Raymond James Financial Reports Strong Q1 2026 Earnings with Record Revenues

Written by Emily J. Thompson, Senior Investment Analyst

RJF-0.42%

Source: seekingalpha

Updated: 1d ago

0mins

Source: seekingalpha

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.

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RJF

$167.61+Infinity%1D

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: 168.310

Low

176.00

Averages

184.00

High

196.00

Current: 168.310

Low

176.00

Averages

184.00

High

196.00

Barclays

Overweight

initiated

$191

2026-01-28

New

Reason

Barclays

Price Target

$191

AI Analysis

2026-01-28

New

initiated

Overweight

Reason

Barclays initiated coverage of Raymond James with an Overweight rating and $191 price target. The firm is bullish on the company's long-term compounding growth potential and sees an attractive valuation given its near-term headwinds. Raymond James operates a "high-growth and relatively diversified business model" versus peers, built around its wealth business, the analyst tells investors in a research note.

Morgan Stanley

Michael Cyprys

Equal Weight

maintain

$185 -> $187

2025-12-22

Reason

Morgan Stanley

Michael Cyprys

Price Target

$185 -> $187

2025-12-22

maintain

Equal Weight

Reason

Morgan Stanley analyst Michael Cyprys raised the firm's price target on Raymond James to $187 from $185 and keeps an Equal Weight rating on the shares. Healthy transactional activity across brokers and exchanges in Q4 drives modest positive revision risk, notes the analyst in a preview. The analyst is raising Q4 EPS estimates by 5% on average, leaving the firm in-line with consensus, the analyst noted.

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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.