- Raymond James reported client assets under administration reached $1.60 trillion in November, marking a 3.6% increase from the previous month.
- Financial assets under management amounted to $251.7 billion, demonstrating a 4.4% increase month-over-month.
- Year-over-year, client assets under administration grew by 21%.
- The growth in assets was primarily driven by higher equity markets and modest net inflows in November.
- Net inflows for the first two months of the quarter were adversely affected by the departure of a large independent branch.
- According to Chair/CEO Paul Reilly, the record increase is attributed to favorable market conditions and client activity.
- The firm received 7 buy recommendations, 12 hold recommendations, and 0 sell recommendations.
A look at Raymond James Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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. is positioned favorably for long-term growth and stability based on the Smartkarma Smart Scores assessment. With a Growth score of 4 and Resilience and Momentum scores both at 5, the company shows strong potential for expansion and ability to withstand market fluctuations. Additionally, Raymond James Financial scores well in terms of providing value with a score of 3, indicating competitive pricing and strong fundamentals. While the Dividend score is at 2, suggesting room for improvement in returns to shareholders, the overall outlook remains positive for the company.
Raymond James Financial, Inc. operates as a financial services provider across the United States, Canada, and internationally through its investment firms. With a solid foundation and strong performance in growth, resilience, and momentum, the company is well-positioned to continue its expansion and navigate through market challenges successfully. Investors can consider Raymond James Financial as a promising long-term investment option based on its Smartkarma Smart Scores evaluation and widespread financial services offerings.
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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