Raymond James FinancialNYSE: RJF

Is Raymond James Financial, Inc. (RJF) a strong choice for momentum investors? Let's take a closer look.

Strong business performance in investment banking, increased revenues, and better asset management balances have contributed to RJF's earnings for the fourth quarter of the fiscal year.

Raymond James Financial, Inc. (NYSE:RJF) will hold its Q4 2024 Earnings Conference Call on October 23, 2024, at 5:00 PM ET. Key participants from the company include Kristie Waugh, Paul Reilly, Butch Oorlog, and Paul Shoukry. The call will be recorded and can be accessed later on the company's Investor Relations website.

While the revenue and earnings per share (EPS) for Raymond James Financial (RJF) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Raymond James Financial, Inc. (RJF) reported quarterly earnings of $2.95 per share, which is higher than the Zacks Consensus Estimate of $2.44 per share. This is an increase compared to earnings of $2.13 per share from the same period last year.

Raymond James Financial, Inc. (NYSE: RJF) announced record net revenues of $3.46 billion and a net income of $601 million, which is $2.86 per diluted share, for the fourth quarter ending September 30, 2024. After excluding $25 million in acquisition-related expenses, the adjusted net income for common shareholders was $621 million, or $2.95 per diluted share.

In addition to looking at analysts' predictions for Raymond James Financial's (RJF) overall earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

RJF is in a good position for growth due to strong performance in its PCG segment and smart acquisitions. However, it faces challenges from unstable capital market conditions and rising costs.

Today, both Raymond James and Exane BNP Paribas reduced their price targets for Micron stock. While Raymond James still considers the stock a good buy, it has adjusted its forecast because of growth trends that are not as strong as anticipated.