Skip to Content

Raymond James Financial Inc

RJF: XNYS (USA)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$923.00YpfmkNxmvrfln

Raymond James' Steady Wealth Management Business Will Continue to Power Earnings

Business Strategy and Outlook

Raymond James’s results in recent years outperformed many of its peers, as it has a relatively large and steady wealth management business, made multiple acquisitions in recent years, and booked higher net interest income as the U.S. federal funds rate rose. While we continue to expect fairly steady growth in the company’s revenue powered by its wealth management business, its revenue and earnings growth could underperform peers over the next several years. If we assume a soft landing to the U.S. economy, investment banks will experience a large bounce back in profits from depressed 2023 levels. Raymond James has less exposure to a rebound in investment banking activity with its capital markets business historically being less than 20% of revenue.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of RJF so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center