Raymond James Financial, Inc. (NYSE:RJF) Q1 2024 Earnings Call Transcript

Paul Reilly: Great. I just want to thank you all for attending. I think we are in great shape with certainly, good tailwinds with that asset number being up 9%. The markets may be a surprise us all continue to be robust. But if they continue, we are in great shape there. And the cash dynamic will sort itself at some time. If the Board curves right at all, even if it’s delayed, that will ultimately be a tailwind when that happens. But right now, we just — as you know, we are conservative, so we always look at it as [indiscernible] Paul, about this 5% decline in the last few quarters. We haven’t quite hit that yet. You get it again, but we don’t know. So we try to be conservative and if rates do moderate or come in, we’ll get some tailwinds there for the industry. So thanks for joining, and we’ll talk to you again.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.