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Saint Petersburg, Florida-based Raymond James Financial, Inc. (RJF) provides private client group, capital markets, asset management, banking, and other services. Valued at $31.9 billion by market cap, the company offers its services to individuals, corporations, and municipalities in the U.S., Canada, and Europe. The leading diversified financial services company is expected to announce its fiscal third-quarter earnings for 2025 on Wednesday, Jul. 23.
Ahead of the event, analysts expect RJF to report a profit of $2.37 per share on a diluted basis, down marginally from $2.39 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
For the full year, analysts expect RJF to report EPS of $10.31, up 2.6% from $10.05 in fiscal 2024. Its EPS is expected to rise 6.8% year over year to $11.01 in fiscal 2026.
RJF stock has outperformed the S&P 500 Index’s ($SPX) 13.4% gains over the past 52 weeks, with shares up 32.5% during this period. Similarly, it outperformed the Financial Select Sector SPDR Fund’s (XLF) 28% gains over the same time frame.
RJF's outperformance is due to its strategic collaboration with global wealth management platform provider FNZ. This partnership will enhance the digital transformation of the company's wealth management systems, improving the experience for advisors and clients. RJF plans to invest $1 billion globally this fiscal year, including bolstering its information security infrastructure and expanding into the private credit business through a partnership with Eldridge Industries.
On Apr. 23, RJF shares closed up marginally after reporting its Q2 results. Its net revenue stood at $3.4 billion, up 9.1% year over year. The company’s adjusted EPS improved 4.8% year over year to $2.42.
Analysts’ consensus opinion on RJF stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 14 analysts covering the stock, four advise a “Strong Buy” rating, and 10 give a “Hold.” While RJF currently trades above its mean price target of $154.23, the Street-high price target of $175 suggests an upside potential of 9.4%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
