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Raymond James Financial Inc . (NYSE: NYSE:RJF) has appointed Katherine H. Larson as its new Chief Accounting Officer, effective October 1, 2024, according to a recent SEC filing. Larson, who joined Raymond James in 2016, has held various roles in the Financial Reporting group, including overseeing financial reporting for the company's private client group and capital markets units, and responsibilities for SEC reporting and accounting policy. She became Controller in 2023.
Before joining Raymond James, Larson was a Vice President in Finance at Goldman Sachs and started her career at Ernst & Young. She holds bachelor’s and master’s degrees in accounting from the University of Alabama and is a Certified Public Accountant.
Raymond James clarified that Larson has no familial ties with any directors or executive officers, but her spouse, Nathan Larson, works as a Vice President in the Compliance Department. His compensation, totaling around $408,550 over the past 23 months, is consistent with company standards.
This leadership change is part of Raymond James’ efforts to enhance its executive team. The firm's shares are traded on the New York Stock Exchange.
In other news, Raymond James reported a record $3.23 billion in net revenues for fiscal Q3 2024, an 11% increase year-over-year, and net income of $491 million.
Goldman Sachs maintained a neutral rating on the stock, while Citi reduced its price target to $125 from $132, and JPMorgan adjusted its target to $135 from $137, maintaining an Overweight rating. The firm was also part of a $470 million settlement with U.S. regulators over recordkeeping violations.
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