Raymond James Financial, Inc. (NYSE:RJF) is expected to report fourth quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 1.33 per share.
Looking ahead, the full year income are expected at $ 5.64 per share on the revenues of $ 7862.57 million.
Previous Quarter Performance
Raymond James Financial, Inc. outlined income for the third quarter of $ 1.23 per share, from the revenue of $ 1,834.00 million. According to street consensus, RJF was expected to report 3Q20 income of $ 0.97 per share from revenue of $ 1840.00 million. The bottom line results beat street analysts by $ 0.26 or 26.80 percent, at the same time, top line results fell short of analysts by $ 6 million or 0.33 percent.
Stock Performance
Shares of Raymond James Financial, Inc. traded low $ -1.57 or -1.97 percent on Tuesday, reaching $ 78.24 with volume of 413.20 thousand shares. Raymond James Financial, Inc. has traded high as $ 79.97 and has cracked $ 78.16 on the downward trend
According to the previous trading day, closing price of $ 78.24, representing a 47.22 % increase from the 52 week low of $ 54.21 and a 22.1 % decrease over the 52 week high of $ 102.45.
The company has a market capital of $ 10.73 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 93.00 target price.
- On 9th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 89.00 target price.
Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. It operates in five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank, and Other. The PCG segment offers securities transaction services, including the sale of equities, mutual funds, fixed income products, and insurance products to individual clients; investment advisory, investment, and margin loan services; custodial, trading, research, and other support services; insurance and annuity products; diversification strategies and alternative investment products; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties.
