Raymond James Financial Reports Record April Client Assets on Market Gains, Inflows
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Raymond James Financial reported a 22% increase in client assets under administration, reaching a record $1.87 trillion in April, attributed to higher equity markets and net inflows. The company noted strong investment banking activity, although the timing of closings remains uncertain. Cash sweep and Enhanced Savings balances were stable at $55.6 billion year-over-year but decreased by 4% from March due to quarterly fees and tax payments.
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