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Solid underwriting fees, decent trading performance and higher interest income are expected to have aided Raymond James' (RJF) fiscal Q1 earnings amid weak advisory business and a rise in expenses.
Some leading economists think that a U.S. recession is on the way in the new year. The S&P 500 usually declines significantly during recessions.
Strategic acquisitions with an aim to expand globally and a strong balance sheet position support Raymond James (RJF) amid subdued IB business and higher expenses.
Raymond James (RJF) announces a 7.1% increase in quarterly dividend and a new share repurchase program worth $1.5 billion.
Raymond James raises dividend to boost yield above 1.7%, sets new $1.5 billion stock buyback program
Shares of Raymond James Financial Inc. RJF, +1.35% tacked on 0.3% in Thursday's after-hours session, after the regional bank raised its quarterly dividend by 7% and set a $1.5 billion stock repurchase program. Shareholders of record on Jan. 2 will receive the new dividend of 45 cents a share, up from 42 cents a share, on Jan. 16.
Raymond James CEO Paul Reilly joins 'The Exchange' to discuss their latest earnings, the impact of rising interest rates, and more.
Subdued IB business, higher provision for credit losses and an increase in expenses hurt Raymond James' (RJF) fiscal Q4 earnings, while higher NII on rising rates and a decent increase in loan demand offer some support.
While the top- and bottom-line numbers for Raymond James Financial, Inc. (RJF) give a sense of how the business performed in the quarter ended September 2023, 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 $2.13 per share, missing the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $2.08 per share a year ago.
Raymond James Financial, Inc. (NYSE:RJF ) Q4 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Kristina Waugh - Senior Vice President, Investor Relations Paul Reilly - Chair and Chief Executive Officer Paul Shoukry - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Kyle Voigt - KBW Benjamin Rubin - UBS Steven Chubak - Wolfe Research Mark McLaughlin - Bank of America James Mitchell - Seaport Global Devin Ryan - JMP Securities Michael Cyprys - Morgan Stanley Kristina Waugh Good afternoon, and welcome to Raymond James Financial's Fourth Quarter and Fiscal 2023 Earnings Call. This call is being recorded, and will be available for replay on the company's Investor Relations Web site.