Financial services firm Raymond James Financial (NYSE:RJF) will be reporting results this Wednesday afternoon. Here’s what investors should know.

Raymond James beat analysts’ revenue expectations last quarter, reporting revenues of $3.86 billion, up 13.4% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.

Is Raymond James a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Raymond James’s revenue to grow 14% year on year, improving from the 5.3% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Raymond James has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Raymond James’s peers in the investment banking & brokerage segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Goldman Sachs delivered year-on-year revenue growth of 39.5%, beating analysts’ expectations by 23.7%, and Morgan Stanley reported revenues up 27.1%, topping estimates by 8.7%. Goldman Sachs traded up 10.2% following the results while Morgan Stanley was down 4.1%.

Read our full analysis of Goldman Sachs’s results here and Morgan Stanley’s results here.

There has been positive sentiment among investors in the investment banking & brokerage segment, with share prices up 6.2% on average over the last month. Raymond James is up 7.5% during the same time and is heading into earnings with an average analyst price target of $182.67 (compared to the current share price of $168.34).

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