Raymond James Financial ( (RJF) ) has released its Q2 earnings. Here is a breakdown of the information Raymond James Financial presented to its investors.
Raymond James Financial, Inc. is a diversified financial services company offering private client group, capital markets, asset management, and banking services to individuals, corporations, and municipalities. The company is publicly traded on the New York Stock Exchange under the symbol RJF.
In its fiscal second quarter of 2025, Raymond James Financial reported net revenues of $3.40 billion, which represents a 9% increase compared to the same quarter last year, but a 4% decrease from the previous quarter. The net income available to common shareholders was $493 million, translating to $2.36 per diluted share.
Key highlights from the earnings report include a 6% increase in client assets under administration to $1.54 trillion and a 9% increase in Private Client Group assets in fee-based accounts. The company also reported record net revenues of $6.94 billion and pre-tax income of $1.42 billion for the first half of fiscal 2025, marking a 13% and 15% increase respectively over the same period last year. Despite a decrease in investment banking revenues due to macroeconomic uncertainties, the company maintained strong financial advisor recruiting activity and a robust investment banking pipeline.
Looking ahead, Raymond James Financial remains optimistic about navigating current economic uncertainties, supported by its strong balance sheet and capital levels that exceed regulatory requirements. The company continues to focus on its advisor- and client-focused culture to drive growth and deliver high-quality financial advice.