Raymond James Financial (RJF)
NYSEFinancialsAsset ManagementSnapshot 2026-07-08
$165.35-1.34%
Close 2026-07-08 · 1-day change
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Track RJF free→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
Breaks if: investment banking revenue falls below $208 million
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Grow investment banking revenues through strategic acquisitions and increased activity.
Stated in 3 of last 3 quarters. Investment banking revenues reached $272 million, up 31% over the prior year, indicating strong delivery on the priority to expand investment banking revenues.
“CEO: 'Investment banking revenues of $272 million, up 31%.'”
“CEO: 'Strong growth in investment banking revenues.'”
“CEO: 'Focus on expanding investment banking activities.'”
Breaks if: PCG fee-based assets fall below $872.8 billion
Focus on growing assets under administration and fee-based accounts in the Private Client Group.
Stated in 4 of last 4 quarters. PCG fee-based assets grew 20% over March 2025, reaching $1.04 trillion. The trajectory is delivering on the stated priority of increasing Private Client Group assets.
“CEO: 'Record PCG fee-based assets and annualized net new asset growth of 7%.'”
“CEO: 'PCG assets in fee-based accounts grew 20% over March 2025.'”
“CEO: 'Continued growth in PCG assets under administration.'”
“CEO: 'Focus on increasing PCG assets and fee-based accounts.'”