Company Overview

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. Founded in 1962 and headquartered in St. Petersburg, Florida, the company has grown to become one of the largest independent financial services firms in the United States.

Raymond James Financial has a market cap or net worth of $33.21 billion as of September 3, 2025. The company trades on the New York Stock Exchange under the ticker symbol "RJF" and falls under the large-cap category.

Business Segments

Private Client Group (PCG)

PCG segment provides financial planning, investment advisory, and securities transaction services to clients through financial advisors. The wealth management franchise generates the bulk of its revenues and earnings through a vast network of nearly 8,800 independent and employee-affiliated advisors, who collectively manage over $1.5 trillion in client assets as of fiscal year-end 2024.

Capital Markets

The Capital Markets segment provides investment banking services, such as equity and debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. This segment also offers institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature.

Asset Management

The Asset Management segment provides asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping.

Banking Services

The Bank segment offers various types of loans, including securities-based, commercial and industrial, commercial real estate and construction, real estate investment trust, residential mortgage, and tax-exempt loans; insured deposit accounts; retail and corporate deposit; and liquidity management products and services.

Financial Performance

Fiscal Year 2024 Results

Raymond James delivered exceptional financial performance in fiscal 2024. 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%).

Key Financial Highlights for FY2024:

- In 2024, Raymond James Financial's revenue was $12.80 billion, an increase of 11.18% compared to the previous year's $11.51 billion. Earnings were $2.06 billion, an increase of 19.16%.

- 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.

Segment Performance

The Private Client Group and Asset Management segments generated record net revenues and pre-tax income for the fiscal year. The Private Client Group and Asset Management segments achieved record results, while Capital Markets showed significant improvement with investment banking revenues up 58% YoY.

Geographic Presence and Market Position

While Raymond James maintains a global footprint, the company derives over 90% of its revenue, and an even larger percentage of its operating income, from the United States. The firm has established a strong presence across North America and maintains operations in Canada and Europe.

Recent Developments

The company has made several strategic moves to strengthen its position in the market:

- Raymond James announced today the appointment of David Solganik as head of AI strategy. This newly created role demonstrates the firm's commitment to integrating artificial intelligence into its operations.

- In May, Raymond James Investment Banking and Eldridge Industries launched a joint private credit venture that will support transactions across key sectors.

- In 2024 Raymond James notched another impressive recruiting year, attracting and retaining talented financial advisors with a focus on aligned values.

Stock Performance and Market Metrics

Its market cap has increased by 39.89% in one year. The Raymond James Financial 52-week high stock price is 176.65, which is 0.8% above the current share price. The Raymond James Financial 52-week low stock price is 117.56, which is 32.9% below the current share price.

Raymond James Financial continues to demonstrate strong operational performance across all business segments, with particular strength in wealth management services and a growing presence in investment banking. The company's diversified business model and strong capital position make it well-positioned for continued growth in the evolving financial services landscape.