Raymond James Financial, Inc. (RJF) announced an increase in its fourth-quarter profits, surpassing expectations set by market analysts. The firm reported a net income of $601 million, translating to an earnings per share (EPS) of $2.86. This marks a significant rise from the previous year's figures of $432 million in net income, or $2.02 per share.
When excluding special items, the company achieved an adjusted net income of $621 million, or $2.95 per share, during the same period. These results exceeded the consensus forecast of $2.41 per share, as per Thomson Reuters data, which typically omits special items in its estimates.
Additionally, Raymond James Financial witnessed a 13.4% growth in quarterly revenue, totalling $3.462 billion, compared to $3.053 billion from the prior year.
In summary, key financial highlights for Raymond James Financial, Inc. (GAAP) are as follows:
- Fourth Quarter Earnings: $601 million compared to $432 million in the previous year.
- EPS for Fourth Quarter: $2.86 versus $2.02 in the preceding year.
- Fourth Quarter Revenue: $3.462 billion against last year's $3.053 billion.
