Raymond James Posts Record Q3: $3.93B Revenue, $3.01 EPS, $1.92T Client Assets
RJF sits 21% above its 52-week low of $138.82.
Summary
Raymond James delivered record fiscal Q3 2026 results, with net revenues of $3.93 billion and diluted EPS of $3.01, both up sharply year-over-year. Client assets reached $1.92 trillion, and the firm repurchased $400 million in stock.
Key Events · Earnings and Guidance · RJF
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Record Revenue and Earnings
Net revenues of $3.93 billion, up 16% YoY; diluted EPS of $3.01, up 42% YoY; adjusted diluted EPS of $3.14.
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Client Assets Reach $1.92 Trillion
Total client assets under administration rose 17% YoY to $1.92 trillion, with PCG fee-based assets up 22% to $1.15 trillion.
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Strong Net New Asset Growth
Domestic Private Client Group net new assets of $21.7 billion, representing an annualized growth rate of 5.5%.
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Bank Segment Profit Surge
Bank pre-tax income jumped 67% YoY to $206 million, helped by a $26 million benefit for credit losses and record net loans of $56.2 billion.
Analysis · RJF · Finance
A standout quarter saw Raymond James set records across revenue, earnings, and client assets. Net revenues climbed 16% year-over-year to $3.93 billion, fueled by a 20% surge in asset management fees and a 37% jump in investment banking. Diluted EPS of $3.01 crushed the prior-year's $2.12 by 42%, while adjusted EPS reached $3.14. The Private Client Group attracted $21.7 billion in net new assets, lifting total client assets to $1.92 trillion. Fee-based assets hit a record $1.15 trillion, up 22% from last year. In the Bank segment, pre-tax income soared 67%, aided by a $26 million benefit for credit losses. The firm repurchased $400 million in stock at an average price of $152, leaving $1.1 billion under its buyback authorization. Capital ratios remain robust, with a Tier 1 leverage ratio of 11.7%. The results highlight broad-based momentum across wealth management, capital markets, and banking, and suggest the recently completed Clark Capital acquisition is already contributing meaningfully.
At the time of this filing, RJF was trading at $168.01 on NYSE in the Finance sector, with a market capitalization of approximately $32.7B. The 52-week trading range was $138.82 to $177.66. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.