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.
Humana Inc. (NYSE: HUM) announced a new $40 million investment, raising its total commitment to affordable housing to $90 million. This funding aims to enhance housing stability for vulnerable communities across the U.S., including states such as Arizona, Florida, and Texas. Humana's affordable housing program is designed to provide low-cost rental options, addressing health-related social needs, and ultimately reducing healthcare costs. The initiative focuses on three key areas: preventing homelessness, supporting individuals with significant health issues, and boosting community capacity. Humana’s collaboration with Raymond James Affordable Housing Investments aims to create a healthier living environment for many Americans.
Lisa Detanna, Managing Director at the Global Wealth Solutions Group of Raymond James, featured on Forbes' list of America’s Top Women Wealth Advisors. This recognition, released on February 2, 2023, acknowledges exceptional advisors based on qualitative and quantitative data, evaluating factors such as revenue trends and compliance records. The ranking is derived from over 38,000 nominations, with only 100 women recognized. Detanna brings over 30 years of experience in financial services, emphasizing wealth literacy through her Money Smarts program. Raymond James, a diversified financial services leader, manages approximately $1.17 trillion in client assets.
On March 3, 2023, Raymond James Financial (NYSE: RJF) announced its plan to redeem all 40,250 shares of its 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock on April 3, 2023. The redemption price will be $1,000.00 per share. This event coincides with the scheduled dividend payment, which will be issued separately to shareholders of record by March 15, 2023. The Series A Depositary Shares will also be redeemed in accordance with the procedures of The Depository Trust Company. Raymond James Financial has obtained all necessary approvals for this redemption.
On February 24, 2023, Raymond James Financial, Inc. (NYSE: RJF) announced a quarterly cash dividend of $0.42 per share, payable on April 17, 2023, to shareholders of record by April 3, 2023. Additionally, the Board declared dividends of $0.421875 for Series A Preferred Stock and $0.3984375 for Series B Preferred Stock, payable on April 3, 2023, to shareholders recorded by March 15, 2023. The company serves individuals, corporations, and municipalities with approximately 8,700 financial advisors and total client assets of $1.22 trillion.
Lisa Detanna, Managing Director at Raymond James & Associates, has been recognized in Barron’s list of the Top 1,200 Financial Advisors for 2022. This prestigious listing, published on March 11, 2022, evaluates advisors based on criteria such as assets under management, revenue, regulatory record, and quality of practice.
Detanna brings over 30 years of experience in financial services, focusing on high-net-worth clients and family offices. She is dedicated to enhancing family conversations about wealth management.
Raymond James, a leader in financial planning, has approximately $1.25 trillion in total client assets.
Raymond James Financial advisor Lisa Detanna has been recognized in Forbes' Best-In-State Wealth Advisors list, released on April 7, 2022. The ranking is based on qualitative and quantitative criteria, including revenue trends and assets under management. From 34,925 nominations, over 6,550 advisors were awarded, highlighting Detanna's expertise in managing high-net-worth clients and family offices. With a career spanning over 30 years, she emphasizes financial education and family discussions, co-authoring a children’s book about financial literacy. This achievement reflects the company’s commitment to client-focused financial services.
Raymond James Financial (NYSE: RJF) reported net revenues of $2.79 billion for the fiscal first quarter ended December 31, 2022, flat year-over-year, with a net income of $507 million ($2.30 per diluted share). The firm achieved record quarterly net income, marking a 14% increase compared to the prior year, primarily due to higher net interest income. The Domestic Private Client Group attracted $23.2 billion in net new assets, representing a 9.8% annualized growth rate. However, investment banking revenues dropped by 68% compared to the previous year. The company retains a strong capital position with a total capital ratio of 21.5%.
On December 1, 2022, Raymond James Financial (NYSE: RJF) declared a quarterly cash dividend of $0.42 per share, a 24% increase from the previous dividend of $0.34 per share. Shareholders of record on January 3, 2023, will receive the dividend on January 17, 2023. Additionally, the company authorized a $1.5 billion share repurchase program, replacing the prior $1 billion authorization, with approximately $800 million remaining. This repurchase may occur under various market conditions and has no fixed expiration date.
Raymond James Financial (NYSE: RJF) reported record fiscal fourth quarter net revenues of $2.83 billion, a 5% increase year-over-year, alongside quarterly net income of $437 million, or $1.98 per diluted share. Full fiscal year net revenues reached $11.0 billion, up 13%, while annual net income was $1.51 billion, or $6.98 per diluted share. The Private Client Group saw 9% net asset growth, with assets under administration totaling $1.09 trillion. Strong results were driven by higher interest rates despite declines in asset management fees and total brokerage revenues.
Raymond James has introduced its Private Wealth Advisor Program, designed to enhance training for financial advisors serving high-net-worth clients. The program offers an in-depth training experience, blending virtual and onsite sessions, focusing on the unique wealth management needs of affluent clients. The inaugural class will complete a rigorous six-month program this Fall, with plans for additional cohorts. This initiative is part of broader enhancements in Private Wealth Services, aimed at expanding offerings and growing a dedicated team of experts to better serve wealthy clients.