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Raymond James Financial Inc. (RJF)

  • Feb. 3, 2014, 3:33 PM
    • Stifel Financial (SF -4.2%) continues to slide inline with the rest of the brokerage names two days after boosting its California underwriting business with an agreement to acquire De La Rosa & Co. The combined firms will rank as the #1 underwriter in a number of areas: K-12, COP & Lease Revenue Bonds, Tax Increment, and Economic Development.
    • Terms were not disclosed.
    • Press release
    • Others in the sector today: BCG Partners (BGCP -4.4%), AllianceBernstein (AB -5.4%), Ameriprise (AMP -3.5%), Raymond James (RJF -4.9%).
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  • Apr. 10, 2012, 10:41 AM
    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.
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  • Feb. 13, 2012, 4:51 PM
    Raymond James (RJF) falls 2.6% AH after Bloomberg reports the company is launching a 10.5M share offering, good for proceeds of $366.6M based on today's close. The company plans to use the offering's proceeds to help pay for its acquisition of Morgan Keegan (RF).
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  • Jan. 9, 2012, 8:21 AM
    Regions Financial (RF) +1.8% premarket after WSJ reported over the weekend that the bank is close to a deal to sell its Morgan Keegan investment banking and brokerage unit for ~$1B. The price would be much less than the bank had once expected, and it isn't clear which of the reported bidders, Raymond James (RJF) or Stifel Financial (SF), is the favorite.
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  • Aug. 26, 2011, 12:05 PM
    Raymond James (RJF +2.2%) is trading higher this morning after announcing a dividend payout and combined $75M buyback of stock and senior notes. The company is the latest firm to unveil expanded repurchase programs while its shares are under pressure, having pared 33% off its value since hitting a high in late February.
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Company Description
Raymond James Financial Inc operates as a financial services and bank holding company. The Company through its subsidiaries is engaged in various financial services businesses in the United States of America and Canada.