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Raymond James Financial (RJF)
NYSE:RJF
Holding RJF?
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.68Last Year’s EPS
2.4Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 21.98%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, record client assets, and effective capital returns, indicating a positive outlook. However, challenges such as weather-related impacts, asset departures, and pressures on certain segments like fixed income were noted.Company Guidance
During the RJF Q4 2024 earnings call, the company provided optimistic guidance for fiscal 2025, highlighting several key metrics. Raymond James Financial reported record net revenues of $3.46 billion for the quarter, with net income available to common shareholders reaching $601 million. Earnings per diluted share were $2.86, which, when adjusted for acquisition-related expenses, increased to $2.95 per share. The firm achieved an annualized return on common equity of 21.2% and an adjusted return on tangible common equity of 25.8%. The Private Client Group saw record net revenues of $2.48 billion, while the Asset Management segment generated pretax income of $116 million on net revenues of $275 million. Overall, the firm returned nearly $1.3 billion to shareholders through share repurchases and dividends, and it maintained strong liquidity with a Tier 1 leverage ratio of 12.8%. Looking ahead, Raymond James is well-positioned with record client asset levels, healthy pipelines for growth, and significant capital to support balance sheet expansion.Record-Breaking Fiscal Year Performance
Raymond James Financial achieved record net revenues of $12.82 billion and net income of $2.06 billion for fiscal year 2024, up 10% and 19% respectively from the previous year.
Strong Quarterly Financial Results
The firm reported record fiscal fourth quarter net revenues of $3.46 billion, net income of $601 million, and earnings per share of $2.86, with adjusted net income being $621 million or $2.95 per share.
Record Client Assets and Recruiting
Client assets grew to a record $1.57 trillion. Domestic net new assets for the quarter were $13 billion. The firm recruited financial advisers with $100 million in production and $17.5 billion in client assets.
Capital Returns to Shareholders
The firm returned nearly $1.3 billion to shareholders through share repurchases and dividends in the fiscal year, with $900 million spent on repurchasing 7.7 million shares.
Improved Capital Markets Performance
Capital Markets segment saw net revenues grow 42% year-over-year and 46% sequentially, driven by higher M&A revenues.
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RJF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $136.92 | $146.92 | +7.30% |
| Jul 24, 2024 | $111.45 | $117.20 | +5.16% |
| Apr 24, 2024 | $126.20 | $120.67 | -4.38% |
| Jan 24, 2024 | $110.96 | $112.26 | +1.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Raymond James Financial (RJF) report earnings?
Raymond James Financial (RJF) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Raymond James Financial (RJF) earnings time?
Raymond James Financial (RJF) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RJF EPS forecast?
RJF EPS forecast for the fiscal quarter 2025 (Q1) is 2.68.
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