RJF Stock Recent News
RJF LATEST HEADLINES
Raymond James Financial's Q2 FY 2024 results met expectations, with revenue growing and normalized EPS growing by +9% YoY and +14% YoY, respectively. RJF's Q3 FY 2024 prospects are favorable based on an evaluation of its recruitment and asset growth metrics. A Buy rating for Raymond James Financial is maintained, taking into consideration its in-line second quarter earnings and positive outlook for Q3.
Higher expenses and a rise in provisions hurt Raymond James' (RJF) fiscal Q2 earnings. Yet, a rise in revenues on the back of robust capital markets performance offers supports.
While the top- and bottom-line numbers for Raymond James Financial (RJF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.31 per share, missing the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.03 per share a year ago.
Improvement in IB business and decent trading performance, along with higher interest income, are expected to have supported Raymond James' (RJF) fiscal Q2 earnings.
Besides Wall Street's top -and-bottom-line estimates for Raymond James Financial (RJF), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
A turnaround in the capital markets business, Raymond James' (RJF) efforts to grow organically and inorganically, and a solid balance sheet position are likely to aid financials. This makes the stock worth investing in.
Raymond James Financial (RJF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Does Raymond James Financial, Inc. (RJF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Raymond James Financial named finance chief Paul Shoukry as the successor to longtime CEO Paul Reilly and made other changes to its leadership team.