NYSE$RJF
Raymond James Financial Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Raymond James Financial reported record quarterly net revenues driven by higher asset management and investment banking revenues.
Raymond James Financial reported Q4 2020 results with record quarterly net revenues of $2.08 billion, up 3% year-over-year and 13% sequentially. Quarterly net income was $209 million, or $1.50 per diluted share. The company achieved record client assets under administration and financial assets under management.
- Record quarterly net revenues of $2.08 billion, up 3% over prior year’s fiscal fourth quarter and 13% over the preceding quarter
- Quarterly net income of $209 million, or $1.50 per diluted share, and adjusted quarterly net income of $249 million, or $1.78 per diluted share
- Record quarter-end for client assets under administration of $930.1 billion and financial assets under management of $153.1 billion
- Record 8,239 Private Client Group financial advisors, net increases of 228 over September 2019 and 84 over June 2020
Headline financials
Revenue & EPS history
Raymond James · Revenue · Quarterly
$2.08B
Revenue by segment
Raymond James · $2.15B total across 4 segments · Q4 2020
- Private Client Group$1.39B+0.9%64.9%
- Capital Markets$410M+35.8%19.1%
- Asset Management$184M+3.4%8.6%
- Raymond James Bank$161M-25.5%7.5%
Forward guidance
Raymond James is well positioned entering fiscal 2021, with strong capital ratios and quarter-end records for client assets and the number of Private Client Group financial advisors.
Tailwinds
- Financial advisor recruiting activity remains robust across all of our affiliation options
- Investment banking pipelines are strong
- Strong capital ratios
- Quarter-end records for client assets
- Record number of Private Client Group financial advisors
Headwinds
- High degree of economic uncertainty associated with the ongoing COVID-19 pandemic
- Continued headwinds from near-zero short-term interest rates
- Closings may be affected if economic conditions deteriorate.
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 Q4 2020
+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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