Raymond James Financial (NYSE:RJF – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23, FiscalAI reports. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis.
Here are the key takeaways from Raymond James Financial’s conference call:
- Raymond James posted record third-quarter results, with net revenues of $3.93 billion, pre-tax income of $750 million, and diluted EPS of $3.01. Management highlighted strong year-to-date momentum, including record revenues and earnings over the first nine months of fiscal 2026.
- The Private Client Group remained a major growth driver, ending the quarter with a record $1.86 trillion in assets under administration and $21.7 billion of domestic net new assets. Advisor recruiting remained strong, with management saying the pipeline is broad-based and on pace to exceed FY2025 record results.
- Management said the enterprise rollout of its proprietary AI assistant Rai has received very strong early adoption, with 6,500 unique users and a 99.5% satisfaction rate. The firm is also pushing AI education through an internal academy and sees long-term productivity benefits.
- Capital Markets improved versus prior periods, mainly on stronger investment banking activity, but executives said transaction levels are still below normalized conditions. They pointed to an encouraging pipeline, though timing remains uncertain and sector-specific issues continue to delay deal flow.
- The bank segment delivered record loans of $56.2 billion, supported by continued securities-based lending growth, while credit quality remained strong. Raymond James also returned capital aggressively, repurchasing $400 million of stock in the quarter and maintaining a Tier 1 leverage ratio of 11.7%.
Raymond James Financial Trading Up 0.3%
Shares of RJF stock opened at $168.35 on Thursday. The company’s fifty day simple moving average is $156.48 and its two-hundred day simple moving average is $156.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05. Raymond James Financial has a 1 year low of $138.82 and a 1 year high of $177.66. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.07 and a beta of 0.93.
Raymond James Financial Dividend Announcement
Trending Headlines about Raymond James Financial
Here are the key news stories impacting Raymond James Financial this week:
- Positive Sentiment: RJF reported record quarterly net revenues of $3.93 billion, up 16% year over year, with record adjusted EPS of $3.14, signaling stronger-than-expected operating performance. Raymond James Financial Reports Fiscal Third Quarter of 2026 Results
- Positive Sentiment: Growth was broad-based, led by stronger capital markets results, rising investment banking revenue, and continued momentum in Private Client Group assets and net new money, which supports future fee income. Raymond James profit rises on capital markets strength
- Positive Sentiment: The firm also highlighted record client assets under administration of $1.92 trillion and record fee-based assets, which should help reinforce recurring revenue and investor confidence. Raymond James Financial, Inc. 2026 Q3 – Results – Earnings Call Presentation
- Neutral Sentiment: Management noted strong capital levels and continued stock buybacks, including $400 million repurchased during the quarter, which is supportive but not a new catalyst on its own.
- Neutral Sentiment: Some margin pressure remains in the bank segment, as net interest margin declined slightly versus prior periods, partially offsetting otherwise strong results.
Hedge Funds Weigh In On Raymond James Financial
Several hedge funds have recently made changes to their positions in RJF. Empowered Funds LLC raised its stake in shares of Raymond James Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 314 shares during the period. Woodline Partners LP boosted its stake in Raymond James Financial by 41.8% in the 1st quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 4,592 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Raymond James Financial by 137.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 685 shares during the period. Brown Advisory Inc. grew its holdings in Raymond James Financial by 15.1% during the 2nd quarter. Brown Advisory Inc. now owns 2,268 shares of the financial services provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Raymond James Financial during the second quarter valued at about $363,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
RJF has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. Morgan Stanley raised their target price on Raymond James Financial from $172.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Citizens Jmp boosted their target price on Raymond James Financial from $190.00 to $200.00 and gave the company a “market outperform” rating in a research note on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday. Finally, Barclays lifted their price objective on Raymond James Financial from $182.00 to $192.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Raymond James Financial currently has an average rating of “Hold” and an average target price of $176.64.
Get Our Latest Report on Raymond James Financial
Raymond James Financial Company Profile
Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.
The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.
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