Raymond James Financial Future Growth

Future criteria checks 1/6

Raymond James Financial is forecast to grow earnings and revenue by 5.3% and 5.2% per annum respectively. EPS is expected to grow by 5.9% per annum. Return on equity is forecast to be 15.8% in 3 years.

Key information

5.3%

Earnings growth rate

5.9%

EPS growth rate

Capital Markets earnings growth	12.6%
Revenue growth rate	5.2%
Future return on equity	15.8%
Analyst coverage	Good
Last updated	25 Apr 2025

Recent future growth updates

Recent updates

Money Talks At Raymond James, A Firm That Grew Earnings While Reducing Debt

May 06

Raymond James: Anticipating Slower Growth And More Active Cash Management (Rating Downgrade)

Apr 21

Investors Aren't Buying Raymond James Financial, Inc.'s (NYSE:RJF) Earnings

Feb 21

With EPS Growth And More, Raymond James Financial (NYSE:RJF) Makes An Interesting Case

Jan 01

Raymond James Financial (NYSE:RJF) Is Paying Out A Larger Dividend Than Last Year

Dec 10

Raymond James: Fully Priced As Investors Dollars Pour Into U.S. Stocks

Nov 29

Raymond James Financial, Inc. (NYSE:RJF) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Nov 12

Benign Growth For Raymond James Financial, Inc. (NYSE:RJF) Underpins Its Share Price

Sep 26

Raymond James: Undervalued Opportunity To Buy Profitable Asset Manager And Wealth Advisor

Sep 10

If EPS Growth Is Important To You, Raymond James Financial (NYSE:RJF) Presents An Opportunity

Aug 02

Raymond James: Ignore Schwab Earnings, Bank Is Solid

Jul 29

Raymond James: Staying Positive Considering Capital Allocation And Upcoming Results

Jul 10

Benign Growth For Raymond James Financial, Inc. (NYSE:RJF) Underpins Its Share Price

Jun 19

Raymond James: Still Bullish Considering In-Line Results And Positive Outlook

Apr 25

Raymond James Financial: A Long Opportunity With Strong Diversification In Tough Environment

Feb 06

Raymond James: Definitely A Decent Showing, YoY Growth If Not For SEC Lawsuits

Dec 01

Raymond James: Fortified Its Balance Sheet Amid Market Turbulence For Sustained Growth

Oct 01

Raymond James Downgraded To Hold, An Overvalued But Strong Earner

Sep 13

Raymond James: Short-Term And Long-Term Prospects Are Favorable (Rating Upgrade)

Aug 29

Earnings and Revenue Growth Forecasts

NYSE:RJF - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2027	15,423	2,361	N/A	N/A	6
9/30/2026	14,400	2,188	N/A	N/A	13
9/30/2025	13,820	2,110	N/A	N/A	11
3/31/2025	13,567	2,180	1,975	2,168	N/A
12/31/2024	13,239	2,161	2,246	2,442	N/A
9/30/2024	12,797	2,059	1,950	2,155	N/A
6/30/2024	12,317	1,890	1,873	2,079	N/A
3/31/2024	11,963	1,768	977	1,180	N/A
12/31/2023	11,742	1,719	-31	165	N/A
9/30/2023	11,510	1,728	-3,687	-3,514	N/A
6/30/2023	11,247	1,733	-8,591	-8,446	N/A
3/31/2023	11,036	1,663	-2,636	-2,518	N/A
12/31/2022	10,836	1,563	-876	-777	N/A
9/30/2022	10,827	1,502	-19	72	N/A
6/30/2022	10,856	1,494	9,029	9,072	N/A
3/31/2022	10,693	1,503	4,687	4,741	N/A
12/31/2021	10,372	1,535	2,371	2,439	N/A
9/30/2021	9,813	1,401	6,573	6,647	N/A
6/30/2021	9,110	1,182	3,418	3,544	N/A
3/31/2021	8,383	1,047	1,732	1,847	N/A
12/31/2020	7,969	861	5,316	5,429	N/A
9/30/2020	7,757	817	3,949	4,073	N/A
6/30/2020	7,716	872	3,200	3,333	N/A
3/31/2020	7,884	958	3,350	3,500	N/A
12/31/2019	7,826	1,050	751	898	N/A
9/30/2019	7,693	1,032	439	577	N/A
6/30/2019	7,586	1,031	419	559	N/A
3/31/2019	7,463	1,005	175	298	N/A
12/31/2018	7,399	986	N/A	687	N/A
9/30/2018	7,236	856	N/A	884	N/A
6/30/2018	7,041	786	N/A	202	N/A
3/31/2018	6,854	737	N/A	877	N/A
12/31/2017	6,618	608	N/A	921	N/A
9/30/2017	6,378	635	N/A	-125	N/A
6/30/2017	6,128	613	N/A	795	N/A
3/31/2017	5,853	555	N/A	519	N/A
12/31/2016	5,611	568	N/A	-14	N/A
9/30/2016	5,380	528	N/A	-573	N/A
6/30/2016	5,244	486	N/A	394	N/A
3/31/2016	5,214	493	N/A	461	N/A
12/31/2015	5,171	481	N/A	908	N/A
9/30/2015	5,160	501	N/A	899	N/A
6/30/2015	5,113	507	N/A	521	N/A
3/31/2015	5,001	497	N/A	755	N/A
12/31/2014	4,908	487	N/A	731	N/A
9/30/2014	4,842	477	N/A	508	N/A
6/30/2014	4,695	458	N/A	698	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RJF's forecast earnings growth (5.3% per year) is above the savings rate (2.8%).

