Raymond James Financial Inc.RJF
▲ PositiveDemandrelevance
Record client assets and strong growth in fee-based accounts indicate robust demand for financial services.
Impact on stocks 1
Financials
Raymond James Financial Inc.Raymond James Financial reported that total client assets under administration reached a record $1.93 trillion in July 2026, up 17% year over year. Private Client Group assets under administration rose 17% to $1.86 trillion, with fee-based account assets up 21% to $1.16 trillion. Financial assets under management surged 30% to $344.6 billion, and net bank loans grew 13% to $56.3 billion. Domestic cash sweep and Enhanced Savings Program balances totaled $56.7 billion, up 3% from a year earlier but down 4% sequentially due to quarterly client fee billings. CEO Paul Shoukry said investment banking pipelines and client activity are robust, though the timing of closings remains uncertain.
Raymond James Financial Inc.Record client assets and strong growth in fee-based accounts indicate robust demand for financial services.