RJF

Member Firms Reelect Scott Curtis as Large Firm Governor and Elect Jay Gettenberg as Small Firm Governor WASHINGTON, July 17, 2026--(BUSINESS WIRE)--FINRA announced today the results of its Board of Governors elections during its annual meeting of member firms on Monday. The elected Governors include: Large Firm Governor — Scott Curtis, Chief Operating Officer, Raymond James Financial Small Firm Governor — Jay Gettenberg, CEO and FinOp, ACI Capital Markets, LLC Curtis has been the Chief Operating Officer of Raymond James Financial since 2024, where he leads the firm's institutional investment management and advisory solutions segments, corporate marketing, and strategic initiatives. Prior to that, he served as President of Raymond James' Private Client Group since 2018. He has served the firm in senior leadership roles since 2003. Curtis earned his M.B.A. from the Ross School of Business at the University of Michigan and received a B.A. in Economics and English from Denison University. He has served as FINRA Board Chair since February 2025 and was reelected in that role at last month’s Board meeting. Gettenberg is Managing Partner and CEO of ACI, a provider of Financial and Operations Principals (FinOp) licensing and regulatory financial reporting for broker-dealers. He also serves as CEO and FinOp of ACI Capital Markets, ACI's affiliated FINRA member broker-dealer. In his current role, he supervises a team of 38 full-time professionals, including more than 20 licensed FinOps. He previously served on FINRA's District 10 Committee and the FINRA Small Firm Advisory Committee. He is filling the Small Firm Governor seat vacated by Wendy Lanton, Chief Operations/Compliance Officer at Herold & Lantern Investments, Inc. "I am pleased to welcome Jay Gettenberg to the FINRA Board. Robust representation from small firms is essential in carrying out FINRA’s mission as a self-regulatory organization, and Jay brings invaluable firsthand knowledge of the challenges and opportunities faced by this vital segment of our membership," said FINRA Board Chair Scott Curtis. "I also extend a heartfelt thank you to Wendy Lanton for her thoughtful insights and leadership during her tenure on the Board." "As a small-firm leader with deep expertise in financial operations and regulatory reporting, Jay Gettenberg brings a valuable perspective to FINRA's Board, and I congratulate him on...

Morgan Stanley reported a record $148 billion in net new assets, a 150% increase from the same period a year ago.

Wall Street expects a year-over-year increase in earnings on higher revenues when Raymond James Financial, Inc. (RJF) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 22. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $2.91 per share in its upcoming report, which represents a year-over-year change of +33.5%. Revenues are expected to be $3.86 billion, up 13.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.46% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Raymond James Financial (RJF) has drawn fresh interest after a quarterly report showing US$3.86b in revenue, 13.4% year on year growth, with earnings per share also rising and sector peers posting mixed results. See our latest analysis for Raymond James Financial. Beyond the earnings beat, Raymond James Financial’s share price has picked up momentum, with a 30-day share price return of 11.46% and a 90-day share price return of 15.41%, while the 5-year total shareholder return of 106.22% points to strong longer term compounding. If strong results at Raymond James Financial have you looking across financials and adjacent sectors, this could be a useful moment to broaden your search with the 18 top founder-led companies Raymond James Financial’s recent jump, backed by solid quarterly numbers, shows a business that looks strong on the surface. The real test now is whether that strength is already fully reflected in today’s share price. Compared with the last close at $168.72, the most followed narrative for Raymond James Financial points to a fair value of about $174.42, using an 8.16% discount rate to weigh those future cash flows. Read the complete narrative. Want to see what is sitting underneath that loan growth story and buyback drumbeat? The narrative leans on specific revenue, margin, and valuation assumptions that could change how you think about Raymond James Financial. Result: Fair Value of $174.42 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that narrative can come under pressure if market volatility weighs on investment banking activity or if heavier technology spending erodes the projected margins at Raymond James Financial. Find out about the key risks to this Raymond James Financial narrative. While the popular narrative pegs Raymond James Financial at a fair value of $174.42 using future earnings and P/E assumptions, the fair ratio based on current P/E tells a slightly different story. The stock trades on a 15.4x P/E, just above a fair ratio of 15.2x, yet well below the US Capital Markets industry at 40.4x and peer average of 18.1x, which points to a mix of modest expensiveness on the fair ratio and relative cheapness versus the sector. That kind of split view raises a practical que...

