Every material Form 8-K Raymond James Financial filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Chair and CEO Paul Reilly will step down as CEO at the close of the February 20, 2025 Annual Shareholders Meeting and become Executive Chair, under a leadership succession plan the company previously disclosed. The Board unanimously appointed President Paul M. Shoukry, 41, to succeed him as CEO, and the Board will set compensation for both executives at a later date.
Paul C. Reilly steps down as CEO at the close of the Annual Shareholders Meeting on February 20, 2025 and becomes Executive Chair for a period the Board will determine.
Paul M. Shoukry, 41, President and director, was appointed CEO effective upon Reilly's transition; he was Chief Financial Officer until September 30, 2024.
Jeffrey N. Edwards will continue as Lead Independent Director.
Christopher Shoukry, the CEO nominee's brother, was paid $767,310 in cash compensation and $23,016 in LTIP contributions from October 1, 2023 to the present as a director at Alex. Brown.
Raymond James reported record net revenues of $3.46 billion and net income available to common shareholders of $601 million, or $2.86 per diluted share, for the fiscal fourth quarter ended September 30, 2024. For fiscal 2024, net income available to common shareholders rose 19% to $2.06 billion, and the firm repurchased 7.7 million shares for $900 million.
Fiscal Q4 2024 net revenues of $3.46 billion, up 13% from the prior year's fourth quarter
Fiscal Q4 diluted EPS of $2.86, compared with $2.02 a year earlier
Fiscal 2024 net revenues of $12.82 billion, up 10%; diluted EPS of $9.70, up 22%
Fiscal 2024 share repurchases of 7.7 million shares for $900 million, leaving about $645 million under the authorization
Raymond James reported fiscal third-quarter 2024 results for the period ended June 30, 2024, with record net revenues of $3.23 billion, up 11% from a year earlier, and net income available to common shareholders of $491 million, or $2.31 per diluted share, compared with $1.71 a year earlier. The company also repurchased about 2 million shares for $243 million during the quarter, leaving approximately $945 million available under its Board-approved repurchase authorization.
Net revenues of $3.23 billion, up 11% from the prior year's fiscal third quarter and 4% from the preceding quarter
Net income available to common shareholders of $491 million, or $2.31 per diluted share, versus $1.71 a year earlier
Bank segment net interest margin of 2.64%, down 62 basis points from the prior year's fiscal third quarter
Repurchased about 2 million shares for $243 million, with approximately $945 million remaining under the authorization
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Raymond James Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →