NYSE$RJF
Raymond James Financial Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Raymond James reported record net revenues and net income for Q3 2023.
Raymond James Financial, Inc. reported record net revenues of $2.91 billion and net income available to common shareholders of $369 million, or $1.71 per diluted share, for the fiscal third quarter ended June 30, 2023. The results were driven by higher net interest income and RJBDP fees from third-party banks, which were partially offset by elevated provisions for legal and regulatory matters.
- Record quarterly net revenues of $2.91 billion, up 7% over the prior year’s fiscal third quarter.
- Net income available to common shareholders of $369 million, or $1.71 per diluted share.
- Record client assets under administration of $1.28 trillion.
- Domestic Private Client Group net new assets of $14.4 billion for the fiscal third quarter, 5.4% annualized growth rate.
Headline financials
Revenue & EPS history
Raymond James · Revenue · Quarterly
$3.29B
Revenue by segment
Raymond James · $3.2B total across 4 segments · Q3 2023
- Private Client Group$2.18B+11.4%68.2%
- Raymond James Bank$514M+86.2%16.1%
- Capital Markets$276M-27.9%8.6%
- Asset Management$226M-0.9%7.1%
Forward guidance
While the investment banking pipeline remains healthy and new business activity is solid, the timing of closings is largely dependent on improving market conditions.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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