Raymond James Financial, Inc. (NYSE:RJF) has a new price target of $194, suggesting a potential increase of 17.59%.The competitive credit market could impact Raymond James' loan quality and pricing strategies.RJF's stock experienced significant volatility over the past year, with a high of $177.66 and a low of $117.57.Raymond James Financial, Inc. (NYSE:RJF) is a diversified financial services company offering investment banking, asset management, and financial planning services. It competes with financial ...

Company Performance - Raymond James reported its fifth consecutive record year of revenues and earnings, indicating strong operational performance [3][4] - The company has seen a significant stock increase of approximately 128% over the past five years, reflecting investor confidence [2] Loan Quality and Market Conditions - The non-performing loans to total loans ratio at Raymond James is around 0.5%, which is historically low, suggesting strong loan quality [5] - Credit spreads in both high yield and investment grade categories remain near record lows, indicating a stable credit environment [6] Securities-Based Loans - The company is experiencing strong growth in the securities-based loans category, with expectations for increased demand as interest rates are projected to decline [1] - The issues faced by other banks, such as Silicon Valley Bank, were primarily liquidity and funding issues rather than credit issues, differentiating Raymond James' position [7][8] AI Investment and Strategy - Raymond James is significantly investing in AI, having appointed a chief AI officer and focusing on enhancing technology infrastructure for better client service [10][11] - The integration of AI is expected to drive productivity gains and earnings growth, benefiting both the company and its clients [12][13]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Raymond James Financial said it reached a record 8,943 financial advisors as of the end of fiscal year 2025, up 2% from the prior year. The firm reported record trailing-12 production of $407 million for recruited advisors during the fiscal year, up 21% from the prior year.  During an earnings call on Wednesday, Raymond James CEO Paul Shoukry said the recruited advisors represented about $5 ...

Key Takeaways Raymond James' Q4 adjusted EPS of $3.11 topped estimates and rose 5% y/y.Quarterly revenues hit a record $3.73B, up 8% from last year, led by asset management gains.Client assets under administration reached $1.73T, with assets under management up 12% y/y.Raymond James’ (RJF) fourth-quarter fiscal 2025 (ended Sept. 30) adjusted earnings of $3.11 per share beat the Zacks Consensus Estimate of $2.70. The bottom line also increased 5% from the prior-year quarter.The reported quarter’s results ben ...

Core Insights - Raymond James Financial, Inc. reported $3.73 billion in revenue for the quarter ended September 2025, marking a year-over-year increase of 7.7% and an EPS of $3.11 compared to $2.95 a year ago, exceeding the Zacks Consensus Estimate of $3.6 billion by 3.52% [1] - The company delivered an EPS surprise of 15.19%, with the consensus EPS estimate being $2.70 [1] Financial Performance Metrics - Private Client Group Asset Under Management reached $1.67 billion, surpassing the three-analyst average estimate of $1.63 billion [4] - Tier 1 Leverage Ratio was reported at 13.1%, slightly above the 13% average estimate [4] - Private Client Group assets in Fee-based Accounts totaled $1.01 billion, exceeding the estimated $987.34 million [4] - Total Capital Ratio was 24.1%, compared to the 24.5% estimated by two analysts [4] - Other Revenues were reported at $80 million, significantly higher than the estimated $50.89 million, reflecting a 33.3% year-over-year increase [4] - Total brokerage revenues amounted to $606 million, exceeding the four-analyst average estimate of $581.56 million, with a year-over-year change of 8% [4] - Account and service fees generated $297 million, below the average estimate of $312.22 million, representing a year-over-year decline of 10.5% [4] - Investment banking revenues were $316 million, compared to the average estimate of $257.71 million, showing a slight year-over-year increase of 0.3% [4] - Interest income was reported at $1.01 billion, slightly above the estimated $991.48 million, but reflecting a year-over-year decrease of 5.5% [4] - Asset management and related administrative fees totaled $1.88 billion, exceeding the average estimate of $1.85 billion, with a year-over-year increase of 12.9% [4] - Private Client Group- Asset Management and Related Administrative Fees reached $1.59 billion, close to the three-analyst average estimate of $1.6 billion, with a year-over-year change of 12.6% [4] - Private Client Group- Total Brokerage Revenues were $465 million, surpassing the three-analyst average estimate of $445.36 million, reflecting a year-over-year increase of 7.4% [4] Stock Performance - Shares of Raymond James Financial have returned -5.7% over the past month, while the Zacks S&P 500 composite has changed by +1.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $3.11 per share, beating the Zacks Consensus Estimate of $2.7 per share. This compares to earnings of $2.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +15.19%. A quarter ago, it was expected that this company would post earnings of $2.37 per share when it actually produced earnings of $2.18, delivering a surprise of -8.02%.Over the last four quarters, ...

