Raymond James' Soaring Compensation and Record Revenue

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.