earnings
confidence high
sentiment positive
materiality 0.75
Raymond James Financial reports record Q2 net revenues of $3.12B, EPS $2.22; adjusted EPS $2.31
RAYMOND JAMES FINANCIAL INC
2024-Q2 EPS reported
$4.54
revenue$7,158,000,000
- Record quarterly net revenues of $3.12B, up 9% YoY; net income $474M ($2.22 diluted EPS), up 12% YoY.
- Adjusted net income $494M ($2.31 diluted EPS), excluding $26M acquisition expenses.
- Record client assets under administration $1.45T (+18% YoY); PCG fee-based assets $798.8B (+20% YoY).
- Capital Markets pre-tax loss of $17M despite 6% revenue growth; Bank NIM fell 97bps to 2.66%.
- Share repurchases totaled $400M fiscal year-to-date; $1.14B remaining under authorization.