Overview

* Raymond James Q4 revenue of $3.73 bln beats analyst expectations

* Adjusted EPS for Q4 at $3.11, exceeding consensus estimates

* Company returned over $1.5 bln to shareholders via buybacks and dividends in fiscal 2025

Outlook

* Raymond James sees robust growth opportunities across its business for fiscal 2026

* Company expects strong investment banking pipeline to support growth

Result Drivers

* ASSET MANAGEMENT GROWTH - Record quarterly net revenues driven by higher asset management and administrative fees, up 13% year-over-year due to market appreciation and net asset inflows

* INVESTMENT BANKING REVENUES - Quarterly net revenues grew 10% over preceding quarter, primarily due to higher investment banking revenues

* TECHNOLOGY INVESTMENTS - Significant investments in technology, including AI, to enhance service and deliver data-driven insights

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $3.73 $3.62

Revenue bln bln (7

Analysts

)

Q4 Beat $3.11 $2.82

Adjusted (11

EPS Analysts

)

Q4 EPS $2.95

Q4 Beat $635 mln $575.34

Adjusted mln (7

Net Analysts

Income )

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

* Wall Street's median 12-month price target for Raymond James Financial Inc ( RJF ) is $180.00, about 7.9% above its October 21 closing price of $165.75

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)