With a market cap of $30.5 billion, Saint Petersburg, Florida-based Raymond James Financial, Inc. (RJF) is a diversified financial services firm offering wealth management, investment banking, asset management, and banking solutions to individuals, corporations, and institutions across the United States, Canada, and Europe.
The company is set to announce its fiscal Q4 2026 results after the market closes on Wednesday, Oct. 28. Ahead of this event, analysts forecast RJF to report an adjusted EPS of $3.30, an increase of 6.1% from $3.11 in the year-ago quarter. Adding to the optimism, the company has beaten analysts’ earnings estimates in each of the past four quarters, demonstrating a consistent track record of outperforming expectations.
Looking beyond the upcoming report, analysts anticipate another year of solid earnings growth. For fiscal 2026, analysts expect Raymond James Financial to post an adjusted EPS of $12.13, up 13.8% from $10.66 in fiscal 2025. In addition, adjusted EPS is anticipated to grow 17.2% year over year to $14.21 in fiscal 2027.
Raymond James Financial has struggled to keep pace with the broader market over the past year, with shares slipping 2% over the past 52 weeks. In contrast, the S&P 500 Index ($SPX) has climbed 17.3%, while the State Street Financial Select Sector SPDR ETF (XLF) has gained 4.1% over the same period,
Raymond James Financial has struggled to keep pace with the broader market over the past year, as early fiscal 2026 earnings weakness, interest-rate pressures, and acquisition-related expenses weighed on investor sentiment. The company’s ongoing expansion in asset management and capital markets has added to near-term costs, raising concerns about profitability even as it pursues long-term growth opportunities.
Adding to the pressure, shares of Raymond James Financial fell 3.3% on Sept. 22 as investors continued to retreat from financial stocks following the Federal Reserve’s interest rate hike of 25 basis points to 3.75%–4%, its first increase since 2023. The move intensified concerns about higher borrowing costs, weaker loan demand, and potential pressure on capital markets activity, creating another headwind for the financial services firm.
Analysts' consensus view on the stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 17 analysts covering the stock, five recommend "Strong Buy" and 12 "Holds." The average analyst price target for Raymond James Financial is $183.31, suggesting a potential upside of 16.9% from current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.