RAYMOND JAMES FINANCIAL REPORTS FISCAL FIRST QUARTER OF 2026 RESULTS ST. PETERSBURG, Fla. – Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $3.74 billion and net income available to common shareholders of $562 million, or $2.79 per diluted share, for the fiscal first quarter ended December 31, 2025. Excluding $15 million of expenses, net of tax, related to acquisitions, quarterly adjusted net income available to common shareholders was $577 million , or $2.86 per diluted share . (1) ...

Core Insights - Raymond James has launched a proprietary digital AI operations agent named Rai, which utilizes natural language processing and generative AI to provide curated answers and guidance for operational questions [1][2] - The implementation of Rai is part of a broader strategy to enhance service models and maintain personal relationships within the firm, with plans for an enterprise-wide rollout following a successful pilot [2][3] AI Strategy and Investment - The company is committed to a multi-year investment in AI tools, with an annual budget of $1.1 billion dedicated to technology advancements that foster innovation and solutions across the enterprise [4] - Rai is designed to learn from user interactions, providing a personalized experience while ensuring human oversight in decision-making processes [2][3] AI Utilization and Development - There are over 10,000 regular users of conversational AI within the firm, indicating high associate utilization rates [3] - The development team is generating approximately 3.2 million lines of code monthly under AI supervision, showcasing the scale of AI integration in the company's operations [3] Additional AI Tools - Recent enhancements include a CRM AI note assistant for optimizing note-taking and identifying action items, Zoom AI meeting summaries for tracking activities, and generative AI search capabilities for improved internal knowledge database queries [6]

Core Insights - Raymond James (RJF) is expected to report a decline in earnings for the first quarter of fiscal 2026, while revenues are projected to increase [1][2] Revenue and Earnings Estimates - The Zacks Consensus Estimate for RJF's fiscal first-quarter earnings is $2.83, reflecting a 3.4% decline year-over-year [2] - The consensus estimate for sales is $3.73 billion, indicating a 5.4% year-over-year growth [2][9] Asset Management and Fees - Management anticipates a 6.5% sequential growth in asset management and related administrative fees, driven by higher PCG assets and fee-based accounts [3] Investment Banking Performance - Global M&A activity surged in the December quarter, positively impacting RJF's advisory fees due to an easing buyer-seller valuation gap and lower capital costs [4] - The consensus estimate for RJF's investment banking fees is $276.4 million, which represents a 15% decline year-over-year [5] Trading Revenues - RJF's trading business is expected to perform strongly due to increased client activity and market volatility, influenced by factors such as the longest U.S. government shutdown and easing monetary policy [6] Net Interest Income - The Zacks Consensus Estimate for net interest income (NII) is $551.8 million, indicating a year-over-year increase of 33.3% [8][9] - Management expects NII and third-party fees from the Raymond James Bank Deposit Program to remain stable sequentially [8] Expense Outlook - Overall expenses are anticipated to rise due to consistent hiring of advisors and investments in franchises, compounded by a competitive environment and inflationary pressures [10] Earnings Surprise Potential - The likelihood of RJF beating the Zacks Consensus Estimate is considered high, supported by a positive Earnings ESP of +1.06% and a Zacks Rank of 3 (Hold) [11]

Core Viewpoint - Analysts project that Raymond James Financial, Inc. (RJF) will report quarterly earnings of $2.87 per share, reflecting a 2.1% decline year over year, while revenues are expected to increase by 5.4% to $3.73 billion [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 0.9% over the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts predict 'Revenues- Other' to reach $41.94 million, a 7.5% increase from the prior-year quarter [5]. - 'Net Revenues- Total brokerage revenues' are expected to be $583.97 million, reflecting a 4.5% increase year over year [5]. - 'Revenues- Account and service fees' are projected at $300.41 million, indicating a 12.2% decline year over year [5]. - 'Revenues- Investment banking' is expected to be $276.36 million, a 15% decrease from the previous year [6]. - 'Revenues- Interest income' is forecasted to reach $970.30 million, showing a 5.5% decline year over year [6]. Asset Management Metrics - 'Private Client Group Asset Under Management' is projected to be $1.67 billion, up from $1.49 billion in the same quarter last year [6]. - 'Assets Under Management' is expected to reach $281.46 billion, compared to $243.90 billion a year ago [8]. - 'Total Interest-Earning Assets' is projected at $80.57 billion, an increase from $76.49 billion year over year [8]. Capital Ratios - The average prediction for 'Tier 1 Leverage Ratio' is 12.9%, slightly down from 13.0% a year ago [7]. - The consensus estimate for 'Total Capital Ratio' stands at 24.4%, compared to 25.0% in the previous year [7]. - The estimated 'Tier 1 Capital Ratio' is 23.2%, down from 23.7% reported in the same quarter last year [9]. Stock Performance - Over the past month, Raymond James Financial shares have returned +3.5%, outperforming the Zacks S&P 500 composite's +0.6% change [10].

St. Petersburg, Fla., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) announced today its expected earnings release dates and conference call information for the first, second, third and fourth quarters of fiscal year 2026. Financial results will be released at approximately 4:15 p.m. Eastern time, and the live conference call will begin at approximately 5:00 p.m. Eastern time, on the following dates: Fiscal First Quarter of 2026:                   January 28, 2026Fiscal Second ...

Raymond James Financial, Inc. (RJF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 28, might help the stock move higher if these key numbers are ...

Invesco Raymond James SB-1 Equity ETF (RYJ US) – Portfolio Construction MethodologyThe underlying Raymond James SB-1 Equity Index offers a rules-based expression of Raymond James & Associates’ highest conviction U.S. equity research ideas. The index universe consists primarily of U.S.-listed common stocks and depositary receipts that carry the firm’s “Strong Buy 1” (SB-1) recommendation, subject to minimum market-capitalization and trading-liquidity thresholds designed to ensure institutional tradability; i ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A team of advisors in Chicago has left Raymond James & Associates, the firm’s employee channel, to launch their own registered investment advisor. The 10-person team, led by managing partner Benjamin Cohen, has created Cohen Capital Advisors, and chosen Fidelity and Schwab as custodians, according to regulatory filings. Benjamin Cohen is joined by his father, Michael Cohen, founding chairman of ...

Key Takeaways Raymond James agreed to buy Clark Capital, a Philadelphia-based asset manager with more than $46B in assets.Clark Capital will operate as a standalone boutique within Raymond James Investment Management.RJF expects the deal to strengthen its multi-boutique platform and expand advisor-focused solutions.Raymond James Financial, Inc. (RJF) has agreed to acquire Clark Capital Management Group, a Philadelphia-based asset management company with more than $46 billion in discretionary assets under ma ...

On CNBC's “Halftime Report Final Trades,” Joe Terranova, senior managing director for Virtus Investment Partners, picked Raymond James Financial, Inc. (NYSE:RJF) , saying volatility is not going away.TD Cowen analyst Bill Katz, on Wednesday, maintained Raymond James with a Hold and raised the price target from $180 to $187.Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named SPDR Gold Shares (NYSE:GLD) as his final trade.Shannon Saccocia, chief investment offic ...