Shares of Raymond James Are Rising Today, While S&P Global and Globe Life Are Falling

Several financial companies released earnings reports yesterday and this morning, sending stocks both higher and lower. Shares of the investment bank Raymond James (NYSE: RJF) traded 6.6% higher as of midafternoon. Shares of the large life and health insurance company Globe Life (NYSE: GL) traded slightly down, while shares of the data and analytics giant S&P Global (NYSE: SPGI) fell 2.3%.Raymond James stock continued its nice run this year after the company reported earnings per share (EPS) of $2.95 on revenue of $3.46 billion, easily topping consensus estimates on both fronts. The company benefited from a strong quarter in investment banking, reporting $315 million of revenue in the unit. Consensus estimates had only been modeling $202 million heading into the quarter, according to Visible Alpha.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool