Welcome to our dedicated page for Raymond James news (Ticker: RJF), a resource for investors and traders seeking the latest updates and insights on Raymond James stock.
Raymond James Financial reports developments across a diversified financial services business centered on wealth management, investment banking, asset management and capital markets. Company updates commonly cover Private Client Group results, client assets under administration, fee-based account activity, advisor recruiting and independent contractor channel leadership, alongside bank loans, cash sweep balances and capital returns.
Recurring news also includes quarterly earnings, monthly operating data, common-stock dividends, preferred-stock actions, advisor recognition within Raymond James & Associates, and technology initiatives such as the Rai digital AI operations agent. These items reflect the firm's mix of advisor-led wealth management, banking-related balance sheet activity and institutional financial services.
Veranex has acquired Medidee, a leading MedTech consultancy based in Switzerland. This acquisition enhances Veranex's capacity in regulatory affairs, clinical development, and quality assurance for MedTech firms globally. Medidee's established presence in Europe and expertise in navigating EU-MDR/IVDR regulations will significantly strengthen Veranex's service offerings. With a combined total of 24 locations worldwide, the partnership aims to facilitate streamlined product development and commercialization, driving growth in digital health and other key areas.
The Raymond James Financial Board of Directors declared a $0.34 quarterly cash dividend on common stock, payable on October 17, 2022, to shareholders on record as of October 3, 2022. Additionally, dividends of $0.421875 per depositary share for Series A Preferred Stock and $0.3984375 for Series B Preferred Stock were announced, both payable on October 3, 2022, to shareholders on record from September 15, 2022. Raymond James is a leading financial services company with total client assets of $1.19 trillion.
Raymond James Financial (NYSE: RJF) reported its selected operating data for July 2022, highlighting a 1% increase in client assets under administration to $1,189.3 billion compared to July 2021. Private Client Group assets also rose 1% to $1,131.8 billion. However, financial assets under management saw a 1% decrease to $192.4 billion. The decline in clients’ domestic cash sweep balances, down 4% from June, reflects quarterly fee payments. Despite subdued revenues in fixed income brokerage, the M&A pipeline remains robust.
Raymond James Financial (NYSE: RJF) reported fiscal third-quarter net revenues of $2.72 billion, a 10% increase year-over-year and 2% sequentially. Net income available to common shareholders was $299 million or $1.38 per diluted share, with adjusted net income at $348 million or $1.61 per diluted share. Private Client Group saw 9.4% asset growth over the past year, while assets under administration reached $1.13 trillion. Strong performance in net interest income and bank loans was countered by 3% declines in net income and brokerage revenues amidst challenging market conditions.
Raymond James Financial, Inc. (NYSE: RJF) announced a quarterly dividend of $0.421875 per depositary share of 6.75% Fixed-to-Floating Rate Series A Preferred Stock and $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Preferred Stock on June 1, 2022. The dividends are payable on July 1, 2022, to shareholders on record by June 15, 2022. This action reflects the company's ongoing commitment to shareholder value amidst its strong financial performance, with total client assets amounting to $1.18 trillion.
Raymond James Financial (NYSE: RJF) has finalized the acquisition of TriState Capital Holdings, Inc. Each TriState Capital share was exchanged for $6.00 in cash plus 0.25 shares of Raymond James, valuing the transaction at approximately $30.62 per share. TriState Capital will maintain its status as a separate chartered bank, continuing its private banking and lending services. The leadership teams emphasize shared values and the anticipated synergies stemming from this merger, which aims to enhance both firms’ service offerings and client experiences.
Raymond James Financial, Inc. (NYSE: RJF) reported selected operational metrics for April 2022, indicating continued strong advisor retention and recruitment. However, client assets decreased to $1,183.9 billion, down 6% from the previous month, influenced by equity market declines. The company noted healthy investment banking pipelines, but M&A and underwriting activities slowed due to geopolitical and macroeconomic uncertainties. Key metrics indicated a 23% increase in net bank loans and a 20% rise in cash sweep balances year-over-year.
On May 23, 2022, Raymond James Financial, Inc. (NYSE: RJF) announced a quarterly cash dividend of $0.34 per share. This dividend is scheduled for payment on July 15, 2022 to shareholders recorded on July 1, 2022. The company remains a prominent player in financial services with around 8,700 financial advisors and total client assets of $1.26 trillion. Raymond James has been publicly traded since 1983 and continues to provide diversified financial solutions.
Raymond James Financial (NYSE: RJF) reported fiscal second-quarter net revenues of $2.67 billion, a 13% increase year-over-year but a 4% decline sequentially. The net income was $323 million ($1.52 per diluted share) and $331 million adjusted. Notable achievements include 11% domestic net new asset growth and record Private Client Group assets in fee-based accounts of $678 billion. The bank reported record net loans of $27.9 billion, reflecting strong loan growth. However, investment banking revenue fell due to market uncertainties.
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