RJF - Raymond James Financial: A Long Opportunity With Strong Diversification In Tough Environment
2024-02-06 02:19:59 ET
Summary
- Raymond James Financial gets hold rating from last year reaffirmed, after the recent earnings release, agreeing with the consensus from SA analysts and the quant system.
- Positive mentions are the analyst consensus on EPS growth in 2024, dividend growth, and growth in AUM and AUC/A.
- RJF has less than 20% exposure to commercial real estate, however, could be affected if the overall banking sector sees more headwinds on office loans.
- With the current share price high, the dividend yield is less than 2% and lower than key competitors.
Quick Overview
This article revisits a stock in the financials sector we covered twice last year, Raymond James Financial ( RJF ).
We recognized the potential of this under-covered stock last year and the results show we were right so far. Since our September article calling it a hold , the stock has gone up nearly +6%, and since our June article where we gave 5 reasons why it is a buy opportunity, it is now up +13%. ...
Raymond James Financial: A Long Opportunity With Strong Diversification In Tough Environment