Raymond James (RJF) Reports Mixed Q1 Fiscal 2026 Results With Solid Revenue Growth

Core Insights - Raymond James Financial Inc. reported mixed first-quarter fiscal 2026 results, with net revenues of $3.7 billion, a 6% increase year-over-year, but pre-tax income and net income available to common shareholders fell by 3% and 6% respectively [1][2]. Group 1: Financial Performance - The Private Client Group, the largest sector of the company, generated revenues of $2.77 billion, reflecting a 9% year-over-year increase [2]. - Asset Management revenues increased by 11% year-over-year, reaching $326 million [2]. Group 2: Future Outlook - The company anticipates quarterly share buybacks between $400 million and $500 million and a 1% increase in fiscal Q2 asset management fees [3]. - Management is focused on organic growth and potential acquisitions, with an expected effective tax rate of 24-25% for fiscal 2026 [3]. Group 3: Company Overview - Raymond James Financial Inc. is a diversified financial services company providing wealth management, capital markets, asset management, banking, and other services to individuals, corporations, and institutions [4].