Raymond James Financial boosts quarterly profit

Wed Jan 23, 2013 5:13pm EST

Jan 23 (Reuters) - Brokerage and investment bank Raymond James Financial Inc said on Wednesday its quarterly profit rose 27.6 percent from last year, boosted by strong results from the company's brokerage and capital markets divisions.

The St. Petersburg, Florida-based company reported net income of $85.9 million, or 61 cents a share, in its fiscal first quarter ended Dec 31, up from $67.3 million, or 53 cents, in the year-earlier period.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.