RJF - Bank Of America Is Bullish On Raymond James: 'Diversified Approach Shines Through' | Benzinga
In a sector where fluctuating rates often dictate profits, Raymond James Financial (NYSE: RJF) is showing some resilience, underpinned by a diversified profit model that's envied by many of its interest-rate dependent peers.
That's according to Bank of America Corp (NYSE: BAC) Global Securities, which is bullish on the stock.
The RJF Analyst: Mark McLaughlin initiated Raymond James at a Buy with a $122 price target.
The RJF Takeaways: Raymond James’ diversified approach shines through in McLaughlin's Monday note to investors. The analyst said Raymond James is showing organic growth while nurturing its high assets under custody target adviser base. It’s a strategy that beckons brokers who are veering away from the traditional wirehouses, seeking greater autonomy, but without compromising on the strength ...