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RJF

RAYMOND JAMES FINANCIAL INC

NYSE · Financial Services · Financial - Capital Markets · US

$167.13
+3.38%
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  • Research · Oct 30, 2026

    Raymond James (RJF) Q4 2026: Investment Banking Up 17%, Margin Near 19%

    Raymond James' fiscal Q4 2026 investment banking revenue rose 17% to $370 million and Capital Markets pre-tax margin hit about 19%, while fees and interest revenue are guided up only about 1%.

  • Research · Oct 27, 2026

    [RJF] Raymond James: Fiscal Q4 2026 Earnings Test Fee Growth Against Profit

    Raymond James posted record fiscal Q3 net revenues of $3.93 billion as fee-based assets hit $1.15 trillion; fiscal Q4 earnings test whether ~11% fee growth reaches PCG profit.

  • Research · Sep 3, 2026

    [RJF] Raymond James Financial Thesis 2026: Wealth Management Scale Drives Recurring Fee Compounding

    Raymond James Financial Inc. FY2025 revenue ~$13-13.5B (+5-8%) with adj. EPS ~$10.50-11.00 reflecting continued wealth management AUM growth from market appreciation + selected advisor recruiting + selected investment banking recovery + selected operational excellence under continued CEO Paul Reilly. Large US wealth management + investment banking + asset management firm focused on independent advisor channel + Private Client Group; headquartered in St. Petersburg, Florida; founded 1962 by Robert James Sr. ~$1.5T+ client assets under administration across ~8,800+ financial advisors (~5,400 employee + ~3,400 independent contractor — industry-leading independent channel) + ~$240B asset management AUM. CEO Paul Reilly since May 2010 (succeeded Tom James long-tenured CEO + son of founder Bob James; Reilly ex-Korn/Ferry CEO 2001-2010 + ex-KPMG Consulting CFO + selected professional services background; ~16-year tenure). Reilly's tenure has executed 2010-2025 wealth management scale build + selected advisor recruiting + Morgan Keegan $930M acquisition April 2012 (Regions Financial, Southeast wealth management addition) + selected Deutsche Bank Securities US Private Client + Alex. Brown 2016 + selected NWPS 2019 + TriState Capital Holdings $1.1B acquisition June 2022 (selected commercial bank + SBL platform) + selected continued operational excellence. Capital return: dividend $1.92-2.00/share annual + buybacks $0.4-0.8B; investment-grade A3/A- credit rating. Fiscal year ends September. FY2026 thesis: wealth management scale + advisor channel growth + investment banking recovery + capital return. Risks: market correction, interest rate cycle, regulatory environment.