Raymond James Financial 8-K Report: Insights on Preferred Stock Issuance

Here are the key pieces of information extracted from the provided financial report section:

1. Company Information:

• Name: Raymond James Financial, Inc.
• CIK Number: 0000720005
• Address: 880 Carillon Parkway, St. Petersburg, FL 33716
• Phone Number: 727-567-1000

2. Filing Information:

• Filing Type: 8-K
• Date of Filing: February 20, 2025
• SEC File Number: 1-9109
• EIN: 59-1517485

3. Stock Information:

• Common Stock: $0.01 par value
• Ticker Symbol: RJF (listed on NYSE)
• Depositary Shares: Each representing a 1/40th interest in a share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
• Preferred Stock Ticker Symbol: RJF PrB (listed on NYSE)

4. Reporting Context:

• The report indicates specific periods for the data presented, all dated February 20, 2025.
• The report includes segments for Common Stock and Depositary Shares Series B under US GAAP classifications.

5. Key Insights:

• The issuance of preferred stock can indicate the company’s strategy for capital raising, providing a fixed rate for investors which may attract income-focused investors.
• The presence of a non-cumulative feature in the preferred shares suggests a lower obligation to pay dividends during difficult financial times, which can benefit the company’s liquidity.

This summary encapsulates the essential details and insights from the financial report section provided.