Raymond James Financial (RJF) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $0.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.75. The company posted revenue of $1311.50 million in the period, compared to analysts expectations of $1290.23 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Raymond James Financial. Raymond James Financial was Downgraded by Nomura to ” Neutral” on Jan 25, 2016.
Raymond James Financial (RJF) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $47.53 and reached the intraday high at $47.7. The bulls started the profit booking and pushed the shares to intraday low of $47.05. The trading session was marked by a volume range of 9,73,184 shares exchanging hands. The 52-week high of the shares is $61.82 and the 52-week low is $39.84. The market cap of the company stands at $6,729 M and there are 14,12,68,380 shares in public circulation.
In a different news, on Feb 12, 2016, Francis S Godbold (Vice Chairman) purchased 18,000 shares at $40.05 per share price. According to the SEC, on Feb 8, 2016, Benjamin Esty (director) purchased 1,000 shares at $42.18 per share price. On Dec 16, 2015, Steven M Raney (President & CEO RJBank) sold 5,000 shares at $55.89 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.