Raymond James Financial, Inc. (RJF), headquartered in St. Petersburg, Florida, is a leading diversified financial services company providing a wide range of investment and wealth management solutions. With a market cap of $32.2 billion, Raymond James supports clients through its robust network of advisors, offering services across investment banking, asset management, and private client wealth advisory. The company is scheduled to release its Q1 earnings after the market closes on Wednesday, Jan. 29.
Ahead of this event, analysts expect the investment banking company to report a profit of $2.74 per share, up 14.2% from $2.40 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on one other occasion.
In fiscal Q4, the company reported an EPS of $2.95, topping the consensus estimates by 20.9%. Raymond James Financial's quarterly beat was driven by strong investment banking growth, higher brokerage and asset management revenues, and robust financial metrics exceeding analyst estimates.
For fiscal 2025, analysts expect RJF to report an EPS of $10.94, up 8.9% from $10.05 in fiscal 2024. Moreover, EPS is expected to grow 6% to $11.60 in fiscal 2026.
RJF stock has rallied 42.7% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 27.2% rise and the Financial Select Sector SPDR Fund’s (XLF) 28.3% return over the same period.
Raymond James Financial has outperformed its peers and the broader index, driven by record revenue growth, exceptional investment banking and asset management performance, and strong financial metrics that surpass analyst expectations.
Following its Q4 earnings release on Oct. 23, RJF stock jumped 7.3%, fueled by record quarterly net revenues of $3.46 billion, up 13% year over year, and asset management net revenues of $275 million, a 17% increase from the prior year quarter.
Analysts' consensus view on RJF stock is moderately optimistic, with a "Moderate Buy" rating overall. Among 14 analysts covering the stock, five recommend "Strong Buy," and nine suggest "Hold." The average analyst price target for RJF is $158.08, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart- Goldman Sachs Just Gave This AI Stock a Rare Double Upgrade. Should You Buy Now?
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