Exhibit 99.1
Release No. 1204-02
Dec. 1, 2004 FOR IMMEDIATE RELEASE
RAYMOND JAMES FINANCIAL, INC.
REPORTS SEPTEMBER 2004 SEGMENT DATA
ST. PETERSBURG, Fla. - In an effort to provide timely information to enable analysts and investors to stay better informed about the general trends in our major business segments, we are releasing segment information.
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 5,100 financial advisors serving 1.3 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $128 billion, of which approximately $23 billion are managed by the firm’s asset management subsidiaries.
To the extent that Raymond James makes or publishes forward-looking statements (regarding management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2003 annual report on Form 10-K, which is available on raymondjames.com and sec.gov.
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Release No. 1204-02 RAYMOND JAMES FINANCIAL, INC.
Page 2
Raymond James Financial, Inc. |
Consolidated Business Segments |
Year-to-Date as of September 24, 2004 |
| | | | | | | | |
| | REVENUES |
| | | | | | Year-to-Year change |
| | Sept 2004 | | Sept 2003 | | $ | | % |
Private Client Group | $ 1,223,458 | | $ 994,815 | | $ 228,643 | | 22.98% |
| Percent | 66.86% | | 66.43% | | | | |
| | | | | | | | |
Capital Markets | 400,787 | | 330,966 | | $ 69,821 | | 21.10% |
| Percent | 21.90% | | 22.10% | | | | |
| | | | | | | | |
Asset Management | 148,160 | | 123,647 | | $ 24,513 | | 19.82% |
| Percent | 8.10% | | 8.26% | | | | |
| | | | | | | | |
RJ Bank | 28,104 | | 28,699 | | $ (595) | | -2.07% |
| Percent | 1.54% | | 1.92% | | | | |
| | | | | | | | |
Other | 29,267 | | 19,444 | | $ 9,823 | | 50.52% |
| Percent | 1.60% | | 1.30% | | | | |
| | | | | | | | |
Total | $ 1,829,776 | | $ 1,497,571 | | $ (332,205) | | 22.18% |
| | PRE-TAX INCOME |
| | | | | | Year-to-Year change |
| | Sept 2004 | | Sept 2003 | | $ | | % |
Private Client Group | $ 109,743 | | $ 73,440 | | $ 36,303 | | 49.43% |
| Percent | 53.76% | | 53.11% | | | | |
| | | | | | | | |
Capital Markets | 57,910 | | 37,532 | | $ 20,378 | | 54.30% |
| Percent | 28.37% | | 27.14% | | | | |
| | | | | | | | |
Asset Management | 27,875 | | 18,730 | | $ 9,145 | | 48.83% |
| Percent | 13.66% | | 13.55% | | | | |
| | | | | | | | |
RJ Bank | 8,824 | | 10,182 | | $ (1,358) | | -13.34% |
| Percent | 4.32% | | 7.36% | | | | |
| | | | | | | | |
Other | (231) | | (1,609) | | $ 1,378 | | 85.64% |
| Percent | -1.11% | | -1.16% | | | | |
| | | | | | | | |
Total Operating | $ 204,121 | | $ 138,275 | | $ 65,846 | | 47.62% |
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For more information, please contact Tracey Bustamante at 727-567-2824.
Please visit the Raymond James Press Center atraymondjames.com/media.