Investing.com -- Dollar Tree received a pair of analyst upgrades on Wednesday, with brokerages pointing to improving consumer sentiment, tariff-related tailwinds and a stronger earnings outlook, even as store traffic remains under pressure. Raymond James upgraded the discount retailer to Outperform from Market Perform and set a $140 price target, arguing that the company’s fiscal 2026 guidance appears conservative and does not account for potential benefits from tariff refunds, lower fuel costs or additional share repurchases. The brokerage said improving operational execution, easing cost headwinds and the prospect of positive traffic trends in the second half of the year create multiple avenues for earnings upside. The firm noted Dollar Tree has already received $110 million in tariff refunds and could ultimately receive several hundred million dollars during fiscal 2026. While management is expected to reinvest much of the proceeds, Raymond James believes the funds could support pricing, marketing and store investments that help drive customer traffic and sales growth. Separately, Goldman Sachs upgraded Dollar Tree to Neutral from Sell and raised its price target to $125 from $105. The bank cited improving consumer perceptions of the retailer’s pricing and value proposition, supported by data showing sentiment metrics have recovered from lows reached earlier this year. However, Goldman Sachs remained cautious, noting that traffic trends remain negative and that the stock already reflects expectations for an eventual recovery. The bank said Dollar Tree’s most frequent shoppers continue to show weaker engagement than historical levels, while competition from rivals such as Walmart, Dollar General and Five Below remains intense. Both firms highlighted Dollar Tree’s strong cash position and recent $500 million share repurchase as additional positives, though they differ on how much of the anticipated operational improvement is already reflected in the stock price. Related articles Dollar Tree upgraded on earnings upside potential despite ongoing traffic woes Citi pushes back Fed rate cuts to May after blowout January jobs report This sector is 'poised for a big, beautiful year': Truist

Saint Petersburg, Florida-based Raymond James Financial, Inc. (RJF) is a diversified financial services company that provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States and internationally. The company has a market cap of $29.1 billion and is expected to release its Q2 2026 earnings on Wednesday, July 22, after the market closes. Ahead of the event, analysts expect the company’s EPS to be $2.91 on a diluted basis, up 33.5% from $2.18 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in three of its last four quarters, while missing on one occasion. Memory Demand Sent Seagate Soaring — But This Stock Looks Even Better Nvidia Is Still a Bargain. Analysts See 57% Upside in NVDA Stock. McDonald's Corp Stock May Have Hit Bottom - Ways to Play MCD Stock Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2026, analysts project the company’s EPS to be $11.82, up 10.9% from $10.66 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 14.4% year over year (YoY) to $13.52 in fiscal 2027. RJF stock has fallen 2.7% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 19.9% rise and the State Street Financial Select Sector SPDR ETF’s (XLF) 3.4% rise during the same time frame. On Apr. 22, RJF stock stayed mostly unchanged following the release of its Q1 2026 earnings. The company’s revenue for the quarter rose 25.2% from the prior year’s quarter to $4.3 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS came in at $2.83, also beating Wall Street’s forecasts. Analysts are somewhat bullish on RJF, with the stock having a “Moderate Buy” rating overall. Among the 15 analysts covering the stock, five are recommending a “Strong Buy,” and 10 suggest a “Hold” for the stock. RJF’s average analyst price target is $173.28, indicating an upside of 16.2% from the current levels. On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

PowerFleet, Inc. (NASDAQ:AIOT) is among the best low priced stocks to get rich in 2026. On June 16, Raymond James cut the price target on PowerFleet, Inc. (NASDAQ:AIOT) to $7, down from $8. This comes despite the company’s Q4 results surpassing expectations and a strengthened FY27 outlook pointing to stronger growth and profitability into year-end. As noted by Raymond James, the improved performance will be driven by various factors, including solid subscription-based services growth, surging annual recurring revenue, and enhanced adoption. The firm has an Outperform rating on the stock. Moreover, accelerating demand for AI video and in-warehouse solutions, along with channel growth and margin expansion, point to the same positive, bigger-picture trend, the firm added. Thanks to these drivers, PowerFleet, Inc. (NASDAQ:AIOT) is one of the best low-priced stocks to get rich in 2026. In PowerFleet, Inc.’s (NASDAQ:AIOT) results delivered a day earlier, total revenue and adjusted EBITDA were up 11% YoY and 42% YoY, respectively, in Q4. The company remains focused on investments in go-to-market capabilities, channel partnerships, and South African deployment. PowerFleet, Inc. (NASDAQ:AIOT) is a New Jersey-based provider of artificial intelligence-of-things (AIoT) solutions. Founded in 1993, the company provides a unity solution portfolio, as well as hosting, maintenance, and consulting services. While we acknowledge the potential of AIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

