Raymond James CEO on Earnings, Acquisitions and Hiring

The video discusses the company's financial strategy, emphasizing flexibility and a strong balance sheet. It covers current market conditions, highlighting challenges and opportunities in equity markets and interest rates. The company has made strategic acquisitions and continues to deploy capital effectively. Hiring remains a focus, with challenges in the labor market. The company values cultural fit in acquisitions and is prepared for future opportunities.

What has been the company's approach to handling uncertain markets?

• Reducing capital expenditures

• Maintaining a flexible balance sheet

• Increasing headcount significantly

• Focusing solely on equity markets

How has the company managed to perform well despite rising interest rates?

• By focusing on short-term gains

• By maintaining a diversified business

• By cutting down on acquisitions

• By reducing cash reserves

What is the company's stance on long-term interest rates?

• They have locked in long-term rates

• They have avoided locking in long-term rates

• They have increased long-term rates

• They have decreased long-term rates

What is one of the key strategies the company uses to manage its workforce?

• Offering only remote work options

• Hiring exclusively from local talent

• Balancing flexible work environments with in-office presence

• Reducing headcount to save costs

What challenge does the company face in the current labor market?

• Difficulty in attracting talent due to location

• Lack of skilled workers

• Rising labor costs

• High turnover rates

What is a primary consideration for the company when making acquisitions?

• Immediate financial gain

• Cultural fit

• Technological advancement

• Geographic expansion

How does the company view the potential for future acquisitions during market downturns?

• As a chance to cut costs

• As a time to focus on internal development

• As an opportunity for strategic growth

• As a risk to be avoided