Raymond James' Q2 Earnings Lag, Stock Slides 2.3% on Muted IB Business

Shares of Raymond James (RJF) lost 2.3% in after-hours trading in response to lower-than-expected second- quarter fiscal 2025 results (ended March 31). Adjusted earnings of $2.42 per share lagged the Zacks Consensus Estimate of $2.44. The bottom line, however, grew 5% from the prior-year quarter. Net income available to common shareholders (GAAP basis) was $493 million or $2.36 per share, up from $474 million or $2.22 per share in the prior-year quarter. On the other hand, decent brokerage performance in th ...