Raymond James Financial, IncNYSE: RJF
Financials · Investment Banking & Brokerage
$156.41
-1.21%
Vol: 491K
Research Digest
Friday, May 1, 2026
Raymond James strengthens with 16% AUM growth; UBS raises PT to $166
Raymond James reported February 2026 client assets of $1.83 trillion, up 16% year-over-year with strong Private Client Group and fee-based balance growth. Investment banking revenues improved 5% for the first two months of the quarter. UBS raised the price target to $166 from $158, while Morgan Stanley raised PT to $172 from $171. Analysts rate the stock 'Hold' with consensus PT of $182.91, suggesting 19.5% upside. Financial assets under management reached $292.5B, up 16% from prior year.
Previous Market Intelligence
13 daysApr 30Raymond James reports record fiscal Q2 with $3.86B revenue (+13% YoY) and $2.83 EPS, beating consensus by $0.07 on April 23, 2026.Mixed▶
Raymond James Financial reported record fiscal Q2 results on April 23 with $3.86 billion revenue (up 13% YoY) and adjusted EPS of $2.83, beating consensus by $0.07. While revenue slightly missed estimates of $3.92B, the company posted strong profitability. CEO commentary noted market sentiment remains historically high despite geopolitical concerns. However, the stock faces headwinds from AI disruption concerns in financial advisory. Analysts rate the stock Hold with mixed views, averaging $182.91 price target (19.55% upside), while multiple firms including UBS and Barclays recently raised targets.
Apr 29Raymond James posts record Q2 revenue of $3.86B, up 13% YoY; client assets reach $1.83TPositive▶
Raymond James reported record fiscal Q2 with $3.86B revenue (+13% YoY) and adjusted EPS of $2.83 beating estimates. Client assets under administration reached record $1.83T (+16% YoY). Private Client Group assets surged to $1.76T in February 2026. Investment banking revenues up 5% in first two months of current quarter. Bank loans increased 13% YoY to $54B. Multiple analysts raised price targets post-earnings: UBS to $166, BMO to $165, Barclays to $182. Average 12-month PT is $182.91.
Apr 16Q2 earnings due April 22; Morgan Stanley downgrades to $171 PT amid analyst consensus hold rating on mixed revenue outlook.Neutral▶
Raymond James Financial will release Q2 fiscal 2026 results after market close on April 22 with earnings call following. Analyst sentiment remains mixed with Morgan Stanley lowering price target to $171 from $187 on April 10, reflecting concerns about revenue and profitability. Analyst consensus shows 11 analysts rating the stock as Hold with average 12-month price target of $182.91. Company is actively repurchasing shares and integrating AI tools to enhance operational efficiency. Recent afterhours trading showed slight decline of 1.08%, indicating cautious investor positioning ahead of earnings.
Apr 15Raymond James stock faces multiple analyst downgrades; Morgan Stanley downgraded to Hold; capital markets revenue declined 21% in Q1 2026.Negative▶
Raymond James Financial faced significant analyst pressure as multiple firms reduced price targets. Morgan Stanley downgraded RJF to Hold on April 10 with target cut to $171. JPMorgan, UBS, TD Cowen, and Barclays all lowered targets. Q1 2026 showed weakness with capital markets revenue down 21%, though asset management revenue rose 11% and private client group revenue increased 9% to $2.77 billion. Analyst consensus is Moderate Buy with average price target of $185.85.
Apr 14Raymond James reported record Q1 2026 revenue ($3.74B) and client assets ($1.77T), but faced 9% stock drop after competitor AI threat and multiple analyst downgrades.Negative▶
Raymond James delivered record Q1 2026 revenue of $3.74B and record client assets of $1.77T. However, shares fell 9% after competitor Altruist launched Hazel AI tax planning platform, prompting five analyst downgrades. JPMorgan cut to $165, Morgan Stanley to $171, TD Cowen to $156.
Apr 13Raymond James Q1 2026 EPS beat at $2.86 vs. $2.83 consensus amid record client assets of $1.77T and $2.0B expanded buyback authorization.Mixed▶
RJF reported Q1 2026 revenues of $3.74B and EPS of $2.86 (beat $2.83 estimate). Record client assets of $1.77T and fee-based assets of $1.04T. Raised common dividend 8% and expanded buyback to $2.0B. Acquired Clark Capital Management Group. Stock fell 9% after Altruist launched Hazel AI tax platform. Morgan Stanley placed on Hold.
