DailyIQ
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Sector:Financial ServicesAll sectors
Last updated 5 minutes ago

RJF·Raymond James Financial, Inc.

$.
-. (-.%)
After Hours
High
$171.52
Open
$170.00
Market Cap
33.25B
52W High
$177.66
Low
$167.33
P. Close
$168.11
P/E
15.49
52W Low
$138.82
Fwd P/E
12.04
DailyIQ Est.
$184.02
Technical Score (1D)
95
BUY
News Sentiment
79
BULLISH
The most recent analysis suggests RJF may be undervalued, with one view implying a 32 % discount based on Q1 growth and another indicating only a 3 % discount, creating uncertainty about the true valuation gap. Both assessments cite the firm’s 13.4 % year‑on‑year revenue rise to $3.86 billion and earnings‑per‑share beat, which underpin the upside narrative. The 110.6 % five‑year total return and intrinsic‑value estimate further support a potential upside, though earnings multiples appear near fair. JPMorgan’s lift of the price target to $175 from $168 signals confidence in RJF’s earnings trajectory, while Morgan Stanley’s upgrade to an equal‑weight rating and target of $174 reflects similar optimism. These upgrades suggest that the market may soon reprice the stock if the firm maintains its fee‑income base and growth momentum. Traders should monitor the upcoming earnings guidance for any shift in revenue or margin expectations, as well as macro‑economic data that could affect the financial services sector. Regulatory developments, such as changes to capital or fee‑structure rules, could also influence RJF’s valuation and should be watched closely. The combination of strong Q1 results, analyst upgrades, and valuation tension points to a potential rally in the next 1–10 trading days if the market absorbs the upside. However, the conflicting valuation estimates underscore the need to watch for confirmation from the next earnings release and any revisions to analyst forecasts.
Earnings Summary
Raymond James Financial, Inc. is a diversified financial services firm headquartered in Florida that delivers wealth management, investment banking, brokerage, and asset‑management solutions across North America and Europe, positioning it within the broader financial services sector and specifically the asset‑management industry. In the most recent reporting cycle, the company’s Q1 2026 revenue rose to $3.735 billion, up 9.7% from $3.403 billion in Q1 2025, while Q2 2026 revenue climbed 13.5% to $3.859 billion versus $3.398 billion in Q2 2025, reflecting a steady acceleration in fee‑income growth; EPS in Q1 2026 was $2.86, slightly below the $2.9034 consensus, whereas Q2 2026 EPS of $2.83 beat the $2.8031 estimate, and the firm had also beaten estimates in Q3 2025 and Q4 2024, achieving EPS of $3.11 and $2.93 versus forecasts of $2.82799 and $2.69298, respectively, indicating a 3‑of‑4 quarter earnings‑beat streak. Historically, Raymond James has maintained a consistent YoY revenue expansion, with double‑digit growth in each of the last two quarters and EPS growth exceeding 18% in Q1 2026 and nearly 30% in Q2 2026, underscoring a robust fee‑income base even as the firm occasionally misses guidance, as seen in Q1 2026; the pattern of revenue growth paired with occasional EPS misses suggests margin pressure may be a recurring theme. Recent analyst activity has highlighted valuation uncertainty, with JPMorgan and Morgan Stanley raising price targets to $175–$174 amid a 13.4% YoY revenue rise and earnings‑per‑share beat, while a whistleblower lawsuit dismissal reinforced confidence in regulatory compliance, and the SpaceX IPO mandate has been cited as a potential revenue driver; these developments suggest that market sentiment may pivot on the firm’s ability to sustain underwriting fees and navigate macro‑economic headwinds. Forward‑looking watch points for investors include monitoring the upcoming earnings guidance for any revisions to revenue or margin expectations, assessing the impact of the SpaceX mandate and Medicare compliance outcomes on fee income, and staying alert to regulatory changes that could affect capital or fee‑structure rules, as these factors will be key to understanding the firm’s near‑term earnings trajectory.}}

EPS

EstBeatMiss
$2.04$2.34$2.65$2.95$3.25Q1'25Q2'25Q3'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.91 - -
Q2'26$2.80$2.83+1.0%
Q1'26$2.90$2.86-1.5%
Q3'25$2.83$3.11+10.0%
Q2'25$2.36$2.18-7.5%
Q1'25$2.44$2.42-0.7%

Revenue

EstBeatMiss
$3.3B$3.5B$3.7B$3.9B$4.1BQ1'25Q2'25Q3'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$4.0B - -
Q2'26$3.9B$3.9B-1.2%
Q1'26$4.0B$3.7B-5.7%
Q3'25 - $3.7B -
Q2'25 - $3.4B -
Q1'25 - $3.4B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

RJF Stock Snapshot

RJF is currently trading at $168.12, giving Raymond James Financial, Inc. a market cap of 33.25B and a P/E ratio of 15.5. Today's range spans $167.33–$171.52, with shares opening at $170.00 and moving up $0.01 (0.0%) from the prior close. DailyIQ's technical score sits at 95/100 (BUY) with a news sentiment reading of 79/100.

Over the past year RJF has traded between $138.82 and $177.66 - the current price is +21.1% off the 52-week low and -5.4% from the high. 20 analysts cover the stock with a Hold consensus and a mean 12-month target of $182.67 (range $160.00–$205.00), implying upside of +8.7%.

The breakout geometry on RJF is constructive - price at $168.12 (in the upper portion of its 52-week range in $138.82–$177.66), scoring 95/100 (BUY) with bullish sentiment (79/100). (P/E: 15.5) At 33.25B in Financial Services market cap, technical breakouts through prior resistance at this capitalization tier tend to be better validated than in smaller-cap peers - institutional participation means that cleared levels attract follow-through buying rather than immediate fade behavior.

What makes RJF's BUY setup (95/100) particularly actionable at 33.25B in Financial Services capitalization is the scale-to-move ratio: large enough to feature on institutional mandates but not so large that the percentage upside is already compressed by index inertia. At $168.12 (in the upper portion of its 52-week range in $138.82–$177.66), with sentiment running bullish at 79/100, the setup rewards conviction-sized positioning more than it does speculative small bets.