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Raymond James' Soaring Compensation and Record Revenue
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Overview
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Raymond James Financial Inc. CEO Paul Reilly's total compensation surged to $34.9 million in the company's fiscal year, primarily driven by significant increases in stock awards. The company reported record net revenue of $8.65 billion and record pretax income of $1.76 billion, attributed to higher short-term interest rates and net interest income from its bank deposit program. Additionally, the private client group's assets under administration rose by 16% to $1.2 trillion, fueled by strong net inflows and client retention. Raymond James' stock is currently trading at $111.41, down slightly.
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How does Raymond James' financial performance reflect the broader trends in the finance industry?
How might the surge in CEO compensation impact the company's long-term financial strategy?
What factors contributed to the significant increase in stock awards for Raymond James' CEO?
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