Raymond James Financial Inc at UBS Financial Services Conference Transcript

Mar 07, 2024

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Feb 27, 2024 / 06:00PM GMT
Brennan Hawken - UBS Investment Bank, Research Division - Executive Director and Equity Research Analyst of Financials

Everyone, thanks for joining. Brennan Hawken, UBS' Capital Market Analysts, pleased today joined by Paul Shoukry, CFO of Raymond James. Paul, thanks so much for joining.

Paul M. Shoukry - Raymond James Financial, Inc. - CFO

Thanks. It's good to see everyone here in sunny Florida.

Questions and Answers:

Brennan Hawken - UBS Investment Bank, Research Division - Executive Director and Equity Research Analyst of Financials

Not too far for you, very short trip yes. So we'd love to start out talking about capital. So you guys have a leverage ratio that's north of 12%, but a target that's 10%, which is also pretty high above your minimum, so already pretty conservative. So given how conservative your target is, why not stay closer to that 10% range? Why is it drifted a little higher?

Paul M. Shoukry - Raymond James Financial, Inc. - CFO

Great. Maybe first,

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