RJF - Raymond James: Staying Positive Considering Capital Allocation And Upcoming Results
2024-07-10 02:25:12 ET
Summary
- RJF has excess capital for M&A and dividends based on a comparison of its actual Tier 1 leverage ratio of 12.3% and the company's 10% target.
- RJF's Q3 FY 2024 results are expected to meet or exceed Wall Street's estimates, considering the positive read-throughs from recent operating data disclosures.
- I retain my Buy rating for Raymond James Financial after evaluating the company's future financial performance and capital allocation outlook.
Elevator Pitch
I rate Raymond James Financial ( RJF ) as a Buy. The focus of my previous write-up published on April 25, 2024 was the review of Raymond James Financial's Q2 FY 2024 (YE September 30, 2024) financial results....
Raymond James: Staying Positive Considering Capital Allocation And Upcoming Results