Raymond James Financial (NYSE:RJF) Q4 2025 Earnings Call October 22, 2025 05:00 PM ET Company ParticipantsPaul Shoukry - CEOKristie Waugh - SVP of Investor RelationsButch Oorlog - CFODevin Ryan - Head of Financial Technology ResearchCraig Siegenthaler - Managing DirectorMichael Cyprys - Managing DirectorConference Call ParticipantsBill Katz - Senior Equity AnalystBrennan Hawken - Senior Equity Research AnalystNone - AnalystDan Fannon - Research AnalystMichael Choe - Investment Banking Credit AnalystKristie ...

Financial Data and Key Metrics Changes - The company reported quarterly net revenues of $3.7 billion, an increase of 8% year-over-year and 10% sequentially [6][18] - For fiscal 2025, record net revenues reached $14.1 billion, representing a 10% growth, while record pre-tax income was $2.71 billion, up 3% from fiscal 2024 [7][15] - Quarterly pre-tax income was $731 million, a decline of 4% compared to the previous year but an increase of 30% from the preceding quarter [6][15] Business Line Data and Key Metrics Changes - The Private Client Group achieved record quarterly net revenues of $2.66 billion, with pre-tax income of $416 million, driven by higher assets under administration [16][17] - The Capital Markets segment generated net revenues of $513 million, a 6% year-over-year increase, and pre-tax income of $90 million, with a robust 35% sequential growth [17][18] - The Asset Management segment reported record pre-tax income of $132 million on net revenues of $314 million, attributed to higher financial assets under management and strong net inflows [17][18] - The Bank segment's net revenues were $459 million, with pre-tax income of $133 million, reflecting continued loan growth [18][19] Market Data and Key Metrics Changes - The company ended the quarter with record client assets under administration of $1.6 trillion, an 11% year-over-year growth [8] - Domestic net new assets were nearly $18 billion for the quarter, representing a 5% annualized growth rate [9] - The bank segment's loans reached a record $51.6 billion, primarily due to a 22% annual growth in securities-based lending balances [12][25] Company Strategy and Development Direction - The company is focused on organic growth complemented by strategic acquisitions, maintaining a disciplined approach to capital deployment [13][14] - Investments in technology, including a $1 billion commitment to enhance advisor efficiency and client experience, are a priority [4][10] - The acquisition of Greensledge, a boutique investment bank, is expected to enhance the company's capabilities in structured credit and securitizations [11][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's competitive positioning and long-term growth strategy, emphasizing a stable platform for advisors [30][31] - The company anticipates continued strong demand for securities-based loans in a lower interest rate environment [44][68] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support growth initiatives [27][28] Other Important Information - The company returned over $1.5 billion to shareholders through dividends and share repurchases in fiscal 2025 [15][29] - The effective tax rate for the quarter was 17.4%, with an estimated rate of 24% to 25% for fiscal 2026 [28] Q&A Session Summary Question: Can you elaborate on the recruiting success across segments? - Management noted broad-based recruiting success across all affiliation options, with a strong pipeline entering fiscal 2026 [33][35] Question: What are the goals for AI initiatives? - The company aims to enhance infrastructure resilience, improve service efficiency, and provide tailored advice through AI investments [36][38] Question: What is the outlook for loan growth in a lower interest rate environment? - Management expects securities-based loans to continue being the highest growth category, with potential acceleration as rates decrease [44][68] Question: How will the company fund growth? - The company plans to utilize third-party deposits and manage its securities portfolio to support growth [58][60] Question: What are the criteria for future acquisitions? - The company emphasizes cultural fit, strategic alignment, and financial sensibility as key criteria for acquisitions [79][80]

