RJF Stock Recent News
RJF LATEST HEADLINES
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Lisa Detanna, Private Wealth Advisor, Managing Director of Global Wealth Solutions Group at Raymond James located at 9595 Wilshire Blvd Suite 801. Beverly Hills, CA 90212, was among the Raymond James-affiliated advisors named to Barron's list of Top 100 Financial Advisors. The list, which recognizes top advisors across the country, was released online May 10, 2024. Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. Th.
Subscribers to Chart of the Week received this commentary on Sunday, May 12.
Raymond James (RJF) readies to enter into the lucrative private credit business through a partnership with Eldridge Industries.
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.