Raymond James Q4 2026: EPS Beats Expectations on Record Recruiting
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Domestic Private Client Group net new assets hit $98 billion for the fiscal year, and that recruiting haul is what powered the earnings beat. Management enters fiscal 2027 with record client assets.
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Raymond James Financial posted adjusted earnings per share of $3.59 for the fiscal fourth quarter of 2026, beating expectations.
Domestic Private Client Group net new assets hit $98 billion for the full fiscal year, up 88% over fiscal 2025, on record financial advisor recruiting and strong retention.
The April acquisition of Clark Capital added $36 billion of financial assets under management at closing, and the firm enters fiscal 2027 with what management describes as a strong investment banking pipeline.
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Bank net interest margin compressed 11 basis points to 2.60%, and GAAP diluted EPS came in at $3.40 after acquisition-related charges tied to the Clark Capital deal.
CEO Paul Shoukry called the result the firm's sixth consecutive year of record annual revenues and earnings, with an adjusted return on tangible common equity of 23% for the year.
Management offered no quantitative guidance for fiscal 2027, pointing instead to record client asset levels and a strong deal pipeline heading into the new year.
Mentioned: RJF