Raymond James Financial stock slips 3.66% in rough market
Updated
Updated · MarketWatch · May 7
Raymond James Financial stock slips 3.66% in rough market
8 articles · Updated · MarketWatch · May 7
Shares closed at $153.53 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
The decline ended a three-day winning streak and left the stock 13.58% below its 52-week high of $177.66 reached on 23 September.
Raymond James underperformed peers including Bank of New York Mellon, T. Rowe Price and Ameriprise, while trading volume of 1.4 million matched and slightly exceeded its 50-day average.
With record earnings and major tech investments, why is Raymond James's stock falling faster than its rivals?
In a market rattled by global tensions, is the financial services industry facing a fundamental structural shift?
As AI reshapes finance, can Raymond James's new bot 'Raimond' give it a crucial edge in the market?