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Raymond James board authorizes repurchase of up to $750M of common stock

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Raymond James board authorizes repurchase of up to $750M of common stock

Raymond James Financial Inc.'s board authorized repurchase of up to $750 million of the company's common stock.

This authorization replaced the previous repurchase authorization announced March 4, under which about $212 million was remaining as of Aug. 15.

The board's authorization does not have a fixed expiration date. All repurchased common shares will be held as treasury shares.