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