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Raymond James sees NIM compression continuing

Jul 25, 2014 - SNL Financial

Raymond James Bank NA President and CEO Steven Raney expects the company to continue seeing net interest margin compression.

Raymond James Bank reported a net interest margin of 2.88% in the quarter ended June 30, down from 2.97% in the previous quarter and 3.20% in the year-ago quarter. Speaking July 24 during the Raymond James Financial Inc. earnings conference call, Raney said NIM could drop to as low as 2.70%.

"I would expect some slight net interest margin compression to continu...