Financial Data and Key Metrics Changes - The company reported record net revenues of $3.7 billion for Q4 2025, an increase of 8% year-over-year and 10% sequentially [8][20] - For fiscal year 2025, record net revenues reached $14.1 billion, representing a 10% growth, while record pre-tax income was $2.71 billion, up 3% from fiscal year 2024 [9][10] - Quarterly pre-tax income was $731 million, a decline of 4% year-over-year but an increase of 30% from the previous quarter [9][20] Business Line Data and Key Metrics Changes - The Private Client Group generated record quarterly net revenues of $2.66 billion, with pre-tax income of $416 million, driven by higher assets under administration [17][18] - The Capital Markets segment achieved quarterly net revenues of $513 million, with a pre-tax income of $90 million, reflecting a 6% year-over-year growth [19] - The Asset Management segment reported record pre-tax income of $132 million on net revenues of $314 million, attributed to higher financial assets under management and strong net inflows [19] - The Bank segment generated net revenues of $459 million and pre-tax income of $133 million, with a strong loan growth primarily in securities-based lending [15][19] Market Data and Key Metrics Changes - The company ended the quarter with record client assets of $1.73 trillion and a record number of financial advisors at 8,943 [5][10] - Domestic net new assets were nearly $18 billion for the quarter, representing a 5% annualized growth rate [11] - The company reported a 22% annual growth in securities-based lending balances, reflecting strong demand [15][27] Company Strategy and Development Direction - The company is focused on long-term growth, emphasizing a stable platform for advisors and clients, differentiating itself from competitors who prioritize short-term gains [32][33] - Significant investments of approximately $1 billion in technology, including AI initiatives, are aimed at enhancing advisor efficiency and client experience [6][12] - The company plans to continue pursuing both organic and inorganic growth opportunities, including strategic acquisitions [16][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's competitive positioning and growth momentum entering fiscal year 2026, despite a competitive environment [32][63] - The investment banking pipeline remains strong, with expectations for continued growth in various segments [14][19] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support growth initiatives [30][31] Other Important Information - The company returned over $1.5 billion in capital through common dividends and share repurchases during fiscal year 2025 [17][31] - The effective tax rate for the quarter was 17.4%, with an estimated rate of 24% to 25% for fiscal year 2026 [30] Q&A Session Summary Question: Can you elaborate on the recent recruiting success and which segments are seeing more uplift? - Management noted broad-based recruiting success across all affiliation options, with a record production of over $400 million from recruited advisors, up 21% year-over-year [36][37] Question: What are the goals for the AI initiatives and how will they impact future technology spending? - The company aims to enhance infrastructure, increase service efficiency, and provide tailored advice through AI, with significant budget increases planned for AI initiatives [39][41] Question: What are the expectations for loan growth in a lower interest rate environment? - Management expects securities-based loans to continue being the highest growth category, with potential acceleration as rates decrease [48][50] Question: How has M&A activity impacted the recruiting pipeline? - M&A activity creates opportunities for advisors to seek new homes, benefiting the company's recruiting efforts [88][89] Question: What are the criteria for future acquisitions? - The company looks for cultural fit, strategic alignment, and favorable financial terms in potential acquisitions [100][101]

Fourth Quarter and Fiscal 2025 Results October 22, 2025 Forward-looking statements Certain statements made in this presentation and the associated conference call may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market c ...