Raymond James Financial Misses Earnings Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: Benzinga
- Earnings Miss: Raymond James reported quarterly earnings of $2.86 per share on January 28, falling short of the analyst consensus estimate of $2.88, indicating potential pressure on the company's profitability and investor confidence.
- Sales Shortfall: The firm’s quarterly sales of $3.735 billion also missed the analyst consensus estimate of $3.92 billion, raising concerns about its future growth prospects in a competitive market.
- Stock Price Movement: Despite the disappointing earnings report, Raymond James shares rose 0.9% to close at $167.34 on Monday, suggesting that market confidence in the company's fundamentals remains intact.
- Analyst Support for Vulcan: B. Riley Securities analyst Rohit Seth initiated coverage on Vulcan Materials with a Buy rating and a price target of $345 on January 16, indicating strong optimism that may attract more investor interest in the stock.
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Analyst Views on RJF
Wall Street analysts forecast RJF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RJF is 184.00 USD with a low forecast of 176.00 USD and a high forecast of 196.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
7 Hold
0 Sell
Hold
Current: 167.440
Low
176.00
Averages
184.00
High
196.00
Current: 167.440
Low
176.00
Averages
184.00
High
196.00
About RJF
Raymond James Financial, Inc. is a diversified financial services company that provides services to individuals, corporations and municipalities. The Company's segments include Private Client Group (PCG), Capital Markets, Asset Management, Bank and Other. PCG segment provides financial planning, investment advisory, and securities transaction services to clients through financial advisors. Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. Asset Management segment provides asset management, portfolio management and related administrative services to retail and institutional clients. Bank segment includes Raymond James Bank, a Florida-chartered state member bank, and TriState Capital Bank, a Pennsylvania-chartered state member bank. Other segment includes corporate cash balances and its private equity investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Raymond James Financial Misses Earnings Expectations
- Earnings Miss: Raymond James reported quarterly earnings of $2.86 per share on January 28, falling short of the analyst consensus estimate of $2.88, indicating potential pressure on the company's profitability and investor confidence.
- Sales Shortfall: The firm’s quarterly sales of $3.735 billion also missed the analyst consensus estimate of $3.92 billion, raising concerns about its future growth prospects in a competitive market.
- Stock Price Movement: Despite the disappointing earnings report, Raymond James shares rose 0.9% to close at $167.34 on Monday, suggesting that market confidence in the company's fundamentals remains intact.
- Analyst Support for Vulcan: B. Riley Securities analyst Rohit Seth initiated coverage on Vulcan Materials with a Buy rating and a price target of $345 on January 16, indicating strong optimism that may attract more investor interest in the stock.
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- Asset Management Expansion: The firm added over $69 billion in new assets over the past year, driving annualized net new asset growth from 5% in Q4 2025 to 8%, reflecting successful adviser recruitment and sustained appeal in wealth management.
- Technology Investment Strategy: The launch of the digital AI operations agent named Rai is part of Raymond James' long-term service-focused AI strategy, aimed at enhancing client service efficiency and strengthening market competitiveness through technology.
- Share Repurchase Program: The company repurchased $400 million of common stock at an average price of $162 per share this quarter, reflecting management's confidence in future growth, with plans for approximately $400 million in share repurchases in Q2 2026.
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Raymond James Financial Misses Earnings Expectations
- Earnings Miss: Raymond James reported quarterly earnings of $2.86 per share on January 28, falling short of the analyst consensus estimate of $2.88, indicating potential pressure on the company's profitability and investor confidence.
- Sales Shortfall: The firm’s quarterly sales of $3.735 billion also missed the analyst consensus estimate of $3.92 billion, raising concerns about its future growth prospects in a competitive market.
- Stock Price Movement: Despite the disappointing earnings report, Raymond James shares rose 0.9% to close at $167.34 on Monday, suggesting that market confidence in the company's fundamentals remains intact.
- Analyst Support for Vulcan: B. Riley Securities analyst Rohit Seth initiated coverage on Vulcan Materials with a Buy rating and a price target of $345 on January 16, indicating strong optimism that may attract more investor interest in the stock.
See More
Raymond James Financial Reports Strong Q1 2026 Earnings with Record Revenues
- Significant Earnings Growth: Raymond James Financial reported record net revenues of $3.7 billion for Q1 2026, with net income of $562 million and earnings per share of $2.79, demonstrating robust profitability in a competitive market.
- Asset Management Expansion: The firm added over $69 billion in new assets over the past year, driving annualized net new asset growth from 5% in Q4 2025 to 8%, reflecting successful adviser recruitment and sustained appeal in wealth management.
- Technology Investment Strategy: The launch of the digital AI operations agent named Rai is part of Raymond James' long-term service-focused AI strategy, aimed at enhancing client service efficiency and strengthening market competitiveness through technology.
- Share Repurchase Program: The company repurchased $400 million of common stock at an average price of $162 per share this quarter, reflecting management's confidence in future growth, with plans for approximately $400 million in share repurchases in Q2 2026.
See More
Raymond James (RJF) Q1 2026 Earnings Transcript
See More
Raymond James Wealth Division Excels Despite Challenging Quarter for Investment Banking
- Quarterly Earnings Report: Raymond James Financial reported quarterly earnings that exceeded Wall Street expectations.
- Revenue Growth Drivers: The positive results were attributed to increased revenue from asset management and brokerage fees.
See More
Latest Rating Changes on Wall Street
- Mizuho Upgrades Applied Materials: Mizuho upgrades Applied Materials (AMAT) to Outperform from Neutral, raising the price target to $370, reflecting confidence in the semiconductor company's accelerating growth, which is expected to boost its stock price.
- Jefferies Downgrades BJ's Wholesale: Jefferies downgrades BJ's Wholesale from Buy to Hold, citing slower growth and increased risks in competitive markets, which may lead to underperformance and affect investor sentiment.
- Morgan Stanley Upgrades Johnson & Johnson: Morgan Stanley upgrades Johnson & Johnson (JNJ) to Overweight with a price target increase to $252, based on expectations of new product contributions and a higher P/E ratio, likely driving future earnings growth.
- Barclays Initiates TPG as Overweight: Barclays initiates TPG with an Overweight rating, highlighting its strong positioning for medium-term growth in a recovering capital markets environment, which is expected to attract more investor interest.
See More
S&P 500 Increases for Fifth Consecutive Day
- Earnings Impact: A mixed batch of earnings reports has influenced investor sentiment positively.
- Market Performance: The S&P 500 reached a record close as a result of this optimistic outlook.
See More
