Raymond James jumps after record quarterly earnings
** Shares of brokerage and investment banking firm Raymond James RJF.N jump as much as 8.2%, last up 7.3% at $147.32
** RJF on Wednesday reported record Q4 profit of $2.95/shr, beating Wall Street expectations of $2.41/shr - LSEG data
** Q4 net revenue jumped 13% to record $3.46 bln, driven by higher asset management and administrative fees as well as investment banking revenue
** Investment banking revenue shot up 58% to $306 mln, driven by robust M&A and advisory revenue
** M&A pipeline remains healthy - CEO Paul Reilly
** Q4 private client group revenue rose 9% to record $2.48 bln, thanks to higher asset management and administrative fees and brokerage revenue
** Private client group assets under administration jumped 25% to record $1.51 trillion
** As of last close, RJF shares up 23.2% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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