By Thomas Bailey Jr. The falling stock market put a dent in the most recent quarterly report of Raymond James Financial, which runs one of its three large operations hubs in Memphis. Net revenues during the last three months of grew 2 percent over the same period inbut fell 5 percent compared to the preceding quarter, the company reported.

The company blames a drop in the assets held in its fee-based accounts, "which was due to the equity market decline in the preceding quarter, as well as an extremely challenging environment for equity investment banking in November and December,'' states a Raymond James' release on the quarterly report.

In addition to the "headwinds'' affecting revenues, the drop in net income largely resulted from expenses related to growth and increased reserves for legal and regulatory matters in the Private Client Group segment, the company release states.

bollinger band breakout system by master trader nick radge James employs more than people in Memphis, where it operates its fixed income and forex cityterminalen stockholm finance division.

The Florida company acquired Memphis-based Morgan Keegan in Thomas Bailey is commercial appeal stock market game Business reporter for The Commercial Appeal. Real estate, development, planning and architecture are among the topics he writes about.

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