Raymond James Says About 95% Of All Raymond James Bank Deposits Are FDIC Insured; 88% Of Total Deposits For Both Raymond James Bank And Tristate Capital Bank Are FDIC Insured
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Raymond James Bank reports that 95% of its deposits are FDIC insured, while 88% of total deposits for both Raymond James Bank and Tristate Capital Bank are FDIC insured.
May 25, 2023 | 12:37 pm
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Raymond James Financial (RJF) sees 95% of its bank deposits FDIC insured, with 88% of total deposits for both Raymond James Bank and Tristate Capital Bank insured.
The news indicates that a significant portion of Raymond James Bank's deposits are FDIC insured, which is a positive sign for the bank's stability and security. However, this information is not expected to have a significant short-term impact on RJF's stock price, as it is a standard regulatory requirement for banks.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100