Previous close | 127.14 |
Open | 127.30 |
Bid | 127.40 x 1000 |
Ask | 127.00 x 1100 |
Day's range | 126.89 - 128.24 |
52-week range | 82.00 - 131.19 |
Volume | |
Avg. volume | 1,043,648 |
Market cap | 26.659B |
Beta (5Y monthly) | 1.04 |
PE ratio (TTM) | 15.98 |
EPS (TTM) | 7.98 |
Earnings date | 24 July 2024 - 29 July 2024 |
Forward dividend & yield | 1.80 (1.41%) |
Ex-dividend date | 28 Mar 2024 |
1y target est | 133.80 |
Raymond James on Wednesday posted a 11% rise in second-quarter adjusted profit, powered by strong performance in its capital markets business on the back of a rebound in mergers and acquisitions. After a two-year dry spell, global M&A activity bounced back this year, on expectations of potential interest rate cuts and a rally in the equity markets. Revenue in the capital markets unit jumped 6% to $321 million in the January-to-March quarter, driven by a rebound in investment banking, which increased to $171 million from $145 million in the year ago period.
Raymond James Financial (RJF) delivered earnings and revenue surprises of -0.43% and 0%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Comprehensive Analysis of RJF's Fiscal Second Quarter 2024 Performance