The strong EPS beat and record revenue, combined with robust asset growth and a $400M buyback, signal continued operational momentum. Monitor the fiscal Q4 for sustained fee-based asset inflows and investment banking pipeline conversion, as well as any impact from interest rate changes on the Bank segment's net interest margin.
Price Chart
Executive Summary
Raymond James Financial (RJF) reported strong Q3 2026 results with adjusted EPS of $3.14, beating consensus of $2.91 by 7.8%, and record quarterly net revenues of $3.93B, up 16% YoY. The beat was driven by record asset management fees and strong investment banking revenue, with the company also repurchasing $400M in stock during the quarter.
Key Financial Metrics
Key Facts
- Adjusted EPS of $3.14 beat consensus of $2.91 by 7.8%.
- Record quarterly net revenues of $3.93B, up 16% YoY.
- Net income available to common shareholders of $595M, or $3.01 per diluted share, up 42% YoY.
- Record client assets under administration of $1.92 trillion, up 17% YoY.
- Repurchased $400M of common stock at an average price of $152 per share.
- Record Private Client Group assets in fee-based accounts of $1.15 trillion, up 22% YoY.
- Investment banking revenues of $285M, up 40% YoY.
- Record net bank loans of $56.2B, up 13% YoY.
Financial Impact
EPS beat of $0.23 (7.8%) on consensus of $2.91; revenue beat of ~$20M (0.5%) on consensus of $3.91B.
Risk Factors
- Net interest margin declined 10 bps sequentially to 2.71%, signaling potential pressure from lower interest rates.
- Acquisition-related expenses of $25M (Clark Capital) may weigh on near-term margins.
- Forward-looking statements carry risks from market conditions and interest rate changes.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331747 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Press Release | $176.11 $158.76 | ▼ −9.85% | ▼ −9.34% | $158.21 (−10.16%) |
Jul 29, 2026 9w ago | Insider Cluster | $174.16 $176.69 | ▲ +1.45% | ▼ −3.57% | $158.21 (−9.16%) |
Jul 22, 2026 10w ago | Press Release | $166.14 $171.98 | ▲ +3.52% | ▲ +0.21% | $158.21 (−4.77%) |
Jun 24, 2026 14w ago | 8-K | $150.52 $166.14 | ▲ +10.38% | ▲ +9.85% | $158.21 (+5.11%) |
May 27, 2026 18w ago | 8-K | $145.26 $154.79 | ▲ +6.56% | ▲ +8.85% | $158.21 (+8.91%) |
May 13, 2026 20w ago | Press Release | $155.45 $154.40 | ▼ −0.68% | ▲ +0.18% | $158.21 (+1.77%) |
Apr 22, 2026 23w ago | 8-K | $153.10 $152.07 | ▼ −0.67% | ▼ −5.31% | $158.21 (+3.34%) |
Apr 22, 2026 23w ago | Press Release | $153.10 $152.07 | ▼ −0.67% | ▼ −5.31% | $158.21 (+3.34%) |
Mar 18, 2026 28w ago | Press Release | $142.86 $151.58 | ▲ +6.10% | ▼ −1.52% | $158.21 (+10.74%) |
US Market Status
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