Raymond James Financial (RJF)
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
$178.29-1.55%
Close 2026-09-04 · 1-day change
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
Intact: The reason to own it still holds.
Raymond James Financial grows assets in its Private Client Group by 20%. Investment banking revenues rose 31% to $272 million. Profit margins remain stable with EPS beats and steady dividends. The company buys back shares and manages capital well.
Growth in assets or investment banking could slow below 7%. Rising debt or weaker capital allocation could pressure profits. Market or economic downturns may reduce fee income and deal activity.
The price is about 3.5% below our fair value near $177. Analysts expect modest 2% revenue growth, but we see stronger growth potential from asset and investment banking expansion.
Breaks if: dividend cut below $0.54 per share or buybacks halted
Breaks if: EPS guidance falls below $2.72
investment banking revenue falls below $208 million
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable, long-term thesis focused on a financial services firm with a commitment to growth and disciplined capital allocation. The current state reflects a watchful approach due to mixed recent performance against peers.
The market currently prices RJF as justified, reflecting a low fragility tier. It is seen as relatively cheap compared to peers, with a slight expectations gap indicating that investors may have modest expectations for future performance.
Management has consistently prioritized growth in private client assets and investment banking revenues, showing progress in these areas. However, there is a moderate risk of missing earnings expectations, which could impact future performance.
The long-term thesis hinges on the performance of sector bellwethers like BLK, BX, and KKR, as their results could influence RJF's trajectory. Additionally, any changes in guidance from RJF could significantly affect market sentiment.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this view. The company reaffirmed its quarterly cash dividend of $0.54 per share. This shows a commitment to returning cash to investors. The consensus estimate is slightly above the current price of $179.36.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: PCG fee-based assets fall below $872.8 billion
Overall, RJF's fundamentals appear stable, but the outlook is sensitive to sector performance and management's guidance. Not investment advice.