Raymond James tops Q4 revenue, profit expectations on higher asset management and administrative fees

Overview * Raymond James Q4 revenue of $3.73 bln beats analyst expectations * Adjusted EPS for Q4 at $3.11, exceeding consensus estimates * Company returned over $1.5 bln to shareholders via buybacks and dividends in fiscal 2025 Outlook * Raymond James sees robust growth opportunities across its business for fiscal 2026 * Company expects strong investment banking pipeline to support growth Result Drivers * ASSET MANAGEMENT GROWTH – Record quarterly net revenues driven by higher asset management and administrative fees, up 13% year-over-year due to market appreciation and net asset inflows * INVESTMENT BANKING REVENUES – Quarterly net revenues grew 10% over preceding quarter, primarily due to higher investment banking revenues * TECHNOLOGY INVESTMENTS – Significant investments in technology, including AI, to enhance service and deliver data-driven insights Key Details Metric Beat/Mis Actual Consensu s s Estimate Q4 Beat $3.73 $3.62 Revenue bln bln (7 Analysts ) Q4 Beat $3.11 $2.82 Adjusted (11 EPS Analysts ) Q4 EPS $2.95 Q4 Beat $635 mln $575.34 Adjusted mln (7 Net Analysts Income ) Analyst Coverage * The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the investment banking & brokerage services peer group is "buy." * Wall Street's median 12-month price target for Raymond James Financial Inc is $180.00, about 7.9% above its October 21 closing price of $165.75 Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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