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A rise in revenues driven by strong IB performance and higher assets under administration balance support Raymond James' (RJF) fiscal Q3 earnings.
Raymond James Financial, Inc. (NYSE:RJF ) Q3 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Kristie Waugh - Senior Vice President, Investor Relations and FP&A Paul Reilly - Chair and Chief Executive Officer Paul Shoukry - President and Chief Financial Officer Conference Call Participants Michael Cho - JP Morgan Devin Ryan - Citizens JMP Steven Chubak - Wolfe Research Dan Fannon - Jefferies Brennan Hawken - UBS Kyle Voigt - KBW Bill Katz - TD Cowen Jim Mitchell - Seaport Global Michael Cyprys - Morgan Stanley Alex Blostein - Goldman Sachs Kristie Waugh Good evening, and welcome to Raymond James Financial's Fiscal 2024 Third Quarter Earnings Call. This call is being recorded and will be available for replay on the company's Investor Relations website.
The headline numbers for Raymond James Financial (RJF) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $1.85 per share a year ago.
Robust IB and trading business performance, high rates and decent lending activities are likely to have aided Raymond James' (RJF) fiscal Q3 earnings.
Raymond James Financial (RJF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RJF has excess capital for M&A and dividends based on a comparison of its actual Tier 1 leverage ratio of 12.3% and the company's 10% target. RJF's Q3 FY 2024 results are expected to meet or exceed Wall Street's estimates, considering the positive read-throughs from recent operating data disclosures. I retain my Buy rating for Raymond James Financial after evaluating the company's future financial performance and capital allocation outlook.
A top Big Cap 20 component and financial services provider Raymond James Financial has formed a key chart pattern and could be ripe for a breakout.
Investors with an interest in Financial - Investment Bank stocks have likely encountered both Raymond James Financial, Inc. (RJF) and Tradeweb Markets (TW). But which of these two stocks presents investors with the better value opportunity right now?
Raymond James Financial (RJF) reported earnings 30 days ago. What's next for the stock?