Raymond James Financial(NYSE) RJF

Raymond James Financial, Inc. helps people and businesses manage their money. It makes tools for financial planning, banking, and investing. The firm assists clients in reaching their financial goals.

Where the Revenue Comes From

• Private Client Group: Provides investment solutions and personalized portfolio management for individuals; total revenues were $2.86 billion in the quarter ended June 30, 2026.
• Capital Markets: Handles mergers, acquisitions, and brokerage services for institutional clients; total revenues were $500 million in the quarter ended June 30, 2026.
• Asset Management: Manages investment portfolios for retail and institutional customers; net revenues were $362 million in the quarter ended June 30, 2026.
• Bank: Offers residential mortgages, commercial loans, and insured deposit products; net revenues were $488 million in the quarter ended June 30, 2026.
• Other: Includes private equity activities and corporate-level investments; total revenues were $38 million in the quarter ended June 30, 2026.

Recent Growth and Expansions

• Acquired Clark Capital on April 30, 2026, which added approximately $36 billion in financial assets under management.
• Completed the acquisition of GreensLedge in the fiscal second quarter of 2026 to strengthen its capital markets and advisory capabilities.
• Generated $21.7 billion in domestic net new assets during the quarter ended June 30, 2026, up from $11.7 billion in the prior-year quarter.
• Repurchased $1.2 billion of common stock during the nine-month period ended June 30, 2026.

Why the Firm Stands Out

The company maintains a diversified revenue mix through wealth management, institutional brokerage, and banking operations. It uses technology investments to help financial advisors improve client retention and recruitment.

Recent Financial Performance

• Net revenues hit $3.93 billion in the quarter ended June 30, 2026, an increase of 16% year over year.
• Net income available to common shareholders reached $595 million in the third quarter of 2026, up 37% year over year.
• Adjusted diluted earnings per common share were $3.14 for the three-month period ended June 30, 2026, an increase of 44% year over year.
• Price-to-earnings ratio was 12.4 in the third quarter of 2026, down 30% from the prior-year quarter.
• Tier 1 leverage ratio, which measures financial strength, stood at 11.7% as of June 30, 2026.

Evolution of the Firm

Raymond James has transitioned from a regional brokerage into a diversified global financial holding company. Its focus on advisor recruitment and strategic acquisitions supports its ability to navigate changing market environments and interest rate cycles.