Core Insights - Raymond James Financial, Inc. reported $3.4 billion in revenue for the quarter ended March 2025, marking a year-over-year increase of 9.1% and an EPS of $2.42 compared to $2.31 a year ago, although it fell short of the Zacks Consensus Estimate of $3.43 billion by -0.72% [1] Financial Performance Metrics - Private Client Group Asset Under Management was $1.48 billion, slightly below the three-analyst average estimate of $1.49 billion [4] - Tier 1 Leverage Ratio stood at 13.3%, exceeding the three-analyst average estimate of 13.1% [4] - Private Client Group assets in Fee-based Accounts totaled $872.80 million, below the average estimate of $880.13 million [4] - Total Capital Ratio was 24.8%, surpassing the two-analyst average estimate of 24.5% [4] - Investment banking revenues were reported at $216 million, a year-over-year increase of 20.7%, but below the average estimate of $255.78 million [4] - Asset management and related administrative fees generated $1.73 billion, reflecting a year-over-year change of 13.8% and exceeding the average estimate of $1.71 billion [4] - Total brokerage revenues reached $580 million, a year-over-year increase of 9.9%, surpassing the average estimate of $562.59 million [4] - Account and service fees were $321 million, down 4.2% year-over-year and below the average estimate of $338.37 million [4] - Interest income was reported at $963 million, a decrease of 8.2% year-over-year, falling short of the average estimate of $993.09 million [4] - Other total revenues were $40 million, showing a year-over-year increase of 29%, slightly below the average estimate of $40.96 million [4] - Principal transactions generated $149 million, a year-over-year increase of 30.7%, exceeding the three-analyst average estimate of $130.55 million [4] - Net interest income was $419 million, a year-over-year increase of 1.5%, but below the average estimate of $513.85 million [4] Stock Performance - Shares of Raymond James Financial have returned -7.5% over the past month, compared to the Zacks S&P 500 composite's -6.6% change, with a Zacks Rank 4 (Sell) indicating potential underperformance in the near term [3]
Raymond James Financial (RJF) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates