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      4. Analyst Coverage

        Raymond James Financial, Inc. is covered by the following analysts:

        Autonomous Research
        Christian Bolu
        1325 Avenue of the Americas, Suite 2303
        New York, NY 10019

        The Buckingham Research Group
        James Mitchell
        750 Third Avenue
        New York, NY 10017

        Citi Research
        Citigroup Global Markets Inc.
        William R. Katz
        388 Greenwich Street, 28th Floor
        New York, NY 10013

        Compass Point
        Compass Point Research & Trading, LLC
        Chris Allen
        144 E 44th Street, 7th Floor
        New York, New York 10017

        Credit Suisse
        Craig W. Siegenthaler, CFA
        11 Madison Avenue, 4th Floor
        New York, NY 10014

        Goldman Sachs & Co.
        Alexander Blostein, CFA
        200 West Street, 22nd Floor
        New York, NY 10282

        JMP Securities
        Devin Ryan
        450 Park Avenue, Suite 1500
        New York, NY 10022

        Wells Fargo Securities, LLC
        Christopher Harris
        7 St Paul Street, 1st Floor
        Baltimore, MD 21202

        Wolfe Research
        Steven Chubak
        420 Lexington Ave; Suite 648
        New York, NY 10170


        Raymond James is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Raymond James' performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Raymond James or its management. Raymond James does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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