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Raymond James Financial (RJF) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Raymond James Financial, Inc. (RJF - Free Report) reported $3.4 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 5.3%. EPS of $2.18 for the same period compares to $2.39 a year ago.

The reported revenue represents a surprise of +1.11% over the Zacks Consensus Estimate of $3.36 billion. With the consensus EPS estimate being $2.37, the EPS surprise was -8.02%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Raymond James Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Tier 1 Leverage Ratio: 13.1% versus 13.1% estimated by three analysts on average.
  • Private Client Group assets in Fee-based Accounts: $943.9 million versus the three-analyst average estimate of $903.47 million.
  • Net Interest Margin: 2.7% compared to the 2.8% average estimate based on two analysts.
  • Total Capital Ratio: 24.3% versus the two-analyst average estimate of 25%.
  • Net Revenues- Total brokerage revenues: $559 million versus $567.97 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change.
  • Revenues- Asset management and related administrative fees: $1.73 billion versus the five-analyst average estimate of $1.69 billion. The reported number represents a year-over-year change of +7.6%.
  • Revenues- Interest income: $990 million versus $980.41 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
  • Revenues- Other: $46 million versus $42.14 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.
  • Revenues- Account and service fees: $302 million compared to the $317.75 million average estimate based on five analysts. The reported number represents a change of -7.9% year over year.
  • Revenues- Investment banking: $212 million versus the five-analyst average estimate of $212.11 million. The reported number represents a year-over-year change of +15.9%.
  • Private Client Group- Total Brokerage Revenues: $420 million versus $421.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
  • Principal transactions: $128 million versus the three-analyst average estimate of $138.96 million. The reported number represents a year-over-year change of +10.3%.

View all Key Company Metrics for Raymond James Financial here>>>

Shares of Raymond James Financial have returned +6.5% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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