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
QuarterlyIQ Insights · RJF
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks RJF against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 55% of the time over the next year (vs 62% for the rest of the cohort, n=10246).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to increase Private Client Group assets under administration and fee-based accounts through net new asset growth and market appreciation.
Stated as a priority in 8 of last 8 quarters. Domestic Private Client Group net new assets grew from $8.8 billion in 2025-Q2 to $21.7 billion in 2026-Q3. Fee-based accounts increased from $872.8 billion in 2025-Q2 to $1.15 trillion in 2026-Q3, a 22% rise. Management consistently emphasizes this growth priority and the financial data shows delivering progress.
“Domestic Private Client Group net new assets of $21.7 billion, fee-based accounts $1.15 trillion, up 22% over June 2025.”
“Domestic Private Client Group net new assets of $23.0 billion, fee-based accounts $1.04 trillion, up 20% over March 2025.”
“Domestic Private Client Group net new assets of $30.8 billion, fee-based accounts $1.04 trillion, up 19% over December 2024.”
“Domestic Private Client Group net new assets of $17.9 billion, fee-based accounts $1.01 trillion, up 15% over September 2024.”
“Domestic Private Client Group net new assets of $11.7 billion, fee-based accounts $943.9 billion, up 15% over June 2024.”
“Domestic Private Client Group net new assets of $8.8 billion, fee-based accounts $872.8 billion, up 9% over March 2024.”
“Domestic Private Client Group net new assets of $14.0 billion, fee-based accounts $876.6 billion, up 17% over December 2023.”
Grow investment banking revenues through a strong pipeline and strategic acquisitions to support capital markets growth.
Stated as a priority in 6 of last 6 quarters. Investment banking revenues increased from $207 million in 2025-Q2 to $285 million in 2026-Q3, a 38% rise. Management highlights a strong pipeline and strategic acquisitions like GreensLedge Holdings LLC. The trajectory shows delivering growth consistent with management’s stated focus.
Continue disciplined capital allocation with regular dividend increases and share repurchase programs to return capital to shareholders.
Stated as a priority in 8 of last 8 quarters. Quarterly dividend increased from $0.50 in 2025 to $0.54 in 2026. The firm repurchased $400 million of common stock in 2026-Q3 and maintains $1.1 billion remaining under repurchase authorization. Management consistently emphasizes disciplined capital allocation and the financial data shows delivering on this commitment.
Continue investments in technology and AI integration to improve efficiency and provide data-driven insights for financial professionals and clients.
Stated as a priority in 3 of last 8 quarters. Management highlights ongoing investments of approximately $1 billion in technology including AI to enhance advisor and client experience. While specific financial impact is not quantified, the recurring emphasis indicates a sustained strategic focus.
Grow Private Client Group assets under administration and fee-based accounts through net new asset inflows and market appreciation.
Over the trailing year it converted 0.86x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 60% of the time over the next year (vs 57% for the rest of the cohort, n=9112).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
19 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated neutral grew net income 56% of the time over the next year (vs 58% for the rest of the cohort, n=3751).
Not investment advice. As of 2026-09-04.
“Domestic Private Client Group net new assets of $13.0 billion, fee-based accounts $875.2 billion, up 28% over September 2023.”
“Investment banking revenues of $285 million, up 40% over prior year’s fiscal third quarter.”
“Investment banking revenues of $272 million, up 31% over prior year’s fiscal second quarter.”
“Investment banking revenues of $200 million, down 37% compared to prior year’s fiscal first quarter.”
“Investment banking revenues of $309 million, up 1% over prior year’s fiscal fourth quarter.”
“Investment banking revenues of $203 million, up 17% over prior year’s fiscal third quarter.”
“Investment banking revenues of $207 million, up 21% over prior year’s fiscal second quarter.”
“Repurchased $400 million of common stock; $1.1 billion remaining under repurchase authorization.”
“Board declared quarterly dividend of $0.54 per share; repurchased $400 million of common stock.”
“Board declared quarterly dividend of $0.54 per share.”
“Increased quarterly dividend to $0.54 per share; repurchased $350 million of common stock.”
“Quarterly dividend of $0.50 per share; repurchased $451 million of common stock.”
“Quarterly dividend of $0.50 per share; repurchased $250 million of common stock.”
“Quarterly dividend of $0.50 per share; repurchased $400 million of common stock.”
“Increased quarterly dividend 11% to $0.50 per share; repurchased $300 million of common stock.”
“We continue to develop industry-leading technology solutions, including increasing AI integration.”
“Invested approximately $1 billion in technology including AI to enhance service and deliver data-driven insights.”
“Continued investments in technology and platform, including acquisition of Clark Capital.”