Raymond James (RJF) Reports Mixed Q1 Fiscal 2026 Results With Solid Revenue Growth

Raymond James Financial Inc. (NYSE:RJF) ranks among the biggest publicly traded asset managers. On January 28, Raymond James Financial Inc. (NYSE:RJF) reported mixed first-quarter fiscal 2026 results, with solid revenue growth offset by declining profits and margins across a number of major indicators. The company reported net revenues of $3.7 billion, a 6% rise year-over-year. Conversely, pre-tax income fell 3% from the same period last year, while net income available to common shareholders fell 6% year-over-year.

The Private Client Group, the company’s largest sector, reported solid results, with revenues of $2.77 billion, up 9% year-over-year. Asset Management also fared well, with revenues climbing 11% year-over-year to hit the $326 million mark.

Looking forward, Raymond James Financial Inc. expects $400-500 million in quarterly share buybacks and a 1% increase in fiscal Q2 asset management fees. Management continues a strategy centered around organic growth and prospective acquisitions, with an expected effective tax rate around 24-25% in fiscal 2026.

Raymond James Financial Inc. is a diversified financial services company that offers wealth management, capital markets, asset management, banking, and other services to individuals, corporations, and institutions.

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This article is originally published at Insider Monkey.