Raymond James Financial(US:RJF)2021-10-28 19:46Financial Highlights - Fiscal 4Q21 - Net revenues reached a record of $2.695 billion, a 30% increase compared to 4Q20 and a 9% increase compared to 3Q21[6] - Net income also hit a record of $429 million, showing a substantial 105% increase from 4Q20 and a 40% increase from 3Q21[6] - Diluted earnings per common share reached a record of $2.02, reflecting a 102% increase compared to 4Q20 and a 39% increase compared to 3Q21[6] - Adjusted net income was a record $437 million, up 76% from 4Q20 and 13% from 3Q21[6] - Adjusted diluted earnings per share were a record $2.06, up 73% from 4Q20 and 13% from 3Q21[6] Key Metrics - Fiscal 4Q21 - Client assets under administration reached a record of $1,178.7 billion, a 27% increase compared to 4Q20 and a 1% increase compared to 3Q21[8] - Private Client Group (PCG) assets under administration also reached a record of $1,115.4 billion, a 26% increase compared to 4Q20 and a 1% increase compared to 3Q21[8] - PCG assets in fee-based accounts reached a record of $627.1 billion, a 32% increase compared to 4Q20 and a 2% increase compared to 3Q21[8] - Total clients' domestic cash sweep balances reached a record of $66.7 billion, a 20% increase compared to 4Q20 and a 6% increase compared to 3Q21[8] Financial Highlights - Fiscal Year 2021 - Net revenues reached a record of $9.760 billion, a 22% increase compared to FY 2020[14] - Net income also hit a record of $1.403 billion, showing a substantial 72% increase from FY 2020[14] - Diluted earnings per common share reached a record of $6.63, reflecting a 71% increase compared to FY 2020[14] - Adjusted net income was a record $1.492 billion, up 74% from FY 2020[14] - Adjusted diluted earnings per share were a record $7.05, up 73% from FY 2020[14]