Raymond James Financial, Inc.


Market Cap$24.76B

Compare Raymond James Financial

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Raymond James Financial, Inc.Raymond James Financial, Inc.14.41.43%16%1.90.3
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q2 2023

April 26, 2023 - AI Summary

Raymond James Financial reported record net revenues of $2.9 billion and net income available to common shareholders of $425 million in the second quarter.
Private Client Group (PCG) generated record results with quarterly net revenue of $2.14 billion and pre-tax income of $441 million.
The Capital Markets segment faced challenges, with revenues declining 27% due to lower investment banking revenues and fixed income brokerage revenues.
Asset Management segment saw a decline in net revenue and pre-tax income largely due to market declines, but solid net inflows for Raymond James Investment Management provided a boost.
The Bank segment generated record net revenues of $540 million and pre-tax income of $91 million, driven by continued expansion of the bank's net interest margin.
Raymond James plans to remain cautious in growing corporate loans over the next several months given volatile market conditions, but is well positioned for future growth and has ample cash and liquidity. Overall, the earnings call highlighted strong performance in PCG and the Bank segment, while acknowledging challenges in the Capital Markets segment. The company remains focused on managing expenses, investing in growth, and providing excellent service to clients. They also plan to continue stock buybacks and are open to M&A opportunities as the market settles.

Current Fair Value

26.9% upside

Undervalued by 26.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.76 Billion
Enterprise Value$28.42 Billion
Dividend Yield$1.6998 (1.43%)
Earnings per Share$7.97
Outstanding Shares209,027,614
Avg 30 Day Volume1,216,770


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio14.43
Price to Sales1.88
Price to Book Ratio2.36
Enterprise Value to Revenue2.11
Enterprise Value to EBIT12.58
Enterprise Value to Net Income16
Total Debt to Enterprise0.13
Debt to Equity0.34

Revenue Sources

No data

ESG Score

No data

About Raymond James Financial, Inc.

18,910 employees
CEO: Paul Reilly

Raymond James Financial, Inc. is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company ...