earnings
confidence high
sentiment positive
materiality 0.70
Raymond James Q3 record net revenue $2.91B; adj. EPS $1.85
RAYMOND JAMES FINANCIAL INC
2023-Q3 EPS reported
$5.95
revenue$9,477,000,000
- Record quarterly net revenues $2.91B (+7% YoY); net income $369M ($1.71 EPS), adjusted $399M ($1.85 EPS).
- Private Client Group net revenues $2.18B (+11% YoY); domestic net new assets $14.4B (5.4% annualized growth).
- Net interest income and RJBDP fees $708M (+91% YoY); bank NIM 3.26% (+85bps YoY).
- Investment banking revenues $141M (-35% YoY); Capital Markets pre-tax loss $34M on muted activity.
- Repurchased 3.31M shares for $300M; total capital ratio 22.0%, tier 1 leverage 11.4%.