Raymond James (RJF +1.5%) jumps after Wells Fargo initiates coverage of the brokerage at...

|About: Raymond James Financial Inc. (RJF)|By:, SA News Editor

Raymond James (RJF +1.5%) jumps after Wells Fargo initiates coverage of the brokerage at Outperform as “one of the best-run firms in financial services, and we attractively view its low-risk private client focused business model." The firm likes RJF's acquisition of Morgan Keegan as "a meaningful EPS driver near term," particularly if the economy improves.