RJF - Raymond James: Still Bullish Considering In-Line Results And Positive Outlook

2024-04-25 16:34:58 ET

Summary

• Raymond James Financial's Q2 FY 2024 results met expectations, with revenue growing and normalized EPS growing by +9% YoY and +14% YoY, respectively.
• RJF's Q3 FY 2024 prospects are favorable based on an evaluation of its recruitment and asset growth metrics.
• A Buy rating for Raymond James Financial is maintained, taking into consideration its in-line second quarter earnings and positive outlook for Q3.

Elevator Pitch

I have a Buy investment rating for Raymond James Financial ( RJF ) stock.

With my prior August 29, 2023 update , I drew attention to the company's monthly operating metrics and the appointment of a new Head of Corporate Development. The current article analyzes RJF's most recent Q2 FY 2024 (YE September 30, 2024) financial performance....

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