earnings
confidence high
sentiment positive
materiality 0.85
Raymond James reports record quarterly net income of $507M; dividend raised 24%
RAYMOND JAMES FINANCIAL INC
2023-Q1 EPS reported
$2.30
revenue$3,027,000,000
- Net income available to common shareholders of $507M ($2.30 diluted EPS), up 14% YoY; adjusted $505M ($2.29).
- Net revenues of $2.79B flat YoY; net interest income + RJBDP fees up 253% to $723M.
- Domestic Private Client Group net new assets $23.2B (9.8% annualized growth); record segment revenues $2.06B.
- Capital Markets pre-tax loss of $16M on investment banking revenue down 68% YoY.
- Quarterly dividend raised 24% to $0.42/share; board authorized $1.5B in share repurchases.