Investing.com -- SentinelOne drew mixed reactions from Wall Street after its fiscal first-quarter results, with Raymond James cutting the cybersecurity company to Market Perform while Bank of America upgraded it to Buy. The split that reflects disagreement about whether the company's underlying momentum can offset execution concerns. SentinelOne shares are down around 14% premarket after reporting its latest quarterly earnings following Thursday’s close. Raymond James analyst Adam Tindle said he was stepping back after years of defending the stock, citing first-quarter revenue that came in below the midpoint of guidance, working capital metrics pointing to another back-end weighted quarter, and a surprise announcement of an 8% workforce reduction. The restructuring was particularly puzzling, Tindle wrote, given that EBIT beat guidance by twice the expected amount and contribution margins remained healthy at 30%. He said he "would not fight investors with duration that are willing to wait this out" but flagged the risk that maintaining full-year guidance while cutting headcount and reorganizing go-to-market teams could set up a repeat of past disappointments, especially with a new CFO delivering her first official guidance this quarter. Bank of America analyst Tal Liani took the opposite view, upgrading the stock to Buy and raising his price target to $20 from $16. He views "the -18% after-hours decline as an attractive entry point," pointing to revenue growth of 21% year-over-year, record net new ARR of $44 million, up 57%, and non-endpoint solutions now representing half of total mix. He also noted operating margins of 4%, double Street estimates, with a path to 10% in fiscal 2027. Liani framed the conservative guidance as a prudent posture under new management rather than a signal of deteriorating demand. Related articles Wall Street divided on SentinelOne after workforce cut clouds earnings beat Wolfe Research outlines eight risks that could spark stock declines in 2026 This sector is 'poised for a big, beautiful year': Truist

Okta (NASDAQ:OKTA) moved sharply higher in pre-market trading on Friday, gaining more than 7% and building on a 4.7% rise in after-hours dealings after the identity and access management specialist delivered stronger-than-expected fiscal first-quarter 2027 results. The company reported revenue of $765 million for the quarter ended April 2026, representing year-on-year growth of 11% and exceeding the $752 million consensus estimate highlighted by Raymond James. Adjusted earnings reached $0.91 per share, comfortably ahead of analyst expectations of $0.85. Subscription revenue rose 11.4% from a year earlier to $750 million, reflecting continued demand for Okta’s identity security solutions. Investors also focused on remaining performance obligations, a key indicator of future revenue. Current remaining performance obligations increased 12% year-on-year to $2.50 billion, slightly ahead of Raymond James’ buyside estimate of $2.49 billion. Total remaining performance obligations climbed 16% to $4.72 billion, while the company’s dollar-based net retention rate improved to 107%, accelerating by 100 basis points from the previous quarter. Okta continued to expand its presence among larger customers during the quarter. The company added 80 new customers with annual contract values exceeding $100,000, bringing the total number of large enterprise clients to 5,180, an increase of 6% compared with the same period last year. According to Raymond James, recently launched products accounted for approximately 25% of first-quarter bookings. Transactions that included at least one newer product generated roughly 40% higher annual contract value than standard deals. The company also delivered strong cash generation, reporting operating cash flow of $277 million and free cash flow of $271 million. Management credited the company’s revised sales strategy and product expansion efforts for the strong performance. “Last year’s go-to-market specialization is driving tangible results, including continued strength with large enterprises and increased sales productivity,” Chief Financial Officer Brett Tighe said. “The success of our new product portfolio, particularly Okta Identity Governance, validates that Okta’s unified identity platform is resonating with customers.” During the earnings call, executives highlighted growing customer interest in artificial intelligence-related identit...

