NYSE$RJF

Raymond James Financial Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Raymond James reported record quarterly net revenues and net income, driven by higher asset management fees, investment banking, and brokerage revenues. The company also saw growth in client assets and financial advisor numbers.

Raymond James Financial, Inc. reported record quarterly net revenues of $2.37 billion and net income of $355 million, or $2.51 per diluted share, for the fiscal second quarter ended March 31, 2021. The results were driven by higher asset management and related administrative fees, investment banking revenues and brokerage revenues. The company also reported record client assets under administration and a record number of financial advisors.

  • Record quarterly net revenues of $2.37 billion, up 15% year-over-year.
  • Record quarterly net income of $355 million, or $2.51 per diluted share, up 110% year-over-year.
  • Record client assets under administration of $1.09 trillion.
  • Record Private Client Group assets in fee-based accounts of $567.6 billion, up 48% year-over-year.

Headline financials

Total Revenue

$2.41B

Previous: $2.11B+14.1%
EPS (adj)

$1.67

Previous: $0.80+108.7%
Client AUA

$1.03T

Previous: $734B+40.3%
PCG Fee-Based AUA

$568B

Previous: $384B+48.0%
Capital Expenditures

-$62M

Previous: -$71M+12.7%
Free Cash Flow

$293M

Previous: $98M+199.0%
Net Income

$355M

Previous: $169M+110.1%
Operating Income

$2.19B

Previous: $1.72B+27.6%
Gross Profit

$2.4B

Previous: $1.99B+20.5%
Cash & Equivalents

$5.85B

Previous: $10.6B-45.1%
Total Assets

$56.1B

Previous: $49.8B+12.6%
Stock-Based Comp

$31M

Previous: $31M+0.0%

Revenue & EPS history

Raymond James · Revenue · Quarterly

$2.41B

Q2 2021+14.1%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Raymond James · $2.45B total across 4 segments · Q2 2021

  • Private Client Group
    $1.65B+10.2%
  • Capital Markets
    $433M+49.3%
  • Asset Management
    $209M+13.6%
  • Raymond James Bank
    $160M-23.8%

Forward guidance

Raymond James did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+3.1%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+10.2%

Q2 2016

Best reaction

-8.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.5%+0.8%-2.0%
Q1 2026+1.5%-1.3%-9.0%
Q4 2025-0.6%-3.8%-7.9%
Q3 2025-0.8%-1.3%+3.4%
Q2 2025+0.2%+2.7%+2.6%
Q1 2025-0.8%-4.3%-10.1%
Q4 2024+8.2%+8.8%+21.3%
Q3 2024+5.5%+3.3%+4.5%
Q2 2024-4.1%-3.1%-1.0%
Q1 2024+0.4%-1.0%+4.5%
Q4 2023+1.8%+0.9%+11.4%
Q3 2023-1.5%-0.0%-7.1%
Q2 2023-2.2%-1.8%+2.0%
Q1 2023-3.1%-4.5%-7.9%
Q4 2022+8.8%+12.8%+14.1%
Q3 2022+1.2%+4.7%+13.3%
Q2 2022+4.0%-1.6%-0.8%
Q1 2022+4.2%+9.4%+16.0%
Q4 2021-2.7%-2.7%-3.7%
Q3 2021+1.5%+1.1%+10.8%
Q2 2021+1.1%+1.0%+1.5%
Q1 2021+1.0%+3.8%+18.3%
Q4 2020-3.4%+0.3%+18.5%
Q3 2020-1.3%+2.0%+9.6%
Q2 2020-3.3%-8.3%+1.7%
Q1 2020-5.6%-7.3%+1.0%
Q4 2019+1.0%+2.0%+6.4%
Q3 2019-3.3%-4.7%-11.3%
Q2 2019+0.8%+2.3%-3.0%
Q1 2019+0.9%+2.0%+4.8%
Q4 2018-8.9%-12.1%-7.6%
Q3 2018-3.4%-5.7%-5.4%
Q2 2018+3.4%+3.3%+14.5%
Q1 2018-0.7%+0.4%-5.3%
Q4 2017-2.0%-1.6%-1.6%
Q3 2017-2.7%-2.1%-7.3%
Q2 2017-0.4%-0.3%-2.0%
Q1 2017+3.9%+1.8%+5.7%
Q4 2016+5.8%+2.7%+23.8%
Q3 2016+1.5%+2.2%+6.2%
Q2 2016+10.2%
Q1 2016-7.7%
Q4 2015+1.0%
Q3 2015-0.8%
Q2 2015+1.4%
Q1 2015+4.2%
Q4 2014+1.9%
Q3 2014+2.4%
Q2 2014-2.0%
Q1 2014-2.0%
Q4 2013+2.2%
Q3 2013-0.8%
Q2 2013-8.6%
Q1 2013+3.4%
Q4 2012+2.9%
Q3 2012-2.5%
Q2 2012+5.0%
Q1 2012+0.4%
Q4 2011-3.3%
Q3 2011-2.6%
Q2 2011-1.0%
Q1 2010+1.1%
Q1 2011+0.2%
Q2 2010+1.1%
Q4 2008+1.1%
Q4 2010+1.1%
Q4 2009-0.8%
Q3 2010-0.8%
Q3 2009-0.8%

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