Raymond James (RJF) shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%, significantly outperforming the industry and the S&P 500 Index. It has also fared better than its peers – Morgan Stanley (MS) and Evercore (EVR) . Three-Months Price Performance Image Source: Zacks Investment ResearchThe primary reason for investors’ optimistic stance on Raymond James is the revival of the ...

The expected future was altered in a big way Tuesday night.A good day for the stock market is proving to be a great day for select financial names. Shares of brokerage outfits Charles Schwab (SCHW 6.72%) and Raymond James Financial (RJF 9.80%) are up 6.5% and 9.4% (respectively) headed into Wednesday's close, for reasons that aren't exactly surprising.Brewing up a bullish environment for the banking businessCredit Donald Trump's successful bid for the U.S. presidency, mostly. While current VP and defeated p ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Investors with an interest in Financial - Investment Bank stocks have likely encountered both Raymond James Financial, Inc. (RJF) and The Charles Schwab Corporation (SCHW) . 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. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zack ...

Given the revival in corporate debt and equity issuances and deal-making activities, the Zacks Investment Bank industry is expected to witness a turnaround in investment banking fees in the quarters ahead. Clarity on several macroeconomic factors will also keep up the momentum. Heightened client activity and a rise in trading volume will support the trading business in the near term. While costs related to technological upgrades might impede the bottom line, industry players will witness improved operating ...

Shares of Raymond James (RJF) gained 1.2% in after-hours trading following the release of its fourth quarter and fiscal 2024 results (ended Sept. 30). Its fourth-quarter fiscal 2024 adjusted earnings of $2.95 per share handily surpassed the Zacks Consensus Estimate of $2.44. The bottom line surged 38% from the prior-year quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.Results benefited from robust investment banking (IB) and brokerage performance in the Capital markets segment. T ...

Raymond James Financial, Inc. (NYSE:RJF) Q4 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Kristie Waugh - Senior Vice President, Investor Relations & FP&A Paul Reilly - Chair & Chief Executive Officer Butch Oorlog - Chief Financial Officer Paul Shoukry - President Conference Call Participants Michael Cho - JPMorgan Dan Fannon - Jefferies Devin Ryan - Citizens JMP Brennan Hawken - UBS Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Bill Katz - TD Cowen Kyle Voigt ...

For the quarter ended September 2024, Raymond James Financial, Inc. (RJF) reported revenue of $3.46 billion, up 13.4% over the same period last year. EPS came in at $2.95, compared to $2.13 in the year-ago quarter.The reported revenue represents a surprise of +4.79% over the Zacks Consensus Estimate of $3.3 billion. With the consensus EPS estimate being $2.44, the EPS surprise was +20.90%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

Fourth Quarter & Fiscal 2024 Results October 23, 2024 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 con ...

Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.90%. A quarter ago, it was expected that this company would post earnings of $2.31 per share when it actually produced earnings of $2.39, delivering a surprise of 3.46%.Over the last four quarters, ...