Core Viewpoint - Raymond James (RJF) reported better-than-expected first-quarter fiscal 2025 results, with adjusted earnings of $2.93 per share, exceeding the Zacks Consensus Estimate of $2.75, and a 22% increase from the prior-year quarter [1][2] Financial Performance - Net income available to common shareholders was $599 million or $2.86 per share, up from $497 million or $2.32 per share in the prior-year quarter [3] - Quarterly net revenues reached $3.54 billion, a 17% year-over-year increase, surpassing the Zacks Consensus Estimate of $3.48 billion [4] - Segment-wise performance included a 14% growth in the Private Client Group, a 25% increase in Asset Management, and a 42% jump in Capital Markets, while the Bank segment fell by 4% and Others saw a 54% decline [4] Expense Analysis - Non-interest expenses rose 17% year-over-year to $2.79 billion, primarily due to increased compensation, commissions, benefits costs, and investment sub-advisory fees [5] - No bank loan provision for credit losses was recorded in the reported quarter, compared to $12 million in the prior-year quarter [5] Asset Management - As of December 31, 2024, client assets under administration were $1.56 trillion, a 14% increase from the prior-year quarter, while financial assets under management grew 13% to $243.9 billion [6] Balance Sheet Strength - Total assets were $82.28 billion, down 1% from the prior quarter, while total equity rose 2% to $11.84 billion [7] - Book value per share increased to $57.89 from $51.32 as of December 31, 2023 [7] - The total capital ratio improved to 25% from 23% a year ago, and the Tier 1 capital ratio rose to 23.7% from 21.6% [7] Return on Equity - Return on common equity (annualized) was 20.4%, up from 19.1% a year ago [8] Share Repurchase Program - In the reported quarter, RJF repurchased 0.3 million shares for $50 million and announced a new share repurchase program authorizing $1.5 billion, replacing the previous plan [9] Strategic Outlook - The company's global diversification efforts, strategic acquisitions, and relatively high rates are expected to support top-line growth, although elevated operating expenses and the volatile nature of capital markets present concerns [11]

Core Insights - Raymond James Financial, Inc. (RJF) reported a revenue of $3.54 billion for the quarter ended December 2024, reflecting a 17.4% increase year-over-year and surpassing the Zacks Consensus Estimate of $3.48 billion by 1.76% [1] - The company's earnings per share (EPS) was $2.93, up from $2.40 in the same quarter last year, exceeding the consensus EPS estimate of $2.75 by 6.55% [1] Financial Performance Metrics - Private Client Group Asset Under Management was reported at $1.49 billion, slightly below the estimated $1.54 billion [4] - The Tier 1 Leverage Ratio stood at 13%, exceeding the average estimate of 12.9% [4] - Private Client Group assets in Fee-based Accounts totaled $876.60 million, lower than the average estimate of $898.47 million [4] - Total Capital Ratio was reported at 25%, above the average estimate of 24.2% [4] - Total brokerage revenues reached $559 million, a 7.1% increase year-over-year, but below the estimated $585.12 million [4] - Interest income was $1.03 billion, slightly below the estimated $1.04 billion, representing a year-over-year decline of 2.5% [4] - Other revenues were reported at $39 million, exceeding the average estimate of $37.51 million, with a year-over-year increase of 2.6% [4] - Investment banking revenues surged to $325 million, significantly above the estimated $256.14 million, marking a year-over-year increase of 79.6% [4] - Account and service fees generated $342 million, surpassing the estimated $330.39 million, with a year-over-year increase of 7.2% [4] - Asset management and related administrative fees were reported at $1.74 billion, slightly above the estimated $1.73 billion, reflecting a 23.9% year-over-year increase [4] - Brokerage revenues from Securities Commissions and Fees totaled $440 million, close to the estimated $442.81 million, with a year-over-year increase of 14.9% [4] - Net interest income was reported at $414 million, below the average estimate of $522.26 million, representing a year-over-year decline of 2.8% [4] Stock Performance - Shares of Raymond James Financial have returned +10.4% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Highlights - Net revenues reached a record of $3.537 billion, a 17% increase compared to 1Q24 and a 2% increase compared to 4Q24[4] - Net income available to common shareholders was $599 million, up 21% from 1Q24[4] - Diluted earnings per common share reached a record of $2.86, a 23% increase compared to 1Q24[4] - Adjusted net income available to common shareholders was $614 million, a 19% increase compared to 1Q24 and a 1% decrease compared to 4Q24[4] Key Metrics - Client assets under administration totaled $1,557.5 billion, a 14% increase compared to 1Q24 and a 1% decrease compared to 4Q24[5] - Private Client Group (PCG) assets under administration were $1,491.8 billion, a 14% increase compared to 1Q24 and a 1% decrease compared to 4Q24[5] - PCG assets in fee-based accounts reached a record of $876.6 billion, a 17% increase compared to 1Q24[5] - Bank loans, net, reached a record of $47.2 billion, a 7% increase compared to 1Q24 and a 3% increase compared to 4Q24[5] Segment Results - Private Client Group net revenues reached a record of $2.548 billion, a 14% increase compared to 1Q24 and a 3% increase compared to 4Q24[6] - Asset Management net revenues reached a record of $294 million, a 25% increase compared to 1Q24 and a 7% increase compared to 4Q24[6]

Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.75 per share. This compares to earnings of $2.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.55%. A quarter ago, it was expected that this company would post earnings of $2.43 per share when it actually produced earnings of $2.95, delivering a surprise of 21.40%.Over the last four quarters, ...

Raymond James Financial (RJF) Q1 2025 Earnings Call January 29, 2025 05:00 PM ET Company Participants Kristie Waugh - SVP, IRPaul Reilly - Chair and CEOButch Oorlog - CFOPaul Shoukry - PresidentDevin Ryan - Director of Financial Technology ResearchKyle Voigt - Managing Director - Equity ResearchAlex Blostein - Managing DirectorSteven Chubak - Managing Director Conference Call Participants William (Bill) katz - Senior Equity AnalystDan Fannon - Managing Director - Research AnalystBrennan Hawken - Senior Anal ...

January 29, 2025 FOR IMMEDIATE RELEASE Media Contact: Steve Hollister, 727.567.2824 Investor Contact: Kristina Waugh, 727.567.7654 raymondjames.com/news-and-media/press-releases RAYMOND JAMES FINANCIAL REPORTS FISCAL FIRST QUARTER OF 2025 RESULTS ST. PETERSBURG, Fla – Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $3.54 billion and net income available to common shareholders of $599 million, or $2.86 per diluted share, for the fiscal first quarter ended December 31, 2024. Excluding ...

ST. PETERSBURG, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Record quarterly net revenues of $3.54 billion, up 17% over the prior year’s fiscal first quarter and 2% over the preceding quarterQuarterly net income available to common shareholders of $599 million, or $2.86 per diluted share; quarterly adjusted net income available to common shareholders of $614 million(1), or $2.93 per diluted share(1)Client assets under administration of $1.56 trillion and record quarter-end Private Client Group assets in fee-ba ...

Raymond James (RJF) is scheduled to announce first-quarter fiscal 2025 (ended Dec. 31) results on Jan. 29, after market close. The company’s earnings and revenues are expected to have witnessed a rise on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last quarter, RJF’s earnings beat the Zacks Consensus Estimate. Results benefited from robust investment banking (IB) and brokerage performance in the Capital markets segment. The performance of the Privat ...

Investors interested in Financial - Investment Bank stocks are likely familiar with Raymond James Financial, Inc. (RJF) and LPL Financial Holdings Inc. (LPLA) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and ...

Company Overview - Raymond James Financial, Inc. (RJF) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4] Price Performance - RJF shares have increased by 8.3% over the past week, outperforming the Zacks Financial - Investment Bank industry, which rose by 7.51% [6] - Over the past month, RJF's price change is 7.19%, compared to the industry's 5.6% [6] - In the last quarter, RJF shares have gained 12.72%, and over the past year, they have increased by 47.12%, while the S&P 500 has only moved 2.54% and 25.42%, respectively [7] Trading Volume - RJF's average 20-day trading volume is 758,410 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, 7 earnings estimates for RJF have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.83 to $11.02 [10] - For the next fiscal year, 5 estimates have also moved upwards, with no downward revisions during the same period [10] Conclusion - Considering the strong price performance, positive earnings outlook, and high Momentum Style Score, RJF is positioned as a promising investment opportunity [12]