Here's What Key Metrics Tell Us About Raymond James Financial (RJF) Q1 Earnings

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]