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5 stories mentioning RJF

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Wire

Zoom Expands Beyond Video Conferencing With AI-Powered Enterprise Tools, RBC Says

Zoom Communications (ZM) continues to expand beyond video conferencing into a "broader enterprise communications and collaboration platform" spanning messaging, calendaring, email and artificial intelligence-powered workflow tools, RBC Capital Markets said in a report emailed Friday.The company delivered fiscal Q1 results above consensus estimates and raised its fiscal 2027 guidance across most metrics, with reported revenue of $1.239 billion, up 5.5% year over year and above consensus estimates of $1.224 billion, while non-GAAP earnings per share came in at $1.55, topping expectations of $1.42.The brokerage said "enterprise fundamentals remain strong," supported by growth in customers contributing more than $100,000 in annual revenue and improving "net dollar expansion" rates. RBC also highlighted continued strength in Zoom's "contact center" business and said AI products are contributing more meaningfully to revenue growth.Zoom's "Custom AI Companion" secured notable customer wins during the quarter, including deployments at Raymond James Financial (RJF) and MongoDB (MDB), while the company's "My Notes" product reached 1.5 million monthly active users within four months of launch, according to the report.RBC raised its price target on Zoom to $130 from $110 while maintaining its outperform rating.Price: $107.94, Change: $+11.19, Percent Change: +11.57%

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Research

Research Alert: CFRA Reiterates Hold Rating On Shares Of Raymond James Financial, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $10 to $170, on a P/E of 12.8x our FY 27 (Sep.) EPS view vs. RJF's three-year historical forward P/E average of 13.2x and the peer average of 11.9x. We keep our FY 26 EPS estimate at $11.87 and decrease FY 27's by $0.15 to $13.25. Our revenue projections are $15.49B (+10%) in FY 26 and $16.73B (+8%) in FY 27, supported by a robust investment banking pipeline, significant investments in technology and AI, and a strong capital position to fund future growth and acquisitions. In our view, a key positive in Mar-Q was the Capital Markets segment's rebound from its prior-quarter weakness, driven by stronger investment banking revenues that culminated in a particularly strong March. Complementing this improvement, the Bank segment demonstrated strength by achieving record loans of $54.8B, fueled by a remarkable 31% Y/Y surge in securities-based lending. RJF is leveraging its over $1.1B annual technology investment to deploy proprietary AI tools that streamline operations.

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Wire

UBS Adjusts Price Target on Raymond James Financial to $166 From $158, Maintains Neutral Rating

Raymond James Financial (RJF) has an average rating of overweight and mean price target of $175.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $155.63, Change: $+1.10, Percent Change: +0.72%

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Research

Research Alert: Rjf Posts Record Mar-q Revenue Driven By Investment Banking Recovery

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RJF delivered record Mar-Q results with net revenues of $3.86B (+13% Y/Y), beating consensus by $10M, while adjusted EPS of $2.83 exceeded the Street's $2.76 estimate vs. $2.42 in the prior year. Performance was driven by broad-based strength across segments, with Private Client Group achieving record revenues of $2.81B (+13%) and Capital Markets accelerating 36% Q/Q to $464M. The diversified business model demonstrated resilience with investment banking rebounding 29% and fee-based assets reaching a record $1.04T (+20%), reflecting strong advisor recruiting capabilities. Management acknowledged the deal environment remains uncertain despite sequential improvement in investment banking activity. The firm maintained a robust 24.0% total capital ratio and returned $400M through share repurchases, with $1.5B remaining under authorization. We believe RJF's market-leading advisor recruiting, record asset levels, and strong balance sheet position the firm well for continued growth.

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US Markets

Wealth Brokers, Investment Banks Faced Uneven First-Quarter Activity, UBS Says

Wealth brokers and investment banks faced uneven market activity in the first quarter due to geopolitical uncertainty, UBS Securities said in client note sent Wednesday.For the first quarter, UBS is projecting earnings per share to be down 7% quarter on quarter and up 22% annually for wealth brokers. For investment banks, the broker is looking at a 29% slump in EPS on a quarterly basis and an 11% jump year over year."For wealth brokers, growth was tempered by lower March market levels, though retail trading picked up on volatility," UBS analysts, including Michael Brown, wrote. "Organic growth was solid versus expectations, with the setup improving into (2026)."Meanwhile, momentum faded for investment banks during the quarter as pipelines shrank from the year end, "with some deals likely paused pending macro clarity, creating an activity air pocket," Brown said.Late Tuesday, the US and Iran agreed to a two-week ceasefire. The war, which began at the end of February, spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz.UBS named Charles Schwab (SCHW) and Stifel Financial (SF) as its top picks heading into the first-quarter earnings season, saying Evercore (EVR) is "favorably positioned." Moelis (MC), Lazard (LAZ), and Raymond James Financial (RJF) are expected to "lag on a relative basis," according to the brokerage.UBS upgraded LPL Financial (LPLA) to buy, citing an attractive valuation.UBS lowered its price targets for wealth brokers and investment banks by 8% and 2% on average, respectively.The brokerage expects artificial intelligence to be a key topic at the upcoming earnings season for wealth brokers."In the wealth space, we expect AI to improve advisor productivity, though see risks to sweep cash economics and to market share of advised assets," Brown said. "Ultimately, we see these threats as slower moving than the bears think and see forward-looking firms as well positioned to adapt and thrive."

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