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....
Read the full article on Seeking Alpha
For further details see:
Raymond James: Still Bullish Considering In-Line Results And Positive Outlook