Raymond James Financial (RJF) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.90. The company posted revenue of $1358.00 million in the period, compared to analysts expectations of $1320.71 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Raymond James Financial opened for trading at $52.81 and hit $53.25 on the upside on Monday, eventually ending the session at $53.19, with a gain of 0.72% or 0.38 points. The heightened volatility saw the trading volume jump to 5,33,980 shares. Company has a market cap of $7,528 M.
In a different news, on Jun 7, 2016, Dennis W Zank (Chief Operating Officer) sold 15,000 shares at $56.54 per share price. According to the SEC, on May 31, 2016, Jeffrey A Dowdle (President, Asset Mgmt Group) sold 4,900 shares at $54.18 per share price. On Feb 12, 2016, Francis S Godbold (Vice Chairman) purchased 18,000 shares at $40.05 per share price, according to the Form-4 filing with the securities and exchange commission.
Raymond James Financial Inc. is a financial services company providing private client capital markets asset management banking and other services to individuals corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank and the Other Segment. Private Client Group offers securities transaction and financial planning services. Capital Markets consist of equity fixed income products and services. Asset Management offers investment advisory services for individual and institutional investment portfolios along with mutual funds. RJ Bank provides corporate SBL and residential loans as well as FDIC insured deposit accounts to clients of broker-dealer subsidiaries and to general public. Other Segment includes principal capital and private equity activities corporate overhead costs of Raymond James Financial such as interest cost on public debt and the acquisition and integration costs.