RJF Stock Summary and Trading Ideas (Raymond James Finl | NYSE:RJF)

Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

Raymond James Finl trades on the NYSE stock market under the symbol RJF.

As of May 8, 2024, RJF stock price declined to $125.12 with 511,266 million shares trading.

RJF has a beta of 1.01, meaning it tends to be more sensitive to market movements. RJF has a correlation of 0.39 to the broad based SPY ETF.

RJF has a market cap of $25.94 billion. This is considered a Large Cap stock.

Last quarter Raymond James Finl reported $3 billion in Revenue and $2.31 earnings per share. This fell short of revenue expectation by $-22 million and met earnings estimates .

In the last 3 years, RJF stock traded as high as $131.19 and as low as $81.96.

The top ETF exchange traded funds that RJF belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

RJF has outperformed the market in the last year with a return of +47.1%, while the SPY ETF gained +27.0%. In the last 3 month period, RJF beat the market returning +13.1%, while SPY returned +4.2%. However, in the most recent 2 weeks RJF has underperformed the stock market by returning -1.6%, while SPY returned +2.3%.

RJF support price is $123.60 and resistance is $126.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RJF stock will trade within this expected range on the day.