Raymond James Financial ( (RJF) ) has released its Q1 earnings. Here is a breakdown of the information Raymond James Financial presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Raymond James Financial, Inc., a diversified financial services company, operates within private client group, capital markets, asset management, and banking sectors, serving individuals, corporations, and municipalities.
In its fiscal first quarter of 2025, Raymond James Financial reported record net revenues of $3.54 billion, marking a 17% increase from the previous year. The company’s net income available to common shareholders totaled $599 million, translating to $2.86 per diluted share, with adjusted earnings per share reaching $2.93.
Key highlights from the quarter include a substantial rise in client assets under administration, now at $1.56 trillion, and an impressive 42% year-over-year growth in capital markets revenues, driven by strong investment banking performance. The asset management segment also reported a 25% increase in net revenues, with financial assets under management growing by 13%.
Additionally, Raymond James announced an 11% hike in its quarterly cash dividend to $0.50 per share and authorized up to $1.5 billion in common stock repurchases. The bank’s net loans increased by 7%, supported by securities-based loans and residential mortgages.
Looking forward, the company remains optimistic for the fiscal second quarter, buoyed by strong client asset levels and a healthy pipeline in both financial advisor recruiting and investment banking activities.
