earnings
confidence high
sentiment positive
materiality 0.75
Raymond James reports record quarterly EPS of $2.32; net revenues up 8% YoY to $3.01B
RAYMOND JAMES FINANCIAL INC
2024-Q1 EPS reported
$2.32
revenue$3,520,000,000
- Record diluted EPS $2.32 ($2.40 adjusted); net income $497M; net revenues $3.01B (+8% YoY).
- Record client assets under administration $1.37T; record FAI $215B; net new assets $21.6B (7.8% annualized growth).
- Private Client Group revenues $2.23B (+8% YoY); Capital Markets revenues $338M (+15% YoY) with IB $170M (+28%).
- Bank NIM fell 62bps YoY to 2.74%; pre-tax income $92M (-32% YoY); net loans record $44.2B.
- Board raised dividend 7% to $0.45/share; $1.5B buyback authorized; repurchased 1.41M shares for $150M in Q1.