Press Release

Release No. 0506-01
May 19, 2006

RAYMOND JAMES ANALYSTS
RECEIVE TOP HONORS IN
FORBES/STARMINE ANALYST AWARDS

ST. PETERSBURG, Fla. – Ten Raymond James Equity Research analysts received top honors in the 5th annual Forbes/StarMine Analyst Awards. Tabulated by StarMine, the survey highlights the year’s best performances based on the return of stock recommendations and accuracy of earnings estimates for calendar year 2005.

Raymond James finished with 10 analysts receiving awards in 10 categories – ranking the firm eighth among all firms in the industry, tied with Merrill Lynch and Bank of America and ahead of other firms such as Credit Suisse First Boston, Deutsche Bank, Prudential and Wachovia Securities.

“We are extremely pleased that the quality of both our research and our research team is recognized at the highest levels in our industry,” said Robert Anastasi, senior managing director of equity research with Raymond James. “Being ranked among the top firms in our business is continuing evidence of our commitment to develop and attract well-regarded industry leaders and analysts to our Equity Research Team.”

Most notably among the award winners were Wireless Telecom Services Analysts Ric Prentiss and Mark DeRussy, who finished third among all stock pickers across all industries from more than 2,000 research analysts reviewed for these awards as well as first in Wireless Telecom Services. Other winners for stock selection include:

• Bill Fisher and Buck Horne who ranked first in Air Freight/Logistics.
• Joe Hovorka who ranked first Leisure Equipment & Products.
• Marshall Adkins who ranked second Energy Equipment/Services.
• Mike Vinciquerra who ranked second in Capital Markets.
• Dan Wewer who ranked second in Specialty Retail.

Award winners for estimate accuracy include:

• Rick Murray and Paul Puryear who ranked first in Household Durables.
• Jim Parker who ranked second in Airlines.
• Shawn Severson who ranked second in Electronic Equipment.
• Greg Peters who ranked third in Insurance.

About the Raymond James Equity Research Department

The Equity Research Department covers more than 600 companies in eight industry sectors which include consumer, energy, financial services, healthcare, business and industrial services, real estate, technology and telecommunications. The department’s stock picking

performance is award winning and has been highlighted by The Wall Street Journal’s “Best on the Street Analyst Survey” and Kiplinger’s “Best of the Best” study.

The Wall Street Journal does not endorse, sponsor or approve the investment programs of Raymond James. Past performance is not indicative of future results.

About Raymond James & Associates

Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, which has built a national reputation during the past 43 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company. Through its three broker/dealer subsidiaries, Raymond James Financial has more than 4,800 financial advisors serving 1.4 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $167 billion, of which approximately $31 billion are managed by the firm’s asset management subsidiaries.

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For more information, please contact Tammy Eitel at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.