Earnings vs Market: RJF's earnings (5.3% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: RJF's earnings are forecast to grow, but not significantly.

Revenue vs Market: RJF's revenue (5.2% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: RJF's revenue (5.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RJF's Return on Equity is forecast to be low in 3 years time (15.8%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/09 21:27
End of Day Share Price	2025/05/09 00:00
Earnings	2025/03/31
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Raymond James Financial, Inc. is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Heal	Argus Research Company
Mark McLaughlin	BofA Global Research
Craig Siegenthaler	BofA Global Research

Raymond James Financial Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 9.2% to US$158

Price target increased by 7.7% to US$167

Price target increased by 8.1% to US$145

Price target increased by 7.9% to US$143

Recent updates

Now 20% undervalued after recent price drop

Money Talks At Raymond James, A Firm That Grew Earnings While Reducing Debt

New minor risk - Insider selling

Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations

Raymond James: Anticipating Slower Growth And More Active Cash Management (Rating Downgrade)

Raymond James Financial, Inc. Announces Executive Changes

Price target decreased by 9.2% to US$158

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.50 per share

First quarter dividend of US$0.50 announced

Raymond James Financial Declares Quarterly Dividends on Common Stock, Payable on April 15, 2025

Investors Aren't Buying Raymond James Financial, Inc.'s (NYSE:RJF) Earnings

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.7% to US$167

With EPS Growth And More, Raymond James Financial (NYSE:RJF) Makes An Interesting Case

Upcoming dividend of US$0.50 per share

Chairman & CEO exercised options and sold US$1.7m worth of stock

President of Private Client Group recently sold US$1.6m worth of stock

President of Private Client Group notifies of intention to sell stock

Raymond James Financial (NYSE:RJF) Is Paying Out A Larger Dividend Than Last Year

Raymond James Financial, Inc., Annual General Meeting, Feb 20, 2025

Fourth quarter dividend increased to US$0.50

Raymond James Financial Announces Chief Executive Officer Transition, Effective February 20, 2025

Chairman recently sold US$7.1m worth of stock

Raymond James Financial, Inc. (NYSE:RJF) announces an Equity Buyback for $1,500 million worth of its shares.

Chairman & CEO of Raymond James Bank notifies of intention to sell stock

Raymond James: Fully Priced As Investors Dollars Pour Into U.S. Stocks

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Raymond James Financial, Inc. (NYSE:RJF) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Price target increased by 8.1% to US$145

Price target increased by 7.9% to US$143

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Benign Growth For Raymond James Financial, Inc. (NYSE:RJF) Underpins Its Share Price

Raymond James Financial, Inc. to Report Q1, 2025 Results on Jan 29, 2025

Upcoming dividend of US$0.45 per share

Raymond James: Undervalued Opportunity To Buy Profitable Asset Manager And Wealth Advisor

Third quarter dividend of US$0.45 announced

Raymond James Financial, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on October 15, 2024

Insider recently sold US$3.4m worth of stock

Insider recently sold US$2.0m worth of stock

Insider notifies of intention to sell stock

If EPS Growth Is Important To You, Raymond James Financial (NYSE:RJF) Presents An Opportunity

Raymond James: Ignore Schwab Earnings, Bank Is Solid

Third quarter 2024 earnings: EPS exceeds analyst expectations

Now 22% undervalued after recent price drop

Raymond James: Staying Positive Considering Capital Allocation And Upcoming Results

Now 20% undervalued after recent price drop

Benign Growth For Raymond James Financial, Inc. (NYSE:RJF) Underpins Its Share Price

Raymond James Financial, Inc. to Report Q4, 2024 Results on Oct 23, 2024

Now 20% undervalued

Raymond James Financial, Inc. Announces Demise of Bob Dutkowsky, Board Member

Second quarter dividend of US$0.45 announced

Raymond James Financial Declares Quarterly Dividend on Common Stock, Payable on July 15, 2024

Raymond James Appoints Omer Masud as Head of Sponsor Finance Origination

Insider recently sold US$1.4m worth of stock

Insider notifies of intention to sell stock

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Raymond James: Still Bullish Considering In-Line Results And Positive Outlook

Raymond James Financial, Inc. to Report Q2, 2024 Results on Apr 24, 2024

Raymond James Financial, Inc. Announces Appointment of Chris Shaw as Co-Head of Its Canadian Investment Banking Unit

Upcoming dividend of US$0.45 per share

Raymond James Financial Announces Executive Changes

Raymond James Financial, Inc. Announces Executive Appointments

First quarter dividend of US$0.45 announced

Raymond James Financial, Inc. Declares Quarterly Cash Dividend, Payable April 15, 2024

Now 20% undervalued

Raymond James Financial: A Long Opportunity With Strong Diversification In Tough Environment

First quarter 2024 earnings: EPS exceeds analyst expectations

Raymond James Financial, Inc. to Report Q1, 2024 Results on Jan 24, 2024

Now 20% undervalued

Upcoming dividend of US$0.45 per share at 1.5% yield