S&P 500 performance and equity market valuations (directly impacts $1.4T AUM and asset-based fee revenue)
Net new assets recruited from competitors and organic client flows (typically $40B-$60B annually)
Federal Reserve policy and short-term interest rates (affects $2B+ annual net interest income on client cash)
Investment banking transaction volumes in middle-market M&A and equity underwriting
moderate - Wealth management revenues are highly correlated with equity market levels (70% sensitivity to S&P 500 changes), but recurring fee model provides stability vs transactional brokers. Investment banking is cyclically sensitive to M&A volumes and CEO confidence. Asset gathering accelerates in strong economies as high-net-worth individuals generate more investable assets. However, diversified revenue streams and variable advisor compensation dampen earnings volatility compared to pure-play investment banks.
Highly positive sensitivity to rising short-term rates. Raymond James Bank holds $60B+ in client deposits and cash sweep balances, earning spread over Fed Funds rate. Each 25bp Fed Funds increase generates approximately $100M+ in incremental annual pre-tax income, with deposit betas historically 20-30% (clients accept low yields for liquidity). However, inverted yield curves (10Y-2Y spread compression) can pressure securities lending and fixed income trading revenues. Rising long-term rates also create valuation headwinds for the stock itself as financial services multiples compress.
Fee compression from robo-advisors and zero-commission platforms (Schwab, Fidelity) pressuring wealth management pricing power, though RJF's high-touch model serves ultra-high-net-worth clients less sensitive to fees
DOL fiduciary rule changes and regulatory scrutiny of advisor compensation models, potentially forcing shift from commission-based to fee-only structures
Technology disruption requiring continuous $200M+ annual capex investments in digital platforms to retain advisors and compete with wirehouses
value - Attracts investors seeking exposure to wealth management secular growth trends with downside protection from diversified revenue model and conservative balance sheet. Dividend yield of 1.5-2.0% appeals to income-focused investors. Stock trades at discount to wirehouses (Morgan Stanley, Goldman Sachs) due to lower brand recognition despite superior ROE and advisor retention metrics. Appeals to investors who believe independent advisor model will gain share from wirehouses over 5-10 year horizon.
Trend
+2.4% vs SMA 50 · -4.6% vs SMA 200
Momentum
Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2024 | $12.7B $12.7B–$12.7B | — | $9.52 | — | ±1% | High10 |
FY2025 | $14.0B $13.8B–$14.0B | ▲ +10.2% | $10.38 | ▲ +9.1% | ±3% | High10 |
FY2026(current) | $15.5B $15.4B–$15.6B | ▲ +11.2% | $11.90 | ▲ +14.6% | ±2% | High8 |
Dividend per payment — last 8 periods
New York, New York--(Newsfile Corp. - May 12, 2026) - WHY: Rosen Law Firm, a global investor rights…
founded in 1962 and a public company since 1983, raymond james is a florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management. the firm's stock is traded on the new york stock exchange (rjf). through its three broker/dealer subsidiaries, raymond james financial has approximately 6,600 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the united states, canada and overseas. total client assets are approximately $504 billion. raymond james has been recognized nationally for its community support and corporate philanthropy. the company has been ranked as one of the best in the country in customer service, as a great place to work and as a national leader in support of the arts.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
RJF◀ | $153.48 | -2.13% | $29.4B | 13.8 | +794.4% | 1341.8% | 1497 |
| $304.88 | -0.70% | $803.9B | 14.2 | +330.7% | 2039.3% | 1501 | |
| $326.42 | +1.59% | $620.8B | 27.9 | +1134.0% | 5014.5% | 1499 | |
| $499.81 | -1.09% | $439.9B | 28.5 | +1641.6% | 4564.7% | 1492 | |
| $50.78 | -1.48% | $358.7B | 11.6 | -45.1% | 1592.6% | 1500 | |
| $191.90 | +1.51% | $301.4B | 16.5 | +1147.7% | 1466.4% | 1523 | |
| $945.90 | +0.89% | $278.7B | 15.9 | -138.4% | 1373.0% | 1521 | |
| Sector avg | — | -0.20% | — | 18.3 | +695.0% | 2484.6% | 1505 |