Group 1 - Raymond James Financial, Inc. (RJF) has experienced a 12% decline in stock price over the past four weeks, but is now in oversold territory, indicating potential for a trend reversal [1] - The Relative Strength Index (RSI) for RJF is currently at 27.08, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is strong consensus among Wall Street analysts that RJF will report better earnings than previously predicted, with a 1.4% increase in consensus EPS estimates over the last 30 days [6] Group 2 - RJF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]

Assets and Liabilities - Total trading assets amounted to $1,459 million as of December 31, 2024, with a significant portion in debt securities totaling $1,418 million[26]. - Available-for-sale securities reached $7,727 million, primarily consisting of agency MBS, agency CMOs, and U.S. Treasuries[29]. - Total assets at fair value on a recurring basis were $9,715 million, with Level 1 assets at $1,046 million and Level 2 assets at $8,857 million[26]. - Total liabilities at fair value on a recurring basis were $1,304 million, with trading liabilities accounting for $835 million[26]. - The company reported a total of $10,278 million in assets at fair value on a recurring basis as of September 30, 2024[28]. - The fair value of Level 3 trading assets decreased to $2 million, while Level 3 derivative liabilities were recorded at $2 million[32]. - The total estimated fair value of bank loans, net, was $46,065 million as of December 31, 2024, compared to $45,185 million on September 30, 2024[43]. - The total available-for-sale securities fair value decreased from $8,260 million on September 30, 2024, to $7,727 million on December 31, 2024[46]. - The total amount of collateral received under reverse repurchase agreements was $3,770 million as of December 31, 2024, slightly down from $3,800 million on September 30, 2024[74]. - The total amount of collateral pledged with the FHLB or FRB was $17,493 million as of December 31, 2024, compared to $15,773 million on September 30, 2024[77]. Financial Performance - Total revenues for the three months ended December 31, 2024, were $4,035 million, an increase from $3,520 million in the same period of 2023, representing a growth of approximately 14.6%[181]. - Non-interest revenues for the same period were $3,008 million, compared to $2,467 million in 2023, reflecting a year-over-year increase of about 21.9%[181]. - Asset management and related administrative fees reached $1,743 million in Q4 2024, up from $1,407 million in Q4 2023, marking a growth of approximately 23.8%[181]. - Total brokerage revenues increased to $559 million in Q4 2024 from $522 million in Q4 2023, showing a rise of about 7.1%[181]. - Investment banking revenues totaled $325 million in Q4 2024, compared to $181 million in Q4 2023, indicating a significant increase of approximately 79.0%[181]. - Interest income for the three months ended December 31, 2024, was $1,027 million, slightly down from $1,053 million in the same period of 2023[185]. - Net interest income after bank loan provision for credit losses was $529 million for Q4 2024, compared to $534 million in Q4 2023[185]. - The company reported a net change in accumulated other comprehensive income (AOCI) as of December 31, 2024, totaling $(655) million[174]. - The company’s total dividends paid for the three months ended December 31, 2024, were $1 million, consistent with the previous year[166]. Loans and Credit Quality - Total loans held for investment increased to $47,424 million as of December 31, 2024, up from $46,267 million on September 30, 2024[82]. - The allowance for credit losses (ACL) as a percentage of total loans held for investment was 0.95% as of December 31, 2024, compared to 0.99% on September 30, 2024[82]. - The total past due loans (30-89 days and more) were $7 million as of December 31, 2024, with nonaccrual loans totaling $131 million[88]. - The credit quality of the bank loan portfolio includes loans classified as "criticized," which are under close management attention due to potential weaknesses[99]. - The company reported $72 million of nonaccrual loans that were current as of December 31, 2024[88]. - The total amount of residential mortgage loans held for investment was $9,602 million as of December 31, 2024[88]. - The company has maintained a consistent credit quality with no significant changes in the allowance for credit losses across different loan segments[106]. - The provision for credit losses for the three months ended December 31, 2024 reflected an improved macroeconomic forecast and loan repayments, offset by provisions on new loans and charge-offs of certain loans[107]. Shareholder Information - The balance of common shares outstanding as of December 31, 2024, was 204.6 million, a decrease from 208.7 million in the same period of 2023[168]. - During the three months ended December 31, 2024, the company repurchased 310 thousand shares of common stock for $50 million at an average price of $161.13 per share[169]. - Dividends per common share declared increased to $0.50 in 2024 from $0.45 in 2023, while dividends paid rose to $0.45 from $0.42[171]. - The dividend payout ratio for the three months ended December 31, 2024, was 17.5%, down from 19.4% in 2023[172]. - As of December 31, 2024, $1.45 billion remained available under the Board of Directors' common stock repurchase authorization[169]. Regulatory and Legal Matters - The company continues to face significant litigation and regulatory scrutiny, with no assurance that material losses will not be incurred from unasserted claims[161]. - As of December 31, 2024, the estimated upper end of the range of reasonably possible aggregate loss for legal and regulatory matters is approximately $30 million[163]. Capital and Liquidity - RJF's Tier 1 capital ratio was 23.7%, exceeding the required 8.5%[194]. - RJF's total capital ratio stood at 25.0%, well above the required 10.5%[194]. - For Raymond James Bank, the Tier 1 leverage ratio was 8.2%, above the required 4.0%[198]. - The company emphasizes the importance of forward-looking statements regarding future strategic objectives and financial results[221]. - The management discusses anticipated savings and financial results, including expenses and earnings, as part of their strategic outlook[221]. - The management's discussion includes a focus on liquidity and capital resources, indicating ongoing financial health[219].

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]

Fiscal 1Q25 Results January 29, 2025 Forward-looking statements Overview of Results Paul Reilly Chair & CEO, Raymond James Financial 3 Fiscal 1Q25 highlights | | | | | vs. | vs. | | --- | --- | --- | --- | --- | --- | | $ in millions, except per share amounts | | | 1Q25 | 1Q24 | 4Q24 | | As reported: | | | | | | | Net revenues | RECORD | $ | 3,537 | 17% | 2% | | Net income available to common shareholders | | $ | 599 | 21% | —% | | Earnings per common share — diluted | RECORD | $ | 2.86 | 23% | —% | | | | | ...

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, ...

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 ...