Although the revenue and EPS for Raymond James Financial (RJF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.13 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Raymond James Financial (RJF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Decent IB fees, NII and trading revenue growth are likely to have aided RJF's fourth-quarter fiscal 2024 earnings, while higher expenses are likely to have hurt.
Raymond James Financial (RJF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RJF is well-poised for growth on solid PCG segment performance and strategic acquisitions. Yet, volatile capital market performance and high costs are woes.
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Raymond James and Exane BNP Paribas both lowered their price targets for Micron stock today. Raymond James still thinks the stock is a buy, but it's lowering its forecast due to weaker-than-expected growth trends.
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Signs of market undervaluation after the summer downgrade from Wolfe Research present potential to buy below the 200-day SMA. Proven YoY revenue and earnings growth along with future analyst EPS growth forecast, driven by AUA and fee-driven business. Tier 1 capital is well above regulatory minimums, and CRE loan exposure is part of a large and diversified asset portfolio.
Charles Schwab shares dropped 9% after a disappointing quarterly report, announcing a shift to rely more on third-party banks for capital and funding risks. This caused Raymond James Financial, Inc. stock to sell off. However, Raymond James is outperforming Schwab operationally with better balance sheet management, strategic foresight, and strong financial resilience, leading to my strong buy opinion. Raymond James' strong growth in assets under management, revenue, and strategic initiatives position them as an ideal long-term investment with potential upside.