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MarketScreener Homepage  >  Equities  >  Nyse  >  Raymond James Financial    RJF

RAYMOND JAMES FINANCIAL

(RJF)
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Raymond James Financial : reports October 2020 operating data

11/24/2020 | 04:19pm EST

November 24, 2020

FOR IMMEDIATE RELEASE

Media Contact: Steve Hollister, 727.567.2824

Investor Contact: Kristina Waugh, 727.567.7654

raymondjames.com/news-and-media/press-releases

RAYMOND JAMES FINANCIAL REPORTS OCTOBER 2020 OPERATING DATA

ST. PETERSBURG, Fla. - In an effort to provide timely information to investors about general trends in our major business segments, we are releasing selected operating data for October 2020. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Client assets under administration of $922.6 billion increased 8% over October 2019 and declined 1% compared to September 2020. Financial assets under management of $151.0 billion increased 4% over October 2019 and declined 1% compared to September 2020. The year-over-year growth of client assets was driven by equity market appreciation since October 2019 and the net addition of financial advisors in the Private Client Group. The decrease of client assets compared to September 2020 was primarily attributable to the decline in equity markets, with the S&P 500 Index down 3% compared to the prior month.

"Financial advisor recruiting activity is robust across our multiple affiliation options," said Chairman and CEO Paul Reilly. "Institutional fixed income activity continues to be strong and the M&A pipeline is healthy."

Net loans at Raymond James Bank of $21.6 billion increased 3% over October 2019 and 2% over September 2020.

Record clients' domestic cash sweep balances of $57.0 billion increased 53% over October 2019, and 3% over September 2020 despite quarterly fee billings in the month.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,200 financial advisors. Total client assets are $923 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF.

Additional information is available at www.raymondjames.com.

Raymond James Financial, Inc.

Selected Key Metrics

(Unaudited)

$ in billions

As of

% change from

October 31,

October 31,

September 30,

October 31,

September 30,

2020

2019

2020

2019

2020

Client assets under administration

$

922.6

$

853.9

$

930.1

8%

(1)%

Private Client Group assets under administration

$

874.7

$

813.3

$

883.3

8%

(1)%

Private Client Group assets in fee-based accounts

$

471.1

$

419.5

$

475.3

12%

(1)%

Financial assets under management

$

151.0

$

145.6

$

153.1

4%

(1)%

Raymond James Bank loans, net

$

21.6

$

21.0

$

21.2

3%

2%

Clients' domestic cash sweep balances

$

57.0

$

37.2

$

55.6

53%

3%

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Raymond James Financial Inc. published this content on 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 21:18:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2021 8 525 M - -
Net income 2021 951 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,0x
Yield 2021 1,52%
Capitalization 14 119 M 14 119 M -
Capi. / Sales 2021 1,66x
Capi. / Sales 2022 1,55x
Nbr of Employees 14 800
Free-Float 76,4%
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 108,32 $
Last Close Price 102,60 $
Spread / Highest target 26,2%
Spread / Average Target 5,57%
Spread / Lowest Target -22,0%
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Managers and Directors
NameTitle
Paul C. Reilly Chairman & Chief Executive Officer
John Congleton Carson President
Thomas R. Tremaine Chief Operations Officer & Executive VP
Paul M. Shoukry Chief Financial Officer & Treasurer
Vin Campagnoli Chief Information Officer
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