Raymond James Financial, Inc.

Raymond James Financial, Inc.

RJF

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Market Cap$33.81B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Raymond James Financial, Inc.Raymond James Financial, Inc.15.11.2%-2.1-

Earnings Call Q3 2026

July 22, 2026 - AI Summary

Strong financial performance (records) + capital strength - Fiscal Q3’26 net revenues: $3.93B, +16% YoY and +2% QoQ; pretax income: $750M (+33% YoY; +2% QoQ). - Net income to common: $595M; EPS (diluted): $3.01; adjusted EPS: $3.14 (record). - Profitability: adjusted pretax margin 19.9% (~20% guidance); annualized ROE 18.8%, annualized adjusted ROTCE 23.5%. - Balance sheet/capital: Tier 1 leverage 11.7%; excess liquidity/capital with about $1.5B excess capital capacity before reaching a 10% Tier 1 target.
Wealth franchise momentum: adviser recruiting, retention focus, and AUA growth - Private Client Group client assets at quarter end: $1.86T, +9% QoQ and +18% YoY (record). - Domestic net new assets (NNA): $21.7B in Q3, 5.5% annualized growth rate—management emphasized this is supported by robust adviser recruiting pipeline plus high retention. - CEO highlighted adviser satisfaction ~97% (best in industry claim) as the “foundation” for sustainable organic growth. - Surprising/positive: recruiting remains strong and described as broad-based across multiple affiliation options/channels (not dependent on a single catalyst).
Technology/AI rollout: early adoption signals are very positive, but monetization is not quantified - Completed full rollout of Raymond (AI assistant); June 15 full rollout with 6,500 unique users by the call date and 99.5% satisfaction; plus an AI Academy with ~20,000 trained/completed across modules. - Strategy: use AI to free advisers/associates from administrative work to deepen client relationships. - Forecast/expectation: firm said it’s too early to size productivity uplift or cost-down benefit into a percentage—expect significant impact long-term, but near-term quantification is not provided. - Risk/challenge: AI investment costs exist; management said they’re closely managing model/usage costs but did not give a numerical ROI or expense reduction target.

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$175.13

Target Price by Analysts

1.9% downsideRaymond James Financial Target Price DetailsTarget Price
$157.49

Current Fair Value

11.8% downside

Overvalued by 11.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$33.81 Billion
Enterprise Value$27.12 Billion
Dividend Yield$2.12 (1.20%)
Earnings per Share$10.53
Beta0.94
Outstanding Shares194,000,000

Return

Return on EquityNaN%ROE
Return on Assets2.91%
Return on Invested Capital18.24%

Valuation & Multiples

P/E Ratio15.05P/E Ratio
PEG41.28PEG
Price to Sales2.05Price to Sales
Price to Book Ratio2.29Price to Book Ratio
Enterprise Value to Revenue1.6
Enterprise Value to EBIT7.96
Enterprise Value to Net Income11
Total Debt to Enterprise0.13
Debt to Equity-Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$2.93
Average shareholder expectation
Revenue Estimate
$3.87 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$3.38
Average shareholder expectation
Revenue Estimate
$4.23 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 36.23%
Total Calls- 100.00%
Total Puts6,000 95.75%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.60% 73.42%
Total Invested$1.07B 95.12%
Investors Holding346 590.00%

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 ...