Raymond James (RJF) is scheduled to announce fourth-quarter fiscal 2024 (ended Sept. 30) results on Oct. 23, after market close. Quarterly 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 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Raymond James Financial, Inc. (RJF) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbe ...

Raymond James Financial Inc. (RJF) remains well-positioned for growth on the back of opportunistic acquisitions, favorable segment performance and a solid balance sheet. However, increasing reliance on capital markets for top-line growth and high expenses are headwinds. RJF's Growth Drivers Strategic Acquisitions: Raymond James has been engaged in opportunistic buyouts over the years, which led to its expansions in Europe and Canada. In fiscal 2023, the company acquired Canada-based Solus Trust Company Limi ...

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Investors follow the analysts. Micron Technology (MU -3.98%) stock is falling in Thursday's trading. The memory-chip company's share price was down 3.9% as of 3:15 p.m. ET, according to data from S&P Global Market Intelligence. Shares had been down as much as 7.2% earlier in the daily session. Micron stock is falling in conjunction with the release of two price-target cuts from analysts. The company's share price is now down roughly 43% from the high that it reached earlier this year. Micron stock gets hit ...

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momunicanana jetcityimage A Diversified Financial Firm Currently On A Dip One financial-sector stock has been on my watchlist for over a year now and since it has recently taken a price dip despite being profitable and having positive future EPS estimates, today's article takes another look at it more closely. VAL Raymond James Financial Inc (RJF) Price 115.20 117.26 Raymond James Financial Inc (RJF) 200-Day Simple Movie 120.00 117.26 115.20 108.00 96,00 84.00 Oct *23 Apr '24 Jan '24 Jul '24 Seeking AlphaQ ...

Charles Schwab's Challenges - Charles Schwab's shares fell nearly 9% to $68 57 following a disappointing quarterly report, driven by lower-than-expected bank deposits, net interest revenue, and new brokerage accounts [5] - The company is facing challenges from rising interest rates, deposit outflows, and the integration of TD Ameritrade accounts, resulting in $14 4 billion in unrealized losses [2][13] - Schwab plans to shrink its bank operations and rely more on third-party banks to manage capital and funding risks, signaling a significant shift in its business model [5][7] Raymond James' Strengths - Raymond James' shares have risen ~18% over the last 9 months, supported by strong balance sheet management and low exposure to high-volatility commercial real estate [3][7] - The company reported a 18 19% return on equity (ROE), outperforming Charles Schwab's 14 40% ROE, and trades at a more attractive forward multiple [8][29] - Raymond James' assets under management (AUM) increased, with private client assets and fee-based accounts growing to $821 billion and financial assets under management reaching $229 billion [27][28] Financial Sector Pressures - The financial sector faces challenges from rising interest rates and deteriorating loan quality, with many banks increasing reserves to cover potential losses on commercial office loans [12] - Charles Schwab's reliance on expensive funding sources to address deposit outflows and operational shortfalls has impacted its performance [13] - Raymond James, however, has demonstrated resilience, with a 11% YoY revenue growth rate and a strong capital markets division poised for recovery [15][17] Raymond James' Strategic Positioning - Raymond James' forward PEG ratio of 0 80 is significantly below the sector median of 1 27, indicating potential undervaluation and upside potential [29] - The company's capital markets division, despite a pre-tax loss of $14 million, saw a 20% YoY growth in net revenues, driven by higher debt and equity underwriting revenues [18][34] - CEO Paul Reilly emphasized the company's strong M&A pipeline and expectations for a gradual recovery in capital markets activity [35] Market Share and Growth - Raymond James is gaining market share, with domestic net new assets of $16 5 billion in the quarter, representing a 5 2% annualized growth rate [27] - The company's diversified revenue streams and conservative investment strategy position it well for continued growth, even in volatile market conditions [32] - Charles Schwab, in contrast, is losing market share to competitors like Robinhood, impacting its ability to attract new brokerage accounts [13]

Raymond James Financial, Inc. (NYSE:RJF) Q3 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Kristie Waugh - Senior Vice President, Investor Relations and FP&A Paul Reilly - Chair and Chief Executive Officer Paul Shoukry - President and Chief Financial Officer Conference Call Participants Michael Cho - JP Morgan Devin Ryan - Citizens JMP Steven Chubak - Wolfe Research Dan Fannon - Jefferies Brennan Hawken - UBS Kyle Voigt - KBW Bill Katz - TD Cowen Jim Mitchell - Seaport Global Mi ...