Raymond James misses Q1 revenue, adj EPS analyst expectations, increases dividend by 8%

Raymond James Financial

28/01/2026 21:33

Overview

Diversified financial services firm's fiscal Q1 revenue missed analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company announced acquisition of Clark Capital and increased quarterly dividend by 8%

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

ASSET MANAGEMENT GROWTH - Record net revenues driven by a 15% increase in asset management and related administrative fees, attributed to market appreciation and net inflows

PRIVATE CLIENT GROUP ASSETS - Record assets under administration and fee-based accounts, with net new assets contributing to 8% annualized growth

CAPITAL MARKETS DECLINE - Decrease in revenues due to lower M&A and advisory revenues, with a strong pipeline remaining

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$3.74 bln
$3.92 bln (6 Analysts)
Q1 Adjusted EPS
Miss
$2.86
$2.87 (9 Analysts)
Q1 EPS
$2.79
Q1 Adjusted Net Income
Miss
$577 mln
$588.96 mln (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

Wall Street's median 12-month price target for Raymond James Financial Inc is $187.00, about 10.6% above its January 27 closing price of $169.02

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX5MPfz9

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)