Raymond James Financial, Inc. reported a drop in earnings for the second quarter. Earnings totaled $435 million, or $2.12 per share, compared to $491 million, or $2.31 per share, last year. Excluding items, adjusted earnings were $449 million or $2.18 per share. The company’s revenue for the period rose 5.3% to $3.398 billion from $3.228 billion last year. Earnings at a glance (GAAP): Earnings of $435 million vs. $491 million last year, EPS of $2.12 vs. $2.31 last year, and revenue of $3.398 billion vs. $3.228 billion last year.

Read more at Nasdaq: Raymond James Financial, Inc. Profit Retreats In Q2