Raymond James Financial 8-K Report: Key Corporate Developments on Dec 18, 2024
Here's the key information extracted from the provided section of the financial report:
- Entity Information:
- Company Name: Raymond James Financial, Inc.
- CIK Code: 0000720005
- Address: 880 Carillon Parkway, St. Petersburg, FL 33716
- Phone Number: 727-567-1000
- Filing Details:
- Form Type: 8-K
- Filing Date: December 18, 2024
- SEC File Number: 1-9109
- IRS Employer Identification Number: 59-1517485
- Stock Information:
- Common Stock: Par value of $0.01, listed on NYSE under the symbol RJF.
- Depositary Shares: Each share represents a 1/40th interest in a share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, listed on NYSE under the symbol RJF PrB.
- Reporting Period:
- Report Period Start Date: December 18, 2024
- Report Period End Date: December 18, 2024
- Stock Classifications:
- Common Stock
- Series B Non-Cumulative Perpetual Preferred Stock (Depositary Shares)
Insights:
- The filing is a report on significant corporate events or changes, as indicated by the 8-K form type.
- The company is actively managing multiple classes of stock, which might be relevant for investors looking at income generation through the preferred shares.
- The presence of fixed-to-floating rate preferred shares suggests a potential strategy to manage interest rate risk, which may be relevant in current economic conditions.
- This report could indicate a significant corporate action, such as a new issuance or changes in terms related to the preferred stock, which may affect shareholder value and company financing strategies.