About Raymond James Financial, Inc. Common Stock (RJF)
Raymond James Financial is a diversified financial services company that provides a range of investment and wealth management solutions. The firm offers services such as financial planning, asset management, investment banking, and capital markets support, catering to both individual and institutional clients. Through its network of financial advisors and professionals, Raymond James aims to deliver personalized strategies and guidance, helping clients navigate their financial goals and market complexities. The company is also involved in various sectors including equity and fixed income, further solidifying its presence in the financial landscape. Read More
Shares of diversified bank holding company Merchants Bancorp (NASDAQCM:MBIN) fell 8.9% in the afternoon session after the company reported disappointing second-quarter 2025 earnings that fell significantly short of analyst expectations. The bank posted diluted earnings per share of $0.60, missing the consensus analyst estimate of $1.12. Net income for the quarter came in at $38.0 million, a significant drop from the $76.4 million earned in the same period a year earlier. The company attributed the decline primarily to a large increase in its provision for credit losses. This provision was linked to lower appraised values on multi-family properties and an ongoing investigation into borrower mortgage fraud. In response to the results, analysts at Raymond James lowered their price target on the stock, highlighting the earnings miss and increased net charge-offs.
Shares of accounting automation software maker Blackline (NASDAQ:BL)
jumped 3.3% in the morning session after Raymond James upgraded the stock from Market Perform to Outperform, setting a price target of $67.00. The investment firm cited several reasons for its optimistic outlook, including expectations for significant growth in the second half of 2025 and into 2026. Analysts highlighted the company's partnership with SAP, favorable pricing, strong enterprise deal momentum, and new opportunities in the public sector as key growth drivers. Adding to the positive news, BlackLine also announced the appointment of seasoned enterprise software executive Greg Hughes to its Board of Directors, a move that strengthened the board's strategic expertise.
Shares of materials and photonics company Coherent (NYSE:COHR) jumped 3.1% in the morning session after the company inaugurated a new $127 million high-tech manufacturing plant in Vietnam. The U.S.-based semiconductor materials and components firm opened its new facility in the Nhon Trach Industrial Park in Dong Nai province. This move marked a significant step in Coherent's global growth strategy and demonstrated increasing confidence in Vietnam's investment potential. The expansion underscored the company's efforts to scale its operations and meet growing demand. Adding to the positive sentiment, analysts noted strong earnings expectations for the company's upcoming report.
Shares of footwear and apparel conglomerate Deckers (NYSE:DECK)
jumped 11.6% in the afternoon session after the company reported better-than-expected fiscal first-quarter results, driven by strong sales from its Hoka and Ugg brands.
Shares of online marketplace Etsy (NASDAQ:ETSY)
jumped 3.1% in the morning session after the stock hit a new 52-week high of $66.21, fueled by strong recent performance and positive analyst updates. The e-commerce platform's stock had already seen a significant climb, rising 48% over the past couple of months and gaining over 8% in the past week alone.
Raymond James Financial posted record revenues but missed Q3 earnings estimates due to a legal reserve. Wealth management and asset growth remained strong despite the one-time charge. Shares showed stability, reflecting investor confidence in long-term prospects.
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.”
On Holding AG (NYSE:ONON) shares traded lower on Tuesday following a downgrade from Raymond James. The stock is bouncing back on Wednesday, but is still down about 2.5% for the week.
Shares of online fashion retailer Revolve (NASDAQ:RVLV)
jumped 3.3% in the morning session after Raymond James raised its price target on the stock and maintained an Outperform rating, citing a more favorable tariff environment.
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ST. PETERSBURG, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Raymond James recently welcomed financial advisor Robert Chanin to Raymond James & Associates (RJA) – the firm’s employee advisor channel – according to Gregg Stupinski, South Atlantic regional director for RJA.
The healthcare firm is facing renewed scrutiny over its earnings practices and competitive pressures in the pharmacy benefits sector, deepening investor concerns.
Space NK will remain a standalone subsidiary under its current leadership, with CEO Andy Lightfoot and his management team continuing to oversee operations.
