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Raymond James Reports Record Client Assets Under Administration

Story Highlights
  • Raymond James posted record April client assets of $1.87 trillion, with strong year-over-year and sequential growth across advisory, fee-based and lending businesses.
  • Client cash balances were flat year over year but down sequentially due to fees and taxes, while robust yet uncertain investment banking pipelines temper earnings visibility for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Raymond James Reports Record Client Assets Under Administration

Meet Samuel – Your Personal Investing Prophet

Raymond James Financial ( (RJF) ) has provided an announcement.

On May 20, 2026, Raymond James Financial reported April operating data showing client assets under administration reached a record $1.87 trillion, up 22% year over year and 6% sequentially, largely driven by higher equity markets and net asset inflows. Private Client Group assets under administration rose to $1.80 trillion with fee-based assets jumping 28% from a year earlier, while financial assets under management increased 22% and bank loans grew 14%, reflecting broad growth across core businesses.

Clients’ domestic cash sweep and Enhanced Savings Program balances held steady at $55.6 billion versus April 2025 but fell 4% from March 2026, a decline attributed to quarterly fee billings and seasonal tax payments that temporarily reduced cash levels. Management highlighted that investment banking pipelines and client activity remain strong but noted that deal-closing timing is uncertain, signaling continued momentum but some earnings visibility risk for stakeholders relying on transaction-driven revenue.

The most recent analyst rating on (RJF) stock is a Hold with a $172.00 price target. To see the full list of analyst forecasts on Raymond James Financial stock, see the RJF Stock Forecast page.

Spark’s Take on RJF Stock

According to Spark, TipRanks’ AI Analyst, RJF is a Outperform.

The score is primarily supported by solid financial performance (strong multi-year growth and profitability despite recent margin and cash-flow variability) and a constructive earnings call emphasizing record results, fee-based asset growth, and strong capital returns. Valuation is favorable with a ~13x P/E. Technicals are the main restraint, with the stock still below longer-term moving averages and only neutral momentum signals.

To see Spark’s full report on RJF stock, click here.

More about Raymond James Financial

Raymond James Financial, Inc. is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Public since 1983 and listed on the New York Stock Exchange under the ticker RJF, the firm oversees total client assets of $1.87 trillion, underscoring its scale in U.S. wealth and capital markets.

The company’s business spans advisory-based wealth management, institutional capital markets activities and banking solutions, positioning it as a major competitor among full-service financial firms. Its model emphasizes fee-based accounts and asset management, which benefit from rising markets and net inflows, while banking and cash sweep programs add balance-sheet-based revenue streams.

Average Trading Volume: 1,342,818

Technical Sentiment Signal: Hold

Current Market Cap: $30.1B

Find detailed analytics on RJF stock on TipRanks’ Stock Analysis page.

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