RJF

RJF beats Q4 earnings and revenue estimates as record revenues, robust asset management growth and rising client assets drive performance despite higher costs.

Raymond James Financial NYSE: RJF reported record fourth-quarter and fiscal 2026 results, extending its streak of record annual performance to six consecutive years as growth in its Private Client Group, investment banking and bank lending supported revenues and profitability.

Although the revenue and EPS for Raymond James Financial (RJF) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Raymond James Financial, Inc. (RJF) Q4 2026 Earnings Call Transcript

ST. PETERSBURG, Fla., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Record annual net revenues of $15.79 billion, record net income available to common shareholders of $2.37 billion, and record earnings per diluted share of $11.91 for fiscal 2026 Record quarter-end client assets under administration of $1.94 trillion and record quarter-end Private Client Group (PCG) assets in fee-based accounts of $1.16 trillion, up 12% and 15%, respectively, over September 2025 Returned approximately $1.7 billion of capital to shareholders through the combination of common share repurchases and dividends paid in fiscal 2026 Record quarterly net revenues of $4.27 billion, up 15% over the prior year's fiscal fourth quarter and 9% over the preceding quarter Record quarterly net income available to common shareholders of $666 million and record diluted earnings per share of $3.40, up 15% over the prior year's fiscal fourth quarter and 13% over the preceding quarter; record quarterly adjusted net income available to common shareholders of $703 million(1), or a record $3.59 per diluted share(1) Domestic PCG net new assets(2) of $22.8 billion for the fiscal fourth quarter, or annualized growth from beginning of the quarter assets of 5.3%; Fiscal year domestic PCG net new assets(2) of $98.3 billion, or growth from beginning of the year assets of 6.4% Quarterly combined net interest income and Raymond James Bank Deposit Program (RJBDP) third-party bank fees of $674 million, up 3% over the prior year's fiscal fourth quarter and 2% over the preceding quarter Annualized return on common equity and annualized adjusted return on tangible common equity of 20.6% and 26.6%(1), respectively, for the fiscal fourth quarter; Return on common equity of 18.7% and adjusted return on tangible common equity of 23.0%(1) for fiscal 2026 Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $4.27 billion and net income available to common shareholders of $666 million, or $3.40 per diluted share, for the fiscal fourth quarter ended September 30, 2026.

Raymond James' fiscal Q4 earnings are likely to have benefited from robust trading and higher NII, while weaker IB fees and rising costs might have hurt it.

RJF's solid capital position, steady earnings growth and disciplined capital allocation support sustainable dividends and share repurchases.

Raymond James Financial (RJF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

There is a correlation between increasing dividends and strong investment performance — even if a stock has a low dividend yield when you buy.

St. Petersburg, Fla., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Raymond James Financial (NYSE: RJF) announced today that Bank Segment President Steve Raney will transition into an executive consulting role on January 1, 2027, after 21 years of leading the firm's banking business. As part of the firm's long-term succession plans, RJF Chief Operating Officer Scott Curtis will lead the Bank Segment.