Raymond James Financial (NYSE:RJF) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Raymond James Financial (NYSE:RJF) issued its quarterly earnings results on Wednesday. The financial services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.33, FiscalAI reports. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company posted $3.11 EPS. Raymond James Financial’s revenue was up 14.5% on a year-over-year basis.

Here are the key takeaways from Raymond James Financial’s conference call:

• Record fourth-quarter and fiscal-year results: Net revenue reached $4.27 billion and adjusted EPS was $3.59, while adjusted pre-tax margin came in at 21.3%, above the approximately 20% target.
• Private Client Group momentum remained strong, with client assets under administration up 12% year over year to $1.87 trillion and domestic net new assets rising 88% to more than $98 billion. Record advisor recruiting and strong retention support the company’s growth outlook.
• Capital Markets benefited from stronger M&A and advisory activity, producing record fiscal-year investment banking revenue above $1.1 billion. Management said the pipeline remains strong and that sponsor activity is re-engaging, although quarterly results may remain volatile.
• Bank loans reached a record $57.5 billion, led by 32% year-over-year growth in securities-based lending, while credit quality remained strong. Excess capital capacity and the planned resumption of approximately $400 million in quarterly share repurchases provide support for shareholder returns.
• Management expects fiscal 2027 non-compensation expenses to rise approximately 8% to $2.5 billion, with recruiting and technology investments continuing to pressure near-term margins. Higher-cost deposits also weighed on net interest margin, although management expects aggregate net interest income and third-party bank fees to increase about 1% sequentially next quarter.

Raymond James Financial Stock Performance

Shares of RJF opened at $157.34 on Thursday. The business’s fifty day simple moving average is $165.24 and its two-hundred day simple moving average is $160.38. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43. Raymond James Financial has a 12 month low of $138.82 and a 12 month high of $182.73. The company has a market cap of $30.27 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.81 and a beta of 0.94.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.16 annualized dividend and a yield of 1.4%. Raymond James Financial’s dividend payout ratio is 18.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RJF. Citigroup reaffirmed a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on Raymond James Financial from $179.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Barclays reaffirmed an “overweight” rating and set a $197.00 price objective (up from $196.00) on shares of Raymond James Financial in a research report on Wednesday, October 7th. TD Cowen dropped their target price on Raymond James Financial from $161.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, September 1st. Finally, UBS Group set a $179.00 target price on Raymond James Financial and gave the stock a “neutral” rating in a report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $178.67.

More Raymond James Financial News

Here are the key news stories impacting Raymond James Financial this week:

• Positive Sentiment: Fourth-quarter results exceeded expectations. Adjusted EPS was $3.59 versus the $3.26 consensus estimate, while revenue reached $4.27 billion, above the $4.20 billion forecast. Revenue increased 14.5% year over year, and adjusted earnings rose 15%. Raymond James Financial beats estimates on record revenue
• Positive Sentiment: Fiscal 2026 produced record results and strong asset growth. Annual net revenue rose 12% to $15.79 billion, while net income available to common shareholders reached $2.37 billion and diluted EPS increased 16% to $11.91. Client assets under administration reached a record $1.94 trillion, and fee-based Private Client Group assets rose 15% to $1.16 trillion. Raymond James Financial Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Growth was broad-based. Asset Management revenue climbed 30%, investment banking revenue increased 17%, and bank loans rose 11%. Raymond James also returned approximately $1.7 billion to shareholders through dividends and repurchases, including $1.25 billion of stock buybacks during the year. Raymond James Financial earnings results
• Neutral Sentiment: Fiscal 2027 expectations remain constructive but cautious. Management cited a strong investment-banking pipeline and expects first-quarter asset-management fees to increase approximately 1%. It also outlined a roughly $2.5 billion fiscal 2027 non-compensation expense target amid continued recruiting and growth investments. Raymond James fiscal 2027 expense target and outlook
• Negative Sentiment: Investors may be concerned about cost and margin pressure. Higher advisor commissions and recruiting-related expenses partly offset strong revenue growth. The bank’s net interest margin declined 11 basis points year over year and sequentially, while management warned of geopolitical and macroeconomic uncertainty. Raymond James Q4 2026 earnings call transcript

Insider Activity at Raymond James Financial

In other news, insider Bella Allaire sold 7,500 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $177.60, for a total value of $1,332,000.00. Following the completion of the transaction, the insider owned 46,086 shares in the company, valued at $8,184,873.60. The trade was a 14.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.58% of the company’s stock.

Raymond James Financial Company Profile

Raymond James Financial, Inc is a diversified financial services company serving individuals, corporations, municipalities and institutions. Through its subsidiaries and affiliated advisors, the company provides wealth management, investment advisory, financial planning, securities brokerage, banking and capital markets services.

The company’s Private Client Group offers investment management, retirement planning, estate planning and other financial planning services through a network of financial advisors.