BMO Capital has initiated coverage on Raymond James Financial Inc (RJF), assigning the company a Market Perform rating. This marks the firm's initial assessment of Raymond James's investment potential, based on thorough research and analysis of its business, industry dynamics, and growth prospects.
Headquartered in Saint Petersburg, Florida, Raymond James Financial is an investment holding company that provides a range of financial and investment services. The firm operates through several segments, including Private Client Group, Capital Markets, Asset Management, and Banking. With a workforce of approximately 19,000 employees, Raymond James has a market capitalization of $31.4 billion and a P/E ratio of 14.73. The company reported an earnings per share (EPS) of $10.33 and boasts a dividend yield of 126.8%.
Looking ahead, Raymond James is set to announce its next earnings on July 21, 2026, with an estimated EPS of $3.02 and revenue expectations of $4.0 billion. Analyst consensus indicates a mix of opinions, with 2 Strong Buy, 6 Buy, and 11 Hold ratings among 19 analysts, reflecting a consensus rating of Buy.
Analyst ratings and price targets serve as professional opinions derived from extensive research and financial modeling. While these insights can be informative, they are based on assumptions that may not always come to fruition. Investors are encouraged to consider various factors, including company fundamentals and industry trends, when making investment decisions. It is also important to note that analyst ratings can evolve as new information becomes available, leading to differing opinions on the same company.