- Client assets under administration at Raymond James reached $1.54 trillion in October.
- Financial assets under management are reported at $241.1 billion.
- There was a 25% increase in client assets year-over-year.
- Compared to the previous month, client assets decreased by 2%, largely due to lower equity markets.
- The departure of a large independent branch negatively affected asset levels by the end of October.
- Despite this departure, Raymond James experienced strong recruiting and retention efforts.
- CEO Paul Reilly commented on the asset level changes and market conditions.
- The firm made 8 buy, 10 hold, and 1 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., a financial services provider operating globally, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With above-average ratings in Growth, Resilience, and Momentum, the company seems well-positioned for continued success in the future. A strong growth score indicates potential for expansion and increased market presence, while high scores in Resilience and Momentum suggest stability and positive market sentiment.
Although Raymond James Financial‘s Value and Dividend scores are not as high as some other factors, the overall picture painted by the Smart Scores points towards a company with solid growth prospects and a resilient business model. Investors may see Raymond James Financial as a potential opportunity for long-term growth and stability within the financial services industry.
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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