Raymond James CIO Larry Adams noted that while higher interest rates and inflation concerns created volatility during August, the fundamental backdrop remained supportive with economic growth exceeding expectations, corporate earnings healthy, and consumer activity resilient.
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Signal category
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Quote
“According to Raymond James CIO Larry Adams, 'While higher interest rates and inflation concerns created bouts of volatility during the month, the fundamental backdrop remains supportive. Economic growth continues to exceed expectations, corporate earnings remain healthy and the consumer has shown remarkable resilience.'”
— Rob Wood|Raymond James team
Company
- Industry
- Financial Services
- Location
- St. Petersburg, US
- Company size
- 19,897 employees
Founded in 1962 and a public company since 1983, Raymond James Financial, Inc. is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management. The firm's stock is traded on the New York Stock Exchange (RJF). Through its three broker/dealer subsidiaries, Raymond James Financial has approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.26 trillion (as of 10/25/2023). Raymond James has been recognized nationally for its community support and corporate philanthropy. The company has been ranked as one of the best in the country in customer service, as a great place to work and as a national leader in support of the arts.
Founded 1962