Robust IB business performance, higher revenues and improvement in assets under administration balance support RJF's fiscal Q4 earnings.
Raymond James Financial, Inc. (NYSE:RJF ) Q4 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Kristie Waugh - Senior Vice President, Investor Relations & FP&A Paul Reilly - Chair & Chief Executive Officer Butch Oorlog - Chief Financial Officer Paul Shoukry - President Conference Call Participants Michael Cho - JPMorgan Dan Fannon - Jefferies Devin Ryan - Citizens JMP Brennan Hawken - UBS Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Bill Katz - TD Cowen Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Kristie Waugh Good evening and welcome to Raymond James Financial's Fiscal 2024 Fourth Quarter Earnings Call. This call is being recorded and will be available for replay on the company's Investor Relations website.
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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