeffrey P. Julien | |||
Executive Vice President - Finance, | |||
Chief Financial Officer and Treasurer | |||
EXHIBIT INDEX
Exhibit No. | Description |
99.1 | Press release, dated November 18, 2015, issued by Raymond James Financial, Inc. |
November 18, 2015 FOR IMMEDIATE RELEASE
Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Paul Shoukry, 727.567.5133
raymondjames.com/media
RAYMOND JAMES FINANCIAL REPORTS OCTOBER 2015 OPERATING DATA
ST. PETERSBURG, Fla. - In an effort to provide timely information to investors about general trends in our major business segments, we are releasing selected operating data for October 2015. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Total securities commissions and fees of $289 million increased 1 percent compared to October 2014 and 3 percent compared to September 2015. The Private Client Group segment experienced a sequential decline attributable to starting the quarter with lower assets in fee-based accounts, which was due to the equity market depreciation in the preceding quarter. These fee-based accounts are primarily billed based on balances at the beginning of each quarter. However, the sequential decline in the Private Client Group segment was more than offset by a substantial increase in the Capital Markets segment, elevated by a strong month for both institutional equity and fixed income commissions.
Client assets under administration of $503.7 billion increased 5 percent compared to both October 2014 and September 2015, as the S&P 500 appreciated over 8 percent during October. Client assets were also lifted by our continued success in retaining and recruiting financial advisors. Financial assets under management of $68.5 billion increased 4 percent over October 2014 and 5 percent over September 2015.
“The Capital Markets segment enjoyed a strong start to the quarter, as institutional commissions, M&A activity and trading profits were all solid in October,” said CEO Paul Reilly. “The investment banking pipeline remains reasonably robust, but we are cautious given the heightened market volatility.”
Total net loans at Raymond James Bank reached a record $13.1 billion, up 16 percent over October 2014 and $85 million over September 2015. An increased rate of payoffs during the month resulted in a deceleration of loan growth relative to the preceding quarter.
“The high degree of uncertainty impacting the markets reinforces the value of our conservative culture, which maintains a steadfast commitment to putting the financial well-being of our clients first,” Reilly said.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 6,600 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $504 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.
Forward-Looking Statements
Certain statements made in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the “SEC”) from time to time, including our most recent Annual Report on Form 10-K and subsequent Forms 10-Q, which are available on www.raymondjames.com and the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.
October 2015 | October 2014 | % Change | September 2015 | % Change | ||||||||
(22 business days) | (23 business days) | (21 business days) | ||||||||||
Total securities commissions and fees (in mil.) (1) | $289.0 | $287.4 | 1 | % | $281.5 | 3 | % | |||||
Client assets under administration (in bil.) | $503.7 | $480.3 | 5 | % | $480.0 | 5 | % | |||||
Private Client Group assets under administration (in bil.) | $476.7 | $455.9 | 5 | % | $453.3 | 5 | % | |||||
Financial assets under management (in bil.) (2) | $68.5 | $66.0 | 4 | % | $65.2 | 5 | % | |||||
Raymond James Bank total loans, net (in bil.) | $13.1 | $11.3 | 16 | % | $13.0 | 1 | % | |||||
(1) Includes all securities commissions and fees generated by our financial advisors, both private client and institutional.
(2) This is the primary revenue driver for the asset management segment. Investment advisory fees are based on a percentage of assets at either a single point in time within the quarter, typically the beginning or end of a quarter, or the “average daily” balances of assets under management.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Raymond James Financial (RJF) Tops Q2 EPS by 1c
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Raymond James Downgrades Synovus Financial (SNV) to Market Perform
Create E-mail Alert Related Categories
SEC FilingsRelated Entities
Raymond JamesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
