Raymond James FY26 Q3 net income climbs 42% to $595 million; net revenues rise 16% to $3.93 billion
RJF•CEO points to momentum into fiscal Q4
CEO Paul Shoukry cited momentum entering fiscal Q4 on strong advisor recruiting and investment banking pipelines.
Private Client Group growth and asset trends
Private Client Group net revenues increased 14% from a year earlier to USD 2.84 billion, while domestic net new assets totaled USD 21.7 billion.
Assets under administration rose 17% to USD 1.92 trillion.
Quarterly results improve on higher revenues
Raymond James posted fiscal Q3 net revenues of USD 3.93 billion, up 16% from a year earlier and 2% from the prior quarter.
Net income available to common shareholders climbed 42% from a year earlier to USD 595 million, lifting diluted EPS 42% to USD 3.01.
Adjusted net income (non-GAAP) rose to USD 620 million, or USD 3.14 per diluted share, excluding USD 25 million of acquisition-related expenses.
