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Raymond James Reports Record Revenue Despite Earnings Miss, Shares Jump 4% |  Paul Reilly, CEO , Raymond James. 00:10:00

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Raymond James shares surged 4% after announcing record revenue of over $3 billion for the fourth quarter, driven by higher interest rates and increased loan demand. Despite missing earnings estimates, CEO Paul Reilly highlighted the firm's strong wealth management performance and long-term growth strategy. Reilly also noted the firm's focus on capital liquidity and potential acquisition opportunities amidst current market conditions.

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