Abercrombie & Fitch will report its fiscal Q1 earnings today. Last week, Raymond James trimmed its price target for Abercrombie & Fitch to $92 from $110. Raymond James warned that weaker discretionary spending and higher gas prices could pressure Hollister’s budget-conscious shoppers. Abercrombie & Fitch Co. (ANF) stock gained in premarket on Wednesday ahead of its fiscal first-quarter (Q1) earnings as investors and retail traders focus on whether the apparel retailer can sustain its profitability gains amid a tougher retail backdrop. Shares of the company have declined each month since March. The upcoming earnings report arrives as analysts debate whether the company’s margin expansion can withstand increasing promotional activity across the teen apparel industry. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Last week, Raymond James trimmed its price target for Abercrombie & Fitch to $92 from $110, citing growing concerns about weaker performance trends at the company’s Hollister brand. The reduced price target still implies a 23% upside to the stock’s closing price on Tuesday. Analysts pointed to slowing customer activity across stores and digital channels, heavier promotional activity, and softer apparel demand signals in Europe as key risks weighing on the retailer’s near-term outlook. Raymond James said Hollister could face more difficulties as budget-conscious shoppers cut back on non-essential spending. Analysts added that higher gas prices may put extra pressure on the brand’s younger, price-sensitive customers. The firm also pointed to rising discounts across clothing categories, suggesting retailers are depending more on price cuts to attract shoppers in a highly competitive market. Abercrombie & Fitch stock traded over 3% higher in Wednesday’s premarket. After climbing to a 52-week high above $133 in early January, Abercrombie shares have retreated nearly 40%, trading near the upper-$70 range. Analysts see Abercrombie & Fitch to report a Q1 revenue of $1.12 billion with $1.28 earnings per share, according to Fiscal AI data. The company expects Q1 sales to grow in teh range of 1% to 3% with EPS between $1.20 to $1.30. On Stocktwits, retail sentiment around the stock shifted to ‘bullish’ from ‘neutral’ territory. A user said, “Reluctantly sold my $CROX to buy more $...

The Walt Disney Company (NYSE:DIS) is one of the best communication stocks to invest in. Raymond James lifted the price target on The Walt Disney Company (NYSE:DIS) to $119 from $115 on May 7, reaffirming an Outperform rating on the shares and stating that the company delivered better-than-expected Q2 results and slightly raised FY26 EPS guidance to 12% growth. This bolsters confidence in a double-digit EPS CAGR through FY26-FY27, with strength supported by its strong franchise IP, resilient sports exposure, scaled streaming ecosystem, and robust Parks and Experiences cash flows. Raymond James also told investors in a research note that operating income growth is being increasingly driven by streaming, even with Experiences remaining the largest profit contributor, and the 2H-weighted FY26 outlook coming into focus amid moderating macro concerns. The same day, Wells Fargo cut the price target on The Walt Disney Company (NYSE:DIS) to $146 from $148, reaffirming an Overweight rating on the shares. The Walt Disney Company (NYSE:DIS) operates an international family entertainment and media enterprise. The company owns and operates television and radio production, distribution, and broadcasting stations, amusement parks, direct-to-consumer services, and hotels. Its operations are divided into the following business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products. While we acknowledge the potential of DIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow. Disclosure: None. Follow Insider Monkey on Google News.

It has been about a month since the last earnings report for Raymond James Financial, Inc. (RJF). Shares have lost about 2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Raymond James Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Raymond James’ second-quarter fiscal 2026 (ended March 31) adjusted earnings of $2.83 per share beat the Zacks Consensus Estimate of $2.76. Also, the bottom line increased 16.9% from the prior-year quarter.Results benefited primarily from an increase in revenues to record levels. Robust growth in assets under administration balances further supported results. However, an increase in expenses was a headwind.Net income available to common shareholders (GAAP basis) was $542 million or $2.72 per share, up from $493 million or $2.36 in the prior-year quarter. Net revenues were a record $3.86 billion, up 13.4% year over year. The top line beat the Zacks Consensus Estimate of $3.75 billion.Segment-wise, in the reported quarter, the Private Client Group recorded 13% year-over-year growth in net revenues. Asset Management’s net revenues also rose 13%, while Capital Markets’ top line increased 17%. Bank registered a rise of 12% from the prior year's net revenues, while Others recorded negative revenues.Non-interest expenses jumped 14.3% from the prior-year quarter to $3.12 billion. The increase was due to a rise in all cost components except for bank loan provision for credit losses. As of March 31, 2026, client assets under administration were $1.76 trillion, up 15% from the prior-year period. Financial assets under management of $282.4 billion grew 15% year over year. As of March 31, 2026, Raymond James had total assets of $91.9 billion, up 3% from the prior-quarter end. Total common equity was $12.6 billion, up 1% from the previous quarter.Book value per share was $64.58, up from $59.74 as of March 31, 2025.As of March 31, 2026, the total capital ratio was 24%, down from 24.8% as of March 31, 2025. The Tier 1 capital ratio was 22.9% compared with 23.5% as of March 31, 2025.Return on common equity (annualized basis) was 17.3% at the end of the reported quarter compared with 16.4% a year...