Raymond James Financial Q4 revenue beats on growth in asset management fees
Overview
US financial services firm's fiscal Q4 revenue rose 15% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company returned $1.7 bln to shareholders via buybacks and dividends in fiscal 2026
Outlook
Company cites geopolitical and macroeconomic uncertainties as it enters fiscal 2027
Raymond James says it is well positioned with record client asset levels and strong investment banking pipeline
Company expects attractive growth opportunities across its businesses in fiscal 2027
Result Drivers
ASSET MANAGEMENT FEES - Co said robust growth in asset management and related administrative fees drove Q4 revenue increase
INVESTMENT BANKING & HOUSING - Higher investment banking and affordable housing investments business revenues contributed to sequential revenue growth
ADVISOR COMMISSIONS - Higher financial advisor commissions and recruiting expenses partially offset asset management fee revenue growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $4.27 bln | $4.22 bln (9 Analysts) |
Q4 Adjusted EPS | Beat | $3.59 | $3.27 (13 Analysts) |
Q4 EPS | $3.40 | ||
Q4 Adjusted Net Income | Beat | $703 mln | $654.89 mln (8 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "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. is $179.00, about 13.7% above its October 28 closing price of $157.42
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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.)