Raymond James Stock Price, News & Analysis

Lisa Detanna, Managing Director and Private Wealth Advisor of Global Wealth Solutions Group of Raymond James, has been named to Forbes 2025 America's Top Wealth Advisors list. The recognition, announced on April 8th, is based on SHOOK Research's evaluation of advisors nationwide from June 2023 to June 2024.

Detanna, who joined Raymond James in 2011, brings over 30 years of financial services experience, specializing in serving family offices, multigenerational families, and high-net-worth clients. The selection process considered factors including industry experience, revenue trends, assets under management, compliance records, and client service best practices.

Out of approximately 48,944 nominations, only 250 advisors received this prestigious recognition, highlighting the exclusive nature of the award. The ranking process involved qualitative criteria through telephone and in-person due diligence interviews.

Raymond James has launched its proprietary AI Search technology, powered by generative artificial intelligence, to enhance service excellence. The system enables financial advisors and associates to interact with the firm's internal knowledge base using natural language queries, delivering precise information efficiently.

According to Stuart Feld, chief artificial intelligence officer, the technology is integrated into existing knowledge centers and focuses on three key pillars: data-driven client advice insights, enhanced service models, and secure applications. The system includes human checkpoints and a real-time feedback mechanism to ensure reliability.

Built in-house for greater transparency and flexibility, the AI Search technology is part of Raymond James' annual $975 million technology investment aimed at improving advisor-client relationships.

Raymond James (RJF) announces two key leadership appointments to enhance its asset management and practice management support for financial advisors. Doug Brigman will become president of Asset Management Services (AMS) effective October 1, 2025, succeeding Erik Fruland who is retiring after 34 years. Brigman, a company veteran since 2008, will lead the advancement of the firm's fee-based platform.

Additionally, Michelle Lynch has been appointed as senior vice president of Practice Management and Growth Consulting, effective May 5, 2025. In this newly created role, Lynch will oversee support for advisors' business lifecycle, from practice building through succession planning. Lynch, who joined the firm in 2004, currently serves as Tampa Bay complex manager overseeing nearly 20 Raymond James branches.

Raymond James Financial (NYSE: RJF) has announced its quarterly dividend distributions. The company's Board of Directors declared a quarterly cash dividend of $0.50 per share on common stock, which will be paid on April 15, 2025, to shareholders of record as of April 1, 2025.

Additionally, the Board declared a quarterly dividend of $0.3984375 per depositary share for its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB). This preferred stock dividend will be payable on April 1, 2025, to shareholders of record on March 14, 2025.

Lisa Detanna, Managing Director and Private Wealth Advisor of Global Wealth Solutions Group of Raymond James in Beverly Hills, has been named to Forbes' 2025 List of America's Top Women Wealth Advisors. The recognition, announced on February 11th, was determined through SHOOK Research's algorithm evaluating qualitative insights and quantitative factors.

With over 30 years of experience in financial services, Detanna joined Raymond James in 2011 and specializes in serving family offices, multigenerational families, and high-net-worth clients. The selection process considered factors including revenue trends, assets under management, compliance records, and industry experience, with candidates requiring a minimum of seven years of experience.

The ranking process evaluated 48,220 nominations, with 100 women being selected. The assessment period covered September 30, 2023, to September 30, 2024.

TriState Capital Bank's Equipment Finance division has achieved significant recognition by securing a spot at No. 46 in the Monitor Daily's 'Monitor Bank 50' listing for 2024. This milestone follows their impressive 59.1% year-over-year growth in equipment finance total assets, reaching $551.2 million in 2023, up from $346.5 million in 2022.

The division added $221.1 million in new business in 2023, marking their fifth consecutive year on the Monitor 100. Under the leadership of Tim Moriarity, Executive Vice President, the division has expanded significantly since its 2018 establishment, growing from $18.1 million to $551 million in assets.

Operating primarily in the Northeast and Midwest regions, with focus areas including Pittsburgh, Philadelphia, New York City, Cleveland, and North Jersey, the division specializes in financing essential-use equipment for transportation, manufacturing, and construction sectors. Despite challenging market conditions with rising interest rates and tighter margins, the team maintains its commitment to providing competitive leasing and loan options.

Raymond James Financial (RJF) reported strong fiscal Q1 2025 results with record quarterly net revenues of $3.54 billion, up 17% year-over-year and 2% sequentially. Net income available to common shareholders reached $599 million, or $2.86 per diluted share. Adjusted net income was $614 million, or $2.93 per diluted share.

Client assets under administration grew to $1.56 trillion, with record Private Client Group fee-based assets of $876.6 billion, up 17% from December 2023. The company generated $14.0 billion in domestic net new assets, representing a 4.0% annualized growth rate. The board increased the quarterly dividend by 11% to $0.50 per share and authorized a $1.5 billion share repurchase program.

Raymond James Financial (NYSE: RJF) announced significant shareholder returns initiatives on December 3, 2024. The company increased its quarterly cash dividend by 11.1% to $0.50 per share from $0.45, payable January 16, 2025, to shareholders of record on January 2, 2025.

The Board also declared a quarterly dividend of $0.3984375 per depositary share for its Series B Preferred Stock and authorized a new $1.5 billion share repurchase program. This replaces the previous authorization from November 30, 2023, which had approximately $644 million remaining. The new repurchase program has no fixed expiration date and allows for purchases through various methods at the company's discretion.

Raymond James Financial reported record financial results for fiscal 2024, with annual net revenues reaching $12.82 billion (up 10%) and net income available to common shareholders of $2.06 billion (up 19%). The fourth quarter saw record net revenues of $3.46 billion and net income of $601 million ($2.86 per diluted share). Client assets under administration reached a record $1.57 trillion, with Private Client Group assets in fee-based accounts at $875.2 billion. The company maintained strong capital ratios and returned approximately $1.3 billion to shareholders through share repurchases and dividends in fiscal 2024.