This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Raymond James Financial (RJF)
Q1 2012 Earnings Call
January 26, 2012 8:15 am ET
Jeffrey Paul Julien - Chief Financial Officer, Executive Vice President of Finance, Treasurer and Chairman of Raymond James Bank
Jennifer C. Ackart - Chief Accounting Officer, Senior Vice President and Controller
Paul C. Reilly - Chief Executive Officer and Director
Steven M. Raney - Chief Executive Officer of Raymond James Bank and President of Raymond James Bank
Devin Ryan - Sandler O'Neill + Partners, L.P., Research Division
Joel Jeffrey - Keefe, Bruyette, & Woods, Inc., Research Division
Hugh M. Miller - Sidoti & Company, LLC
Daniel F. Harris - Goldman Sachs Group Inc., Research Division
Good morning. My name is Brooke, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Raymond James Quarterly Analyst Conference Call. [Operator Instructions]
To the extent that Raymond James makes forward-looking statements regarding management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings and other similar matters, a variety of factors, many of which are beyond Raymond James' control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James' 2011 annual report on Form 10-K, which is available on raymondjames.com and sec.gov.
In addition to those factors, in connection with the Morgan Keegan transaction, the following factors, among others, could cause actual results to differ materially from forward-looking or historical performance. The possibility that regulatory and other approvals and conditions to the transaction are not received or satisfied on a timely basis or at all. The possibility that modifications to the terms of the transaction may be required to obtain or satisfy such approvals or conditions; changes in the anticipated timing for closings -- closing the transaction; difficulty integrating Raymond James and Morgan Keegan's businesses or realizing the projected benefits of the transaction; the inability to sustain revenue in earnings growth; the changes in capital markets; and diversion of management time on transaction related issues.