Latest news with #PaulShoukry
Globe and Mail
24-07-2025
- Business
- Globe and Mail
Raymond James Achieves 150 Consecutive Quarters of Profitability, Celebrating Nearly Four Decades of Resilient Growth
ST. PETERSBURG, Fla., July 24, 2025 (GLOBE NEWSWIRE) -- Raymond James has reached a rare and remarkable milestone: 150 consecutive quarters of profitability, a streak spanning nearly 38 years. Announced in the firm's fiscal third-quarter earnings, the achievement reflects Raymond James' enduring strength, guided by a clear set of values and the steady leadership of Chair Emeritus Tom James, Chair Paul Reilly and current CEO Paul Shoukry. Since 1987, the firm has successfully navigated some of the most challenging periods in financial history — from the Black Monday crash and the dot-com bubble to the 2008 global financial crisis and the COVID-19 pandemic. Over that time, Raymond James has grown its annual net income from $9.6 million to more than $2 billion, while client assets under administration have surpassed $1.5 trillion. 'When my father founded what would become Raymond James Financial in 1962, he built it on a simple but powerful idea: put clients first,' said Tom James. 'That philosophy has guided us through decades of change and challenge. I'm certain he never imagined the scale we've reached today, but his values remain at the heart of every decision we make. I'm deeply grateful to the thousands of professionals who've helped shape this firm's success.' What began as a small financial planning office in downtown St. Petersburg has grown into a global financial services firm with nearly 17,000 employees and 8,900 affiliated financial advisors across two continents. Today, Raymond James includes a thriving Private Client Group, an Asset Management division, a Capital Markets business, and two banks — Raymond James Bank and TriState Capital Bank. 'When I became CEO in 2010, I was fortunate to inherit a firm shaped by the vision and values of Tom and Bob James,' said Paul Reilly. 'They had already built the framework and culture that continue to define Raymond James today. My role was to carry forward their legacy — to uphold the principles they instilled and ensure they remained central to our growth. By staying true to our long-term strategy and putting people first, we've not only endured through market volatility, recessions, natural disasters and a global pandemic — we've continued to thrive.' The firm's success has been widely recognized, most recently by JD Power's Investor Satisfaction Survey, which cited Raymond James as the top wealth management firm for advised investor satisfaction and included top marks for trust and its people, products and services. 'The playbook Bob James introduced more than 60 years ago still works — because it's built on timeless values,' said CEO Paul Shoukry. 'Our people understand the culture, believe in it, and live it every day. It's an honor to lead such a committed and principled team.' About Raymond James Financial, Inc. Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.64 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at
Yahoo
23-05-2025
- Business
- Yahoo
Raymond James Announces Quarterly Dividend
On May 21, Raymond James Financial, Inc. (NYSE:RJF) announced a quarterly cash dividend of $0.50 per share, payable on July 15, 2025, to shareholders recorded as of July 1, 2025. The financial services giant's Q2 2025 net revenues reached $3.40 billion, up 9% year-over-year. For the first half of fiscal 2025, the company posted record net revenues of $6.94 billion and record pre-tax income of $1.42 billion. The dividend declaration signals management's confidence in the company's financial strength. When releasing its Q2 2025 earnings report back in April, CEO Paul Shoukry highlighted the firm's 'strong balance sheet, with capital well above regulatory requirements and corporate cash well in excess of our targets.' In addition to the dividends, Raymond James Financial maintains an aggressive share buyback program. It repurchased $250 million in Q2. Raymond James Financial, Inc. (NYSE:RJF) is a diversified financial services company. It provides wealth management, investment banking, asset management, and banking services, and targets individuals, businesses, municipalities, and institutional investors. The conglomerate manages total client assets of approximately $1.53 trillion. While we acknowledge the potential of Raymond James Financial, Inc. (NYSE:RJF) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RJF and that has 100x upside potential, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Raymond James reports April-end assets under administration $1.53T
'Client assets under administration increased 9% over the prior year period and were relatively flat compared to the preceding month,' said CEO Paul Shoukry. 'Clients' domestic cash sweep and Enhanced Savings Program balances of $55.6 billion declined 1% year-over-year and 4% sequentially. The decline in April in these balances reflects quarterly fee billings and seasonal tax payments. The timing of investment banking closings has been impacted by macroeconomic uncertainty, although our pipeline remains strong.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on RJF: Disclaimer & DisclosureReport an Issue Raymond James Financial Reports April 2025 Operating Data Raymond James price target raised to $136 from $126 at Morgan Stanley Raymond James price target lowered to $160 from $180 at Argus BofA downgrades Raymond James on slowing organic growth Raymond James downgraded to Neutral from Buy at BofA Sign in to access your portfolio
Business Insider
22-05-2025
- Business
- Business Insider
Raymond James reports April-end assets under administration $1.53T
'Client assets under administration increased 9% over the prior year period and were relatively flat compared to the preceding month,' said CEO Paul Shoukry. 'Clients' domestic cash sweep and Enhanced Savings Program balances of $55.6 billion declined 1% year-over-year and 4% sequentially. The decline in April in these balances reflects quarterly fee billings and seasonal tax payments. The timing of investment banking closings has been impacted by macroeconomic uncertainty, although our pipeline remains strong.' Confident Investing Starts Here:
Reuters
23-04-2025
- Business
- Reuters
Raymond James misses revenue estimates as tariff uncertainty hits investment banking
April 23 (Reuters) - Raymond James Financial (RJF.N), opens new tab missed estimates for second-quarter revenue as uncertainty around U.S. tariffs impacted its investment banking business, sending the wealth manager's shares down 2.5% after hours on Wednesday. Global dealmaking is under pressure and companies are taking a wait-and-see approach as the Trump administration's whiplash trade policies fuel economic uncertainty, recession fears and inflationary pressures. The St. Petersburg, Florida-based company reported Investment banking revenues of $216 million for the quarter, missing analysts' estimates of $251.1 million, according to data compiled by LSEG. "The investment banking pipeline remains robust, although the timing of closings has been impacted by the macroeconomic uncertainty associated with tariff negotiations," said CEO Paul Shoukry. Quarterly net revenue jumped 6% to about $2.49 billion in the firm's private client group segment, primarily driven by higher asset management fees and related administrative fees. Private client group is the company's biggest source of revenue. The unit provides specialized financial services such as wealth management to high-net-worth individuals, families, and businesses. Its total revenue of $3.40 billion also came in below estimates of $3.42 billion.
