Raymond James Financial (RJF) Reports Record Client Assets of $1.87 Trillion

Raymond James Financial, Inc. (NYSE:RJF) is one of the 12 Undervalued Financial Stocks to Buy Now.

On May 20, 2026, Raymond James Financial, Inc. (NYSE:RJF) CEO Paul Shoukry said client assets under administration reached a record $1.87 trillion, up 22% year-over-year and 6% sequentially, driven mainly by higher equity markets and net asset inflows. Shoukry also said PCG fee-based assets increased 28% year-over-year and 7% from the prior month, while domestic cash sweep and Enhanced Savings Program balances of $55.6 billion were flat year-over-year and down 4% sequentially. Shoukry noted that investment banking pipelines and client activity remain strong, though deal closing timing is still uncertain.

Last month, Barclays raised the firm’s price target on Raymond James Financial, Inc. (NYSE:RJF) to $182 from $174 and maintained an Overweight rating on the shares. Barclays said expenses remain in focus after the company beat Q1 estimates.

On April 22, 2026, Raymond James Financial, Inc. (NYSE:RJF) reported Q2 adjusted EPS of $2.83, ahead of the consensus estimate of $2.76. Revenue totaled $3.86B, above the consensus estimate of $3.85B. CEO Paul Shoukry said the company generated record results for the first half of the fiscal year, supported by record PCG fee-based assets and 7% annualized net new asset growth. Shoukry also cited ongoing technology development, including increased AI integration, and said financial advisor recruiting remains robust while the investment banking pipeline is strong.

Raymond James Financial, Inc. (NYSE:RJF) provides private client group, capital markets, asset management, banking, and other financial services in the United States, Canada, and Europe.

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