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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. (NYSE:RJF) 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. (NYSE:RJF) is a diversified financial services company that offers wealth management, capital markets, asset management, banking, and other services to individuals, corporations, and institutions.

While we acknowledge the potential of RJF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RJF and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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