Raymond James Financial is poised to make more money after the company announced an $8.5 billion acquisition of its financial services business.
Financials has been the subject of a lot of speculation since it was acquired by RaymondJames Financial in late December.
Investors were concerned about the potential impact of the deal on its balance sheet and its business strategy, with investors speculating that Raymond would take on significant debt.
The financials deal was announced Thursday.
The company says it is committed to its shareholders, which includes its existing stockholders.
Financials said it will continue to invest in its financial operations to maximize its future profitability.