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June 17, 2011

Raymond James wins multiple prestigious Starmine Awards

ST. PETERSBURG, Fla. – Raymond James’ Equity Research department placed sixth among 193 qualifying brokerage firms with nine analysts recognized for stock selection or estimation accuracy in The Financial Times 2011 StarMine Analyst Awards. Five of the nine selected analysts were chosen for their stock selection performance, placing the firm second in that category.  

The recognized analysts and their categories are:

Stock Selection

  • Budd Bugatch, Commercial Services & Supplies and Specialty Retail
  • Alexander Draper, Health Care Technology
  • Buck Horne, Real Estate Investment Trusts
  • Joe Hovorka, Hotels & Leisure
  • Anthony Polini, Commercial Banks and Thrifts & Mortgage Finance

Estimate Accuracy

  • Budd Bugatch, Specialty Retail
  • Todd Koffman, Communications Equipment
  • Pavel Molchanov, Electrical Equipment
  • Jim Parker, Airlines
  • Dan Wewer, Multiline Retail

The StarMine Awards measure the performance of brokers over sets of stocks in two ways: by the returns of their buy/sell recommendations and the accuracy of their earnings estimates. After computing scores on each stock a firm covers, StarMine aggregates the scores on each stock to arrive at an overall score for the broker in each category.

About Raymond James Financial, Inc.

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 5,300 financial advisors serving 1.9 million accounts in 2,400 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $282 billion, of which approximately $37 billion are managed by the firm’s asset management subsidiaries.

To the extent that Raymond James makes or publishes 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’ 2010 annual report on Form 10-K and the quarterly report on Form 10-Q for the quarters ended December 31, 2010 and March 31, 2011, which are available on RAYMONDJAMES.COM and SEC.GOV.