(Reuters) – Raymond James Financial’s profit rose 27% in its third fiscal quarter fueled by record revenue, client assets and bank loans, it reported on Wednesday.
The investment banking and brokerage firm said adjusted net income available to common stockholders increased to $508 million, or $2.39 per share, from $399 million, or $1.85 per share, a year earlier.
(Reporting by Makailah Gause, Editing by Lananh Nguyen and Chris Reese)
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