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Raymond James Financial (RJF) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2026, Raymond James Financial, Inc. (RJF - Free Report) reported revenue of $4.27 billion, up 14.5% over the same period last year. EPS came in at $3.59, compared to $3.11 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $4.19 billion, representing a surprise of +1.99%. The company delivered an EPS surprise of +9.45%, with the consensus EPS estimate being $3.28.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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:
  • Total Interest-Earning Assets: $86.15 billion versus $85.79 billion estimated by two analysts on average.
  • Private Client Group assets in Fee-based Accounts: $1.16 billion compared to the $1.18 billion average estimate based on two analysts.
  • Net Interest Margin: 2.6% versus 2.7% estimated by two analysts on average.
  • Tier 1 Leverage Ratio: 12.1% versus 11.2% estimated by two analysts on average.
  • Net interest Income: $564 million compared to the $567.07 million average estimate based on three analysts. The reported number represents a change of +2.4% year over year.
  • Revenues- Asset management and related administrative fees: $2.31 billion versus $2.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.9% change.
  • Revenues- Interest income: $1.03 billion versus $1.03 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
  • Revenues- Investment banking: $370 million versus the three-analyst average estimate of $300.54 million. The reported number represents a year-over-year change of +17.1%.
  • Revenues- Other: $81 million compared to the $74.85 million average estimate based on three analysts. The reported number represents a change of +1.3% year over year.
  • Net Revenues- Total brokerage revenues: $614 million compared to the $648.76 million average estimate based on three analysts. The reported number represents a change of +1.3% year over year.
  • Revenues- Account and service fees: $333 million versus the three-analyst average estimate of $326.7 million. The reported number represents a year-over-year change of +12.1%.
  • Private Client Group- Total Brokerage Revenues: $498 million versus the two-analyst average estimate of $497.82 million. The reported number represents a year-over-year change of +7.1%.

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

Shares of Raymond James Financial have returned -1.1% over the past month versus the Zacks S&P 500 composite's -0.2% 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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