Raymond James Financial Inc (RJF)
Financials · Investment Banking & Brokerage · US stock · S&P 500 component
$156.78
▼ -0.59 (0.37%)
Fair valueFair
$113 −28.0% to fair value
$56fair band $68–$158$169
Day's range
$155.63 – $159.57
52-week range
$137.85 – $182.11
About Raymond James Financial Inc
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, trading, asset management and banking services. Financial advisors affiliated with its private client group manage investments for individuals, families and institutions. Its capital markets business advises and trades for companies and investors, while its asset management arm runs investment strategies and Raymond James Bank lends to clients and supports the group.
Revenue comes from advisory fees and commissions on client assets, investment banking and brokerage fees, asset management fees and interest income from the bank. Revenue was $17.0 billion over the last twelve months, with growth of 12.1% a year across the last three years. The site holds no operating margin or leverage figure for the company at present. It pays a dividend with a yield of 1.4%. On the site's X-Ray Score it receives 48 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $137.85 – $182.11Volume 1,394,700Daily, split-adjusted
Vitals
Market cap$30.9B
52-week range$137.85 – $182.11
Volume (last day)1,394,700
P/E (TTM)13.7
EBIT / EV yield–
Free-cash-flow yield4.7%
Dividend yield1.4%
Revenue (TTM)$17.0B
Net income (TTM)$2.3B
Operating margin–
Return on capital–
Debt incl. leasesData missing
Cash & securities$10.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$113
Fair
−28.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $157
Undervalued < $68Fair $68 – $158Overvalued > $158
Excess-return (bank)
$85
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
39/100
Expensive against its sector on earnings and cash flow.
See the numbers →
Free-cash-flow yield4.7%
Fair value vs price0.7×
Growth
Fair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)12.1%
EPS growth (3y)13.8%
Growth consistency100%
Profitability
Weak
39/100
Earns lower returns on its capital than most peers.
See the numbers →
Financial health
n/a
–/100
Not enough data.
See the numbers →
Dividends
Fair
58/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.4%
Dividends vs free cash flow30%
Dividend growth14.5%
Quarterly results: last 6 quarters
+5.7%
Mar '25
+2.1%
Jun '25
+4.7%
Sep '25
+3.5%
Dec '25
+10.8%
Mar '26
+13.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.4B, diluted EPS $3.01.
Compare with peers
SCHW Schwab Charles Corp59 IBKR Interactive Brokers Gr...52 GS Goldman Sachs Group In...48 HOOD Robinhood Markets, Inc...44Other Investment Banking & Brokerage companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 1 Average · ● 3 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Valuation
Fair value vs priceBad
Profitability
Each check is graded against the company's sector, not a fixed number. Checklist score 45/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.3B | $13.0B | $14.9B | $15.9B |
| Operating income | $1.9B | $2.3B | $3.7B | – | – |
| Net income | $1.4B | $1.5B | $1.7B | $2.1B | $2.1B |
| Operating cash flow | $6.6B | $72M | −$3.5B | $2.2B | $2.4B |
| Operating margin | 19.6% | 20.6% | 28.1% | – | – |
| Free cash flow | $6.6B | −$19M | −$3.7B | $2.0B | $2.2B |
| Diluted EPS | $6.63 | $6.98 | $7.97 | $9.70 | $10.30 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
0 bullish · 4 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 158.1 | Bearish |
| EMA 10 | 158.0 | Bearish |
| SMA 20 | 158.8 | Bearish |
| EMA 20 | 160.0 | Bearish |
| SMA 50 | 168.4 | Bearish |
| EMA 50 | 164.0 | Bearish |
| SMA 100 | 164.4 | Bearish |
| EMA 100 | 163.7 | Bearish |
| SMA 200 | 159.6 | Bearish |
| EMA 200 | 161.1 | Bearish |
Oscillators (daily)
| RSI (14) | 37.08 | Neutral |
| MACD (12, 26) | -2.95 | Bearish |
| Momentum (12) | -0.44 | Bearish |
| Stochastic %K (14) | 32.88 | Neutral |
| Williams %R (14) | -67.12 | Neutral |
| CCI (20) | -73.57 | Neutral |
Pivot points (classic, last session)
S3 151.1 | S2 153.4 | S1 155.1 | Pivot 157.3 | R1 159.0 | R2 161.3 | R3 163.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.16 USD
Yield on today's price
1.38%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1 Oct 2026 | 0.5400 |
| 1 Jul 2026 | 0.5400 |
| 1 Apr 2026 | 0.5400 |
| 2 Jan 2026 | 0.5400 |
| 1 Oct 2025 | 0.5000 |
| 1 Jul 2025 | 0.5000 |
| 1 Apr 2025 | 0.5000 |
| 2 Jan 2025 | 0.5000 |
| 1 Oct 2024 | 0.4500 |
| 1 Jul 2024 | 0.4500 |
| 28 Mar 2024 | 0.4500 |
| 29 Dec 2023 | 0.4500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
RJF SEC filings
23 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
1 Sep 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
19 Aug 2026
8-KSEC EDGAR
Regulation FD disclosure
5 Aug 2026
10-QSEC EDGAR
Quarterly report
22 Jul 2026
8-KSEC EDGAR
Results of operations
24 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
27 May 2026
8-KSEC EDGAR
Regulation FD disclosure
20 May 2026
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.