Moody’s reviews Raymond James

Moody's Investors Service said it placed Raymond James Financial, Inc.'s Baa2 long-term issuer and senior unsecured ratings on review for upgrade.

The outlook was changed to rating under review from positive.

Moody's said the review for upgrade is driven by Raymond James' strong historic performance and superior earnings stability, which is underpinned by a diversified business model. The firm has been successful in integrating a number of acquisitions which contributed to its financial performance, while taking advantage of secular trends and growing its franchise organically, the agency added.

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