Raymond James Hits All-Time High: Is RJF Stock Worth Betting on?

Zacks11-19

Raymond James RJF shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484925607?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Fc2U_MPNP8m6S7MvytHNIg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3485a80ca9f149b05be325eb24f7ab6b","is_english":true,"pubTime":"2024-11-19 21:09","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2484925607","market":"us","top_or_hot":-1,"title":"Raymond James Hits All-Time High: Is RJF Stock Worth Betting on?","media":"Zacks","content":"<div>\n<p>Raymond James RJF shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%...</p>\n\n<a href=\"https://finance.yahoo.com/news/raymond-james-hits-time-high-130900298.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Raymond James Hits All-Time High: Is RJF Stock Worth Betting on?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRaymond James Hits All-Time High: Is RJF Stock Worth Betting on?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 21:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/raymond-james-hits-time-high-130900298.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Raymond James RJF shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%...</p>\n\n<a href=\"https://finance.yahoo.com/news/raymond-james-hits-time-high-130900298.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051108.HKD","symbol_name":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/raymond-james-hits-time-high-130900298.html","article_id":"2484925607","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Fc2U_MPNP8m6S7MvytHNIg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3485a80ca9f149b05be325eb24f7ab6b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484925607","pubTimestamp":1732021740,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Raymond James RJF shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%, significantly outperforming the industry and the S&P 500 Index. It has also fared better than its peers – Morgan Stanley MS and Evercore EVR. Three-Months Price Performance. The primary reason for investors’ optimistic stance on Raymond James is the revival of the investment banking  business after more than two years. Clarity on several macroeconomic matters, the higher chances of the soft landing of the U.S. economy and interest rate cuts globally are driving deal-making activities.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","RJF":"瑞杰金融","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4127":"投资银行业与经纪业","BK4516":"特朗普概念","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","EVR":"Evercore","BK4588":"碎股","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0971096721.USD":"富达环球金融服务 A","LU1548497426.USD":"安联环球人工智能AT Acc","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓"},"translate_title":"雷蒙德·詹姆斯创下历史新高：RJF股票值得押注吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RJF":1,"EVR":1},"content_text":"Raymond James RJF shares touched an all-time high of $164.33 on Monday. The stock has soared 11.6% since the U.S. presidential election on Nov. 5.Over the past three months, RJF stock has jumped 41.4%, significantly outperforming the industry and the S&P 500 Index. It has also fared better than its peers – Morgan Stanley MS and Evercore EVR. Three-Months Price Performance \nImage Source: Zacks Investment Research\nThe primary reason for investors’ optimistic stance on Raymond James is the revival of the investment banking (IB) business after more than two years. Clarity on several macroeconomic matters, the higher chances of the soft landing of the U.S. economy and interest rate cuts globally are driving deal-making activities.\nIs More Upside Left for RJF Stock?\nFed Rate Cuts & Outcome of the U.S. Presidential Election: After two years of aggressive interest rate hikes, the Federal Reserve has begun cutting rates. In September, the central bank lowered the rates by jumbo 50 basis points (bps) and followed this up with a 25-bp cut on Nov. 7. With more rate cuts expected in the near term, deal-making activities are likely to get a boost as it becomes cheaper for the corporates to borrow money. Further, solid economic growth will offer support.Additionally, the incoming U.S. President Donald Trump’s administration is likely to be friendlier toward corporate consolidation as more leniency in approving merger deals is expected. Hence, this will drive a solid IB performance and benefit Raymond James. As global deal-making came to a grinding halt at the beginning of 2022, it weighed on RJF’s IB business. The company’s IB fees (in the Capital Markets segment) dipped 4% in fiscal 2022 and 41% in fiscal 2023. Nonetheless, the trend is reversing of late and in fiscal 2024, IB fees grew 7%. Likewise, MS and EVR are witnessing a steady rise in their IB fees. Raymond James will likely witness a solid improvement in IB fees in the upcoming period, driven by a healthy pipeline and active merger & acquisition (M&A) market. Strategic Acquisitions & Expansion: Raymond James has accomplished several opportunistic deals over the past years, which have helped expand into Europe and Canada. In fiscal 2023, the company acquired Canada-based Solus Trust Company Limited. In fiscal 2022, it acquired SumRidge Partners, TriState Capital Holdings and the U.K.-based Charles Stanley Group PLC. These deals, along with several past ones, have positioned RJF well for future growth. Management looks forward to actively growing through acquisitions to strengthen the Private Client Group and Asset Management segments. In May 2024, the company announced that it forayed into the lucrative private credit business through a partnership with Eldridge Industries.Impressive Capital Distributions: RJF has a track record of regularly raising dividends over the last decade. The last dividend hike of 7.1% was announced in November 2023. The company increased its dividend five times in the past five years, and its payout has grown 18.06% over the same time. RJF's payout ratio currently sits at 18% of earnings.In November 2023, the company authorized the repurchase of shares worth up to $1.5 billion, which replaced the previous authorization. As of Sept. 30, 2024, $645 million remained available under the buyback authorization. Given its robust capital position and lower dividend payout ratio compared with peers, Raymond James is expected to sustain efficient capital distributions.\nAnalyst Sentiments Bullish for RJF\nOver the past week, the Zacks Consensus Estimate for earnings of $10.83 and $11.53 per share for fiscal 2025 and fiscal 2026, respectively, has been revised upward.  Estimate Revision Trend \nImage Source: Zacks Investment Research\nFurther, the projected figures imply growth of 7.8% for fiscal 2025 and 6.5% for fiscal 2026. Earnings Estimates \nImage Source: Zacks Investment Research\nFind the latest earnings estimates and surprises on Zacks Earnings Calendar.\nFinal Words on Raymond James Stock\nRevival of the IB business, organic and inorganic growth efforts to diversify operations and a strong balance sheet will aid RJF’s financials. Also, the newly elected governmental administration is expected to lead to more leniency in approving M&As. Hence, the company is expected to keep benefiting.Thus, given the fundamental strength, optimistic analyst stance and favorable macroeconomic dynamics, RJF stock remains a lucrative bet for investors despite touching an all-year high.Raymond James currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMorgan Stanley (MS) : Free Stock Analysis Report\nRaymond James Financial, Inc. (RJF) : Free Stock Analysis Report\nEvercore Inc (EVR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484925607"}