Raymond James beats Wall Street revenue and profit expectations in Q1
Updated
Updated · The Globe and Mail · May 6
Raymond James beats Wall Street revenue and profit expectations in Q1
6 articles · Updated · The Globe and Mail · May 6
The firm reported $3.86 billion in revenue and adjusted EPS of $2.83, topping estimates of $3.77 billion and $2.76, with revenue up 13.4% year on year.
CEO Paul Shoukry credited strong adviser recruiting, high retention and Private Client Group net new assets, while improved capital markets activity and an investment banking pipeline also supported results.
Adjusted EBITDA was $735 million, operating margin held at 19.5%, and analysts focused on AI, technology spending and compensation trends as investors watch recruiting, acquisitions and rate-driven margin dynamics.
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