- Raymond James reported client assets under administration at $1.54 trillion in August 2024.
- Client assets under administration grew by 2% compared to the previous month.
- Financial assets under management increased to $240.9 billion, marking a 2.6% rise month-over-month.
- CEO Paul Reilly attributed the growth to strong advisor retention, recruiting results, and equity market appreciation.
- Year-over-year, client assets under administration grew by 19%, reaching a record high of $1.54 trillion.
- Clients’ domestic cash sweep balances increased to $42.2 billion, while Enhanced Savings Program balances rose to $14.1 billion, each up by 1% from the previous month.
- The investment banking pipeline remains robust, although the exact timing of deal closings is still uncertain.
- Current stock analyst recommendations include 7 buys and 12 holds, with no sells.
A look at Raymond James Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Raymond James Financial, Inc., a company that offers financial services globally, seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With a solid score of 4 in Growth and an impressive 5 in Resilience, the company appears well-positioned for future expansion and able to withstand market challenges effectively.
Despite having average scores of 3 in Value, Dividend, and Momentum, Raymond James Financial‘s overall outlook, considering the high Growth and Resilience scores, suggests a positive trajectory in the long run. As a provider of financial services in various regions, the company’s resilience and growth potential could be key factors in driving its success moving forward.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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