Raymond James Q1 Earnings Beat on Higher Revenues, IB Weakness Ails

Key Takeaways RJF posted fiscal Q1 adjusted EPS of $2.86, beating estimates but down 2% year over year.Revenues rose 6% to a record $3.74B, driven by asset management and client asset growth.Capital markets revenues fell 21%, and non-interest expenses climbed 8% from the prior year.Raymond James’ (RJF)  first-quarter fiscal 2026 (ended Dec. 31) adjusted earnings of $2.86 per share beat the Zacks Consensus Estimate of $2.83. However, the bottom line declined 2% from the prior-year quarter.Results benefited p ...