Apr 10Raymond James acquires Clark Capital Management Group; Q2 2026 EPS expected up 20.7% YoYPositive▶
Raymond James acquired Clark Capital Management Group. Fiscal Q1 2026 net revenues of $3.74B, record client assets of $1.77T.
Apr 9Raymond James client assets reach record $1.83T on equity gains and net inflows; UBS cuts price targetMixed▶
Raymond James Financial reported client assets under administration reaching record $1.83 trillion (up 16% YoY) with private client group assets rising 16% to $1.76 trillion. UBS lowered price target from $176 to $158 with neutral rating citing AI disruption concerns, while Q2 2026 earnings expected to show 20.7% EPS growth and "Hold" consensus.
Apr 8Raymond James announces Clark Capital acquisition; Aberdeen Group trims stake.Negative▶
Raymond James announced acquisition of Clark Capital Management Group. Aberdeen Group trimmed 6.3% holdings. Q2 FY26 EPS consensus $2.92 (+20.7% YoY). Hold consensus with $183.10 PT.
Apr 7Raymond James reports 16% AUM growth in February 2026; dividend raised to $0.54.Positive▶
Raymond James Financial reported February 2026 client assets under administration of $1.83 trillion, up 16% year-over-year. The company declared a quarterly dividend of $0.54 with ex-date April 1, 2026. Analysts expect fiscal Q2 2026 EPS of $2.92, up 20.7% YoY. Investment banking revenues for the first two months of the quarter are approximately 5% above the prior-year period.
Apr 6Raymond James reports record client assets of $1.83T (+16% YoY) and announces Clark Capital acquisitionPositive▶
Raymond James client assets under administration reached record $1.83 trillion, up 16% YoY driven by higher equity markets and net inflows. Private Client Group assets under administration reached $1.76 trillion in February 2026 (+16% YoY). Investment banking revenues for first two months of current quarter approximately 5% above prior-year. Financial assets under management reached $292.5 billion (+16% from Feb 2025). Company expected to report Q2 FY2026 adjusted EPS of $2.92 (+20.7% YoY). Raymond James reached agreement to acquire Clark Capital Management Group. Dividend of $0.54 with ex-date April 1.
Apr 3Raymond James reports 16% year-over-year growth in client assets to $1.83T and completes acquisition of Clark Capital with $46B in combined AUM.Positive▶
Raymond James reported fiscal Q1 2026 net income of $562M ($2.79 diluted EPS) with record client assets under administration of $1.77T. The company completed the acquisition of Clark Capital Management Group. February 2026 data shows client assets reached $1.83T, up 16% YoY. Earnings set for April 22.
Apr 2Raymond James shows 16% asset growth in February 2026; reaches deal to acquire Clark CapitalPositive▶
Raymond James reported client assets under administration of $1.83 trillion in February 2026, up 16% year-over-year, driven by higher equity markets and net inflows. Company announced agreement to acquire Clark Capital Management Group. Financial assets under management reached $292.5 billion, up 16% from prior year. Q2 2026 fiscal earnings expected soon with analysts anticipating adjusted EPS of $2.92, up 20.7% year-over-year. Bank loans reached $54.0 billion, up 13%. Analyst consensus rating is Hold with average 12-month price target of $182.91, up 19.55%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MSMORGAN | $190.53 | -0.03% | +14.4% | 15.1x | 1.18 | $302.6B |
| GSGOLDMAN | $924.04 | +0.03% | +6.7% | 14.1x | 1.31 | $274.1B |
| SCHWSCHWAB | $91.61 | -0.03% | -1.4% | 13.1x | 0.90 | $160.6B |
| IBKRINTERACTIVE | $80.56 | +1.33% | +15.9% | 27.9x | 1.26 | $135.2B |
| HOODROBINHOOD | $73.69 | +1.10% | +4.5% | 28.1x | — | $65.7B |
| RJFRAYMOND | $156.41 | -1.21% | +11.7% | 11.8x | 1.01 | $30.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.