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    Raymond James Financial (RJF) Reports Higher Earnings, Is The Stock Trading At A Discount?

    Simply Wall St·11/11/2026 08:32:53
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    Why Raymond James Financial Earnings Are Back in Focus

    Raymond James Financial (RJF) is back on investors' radar after reporting higher quarterly and full year revenue, net income, and earnings per share for the period ended September 30, 2026.

    These results, combined with an active share repurchase program and an upcoming appearance by CEO Paul Marone Shoukry at the Wolfe Research Wealth Symposium in New York on November 11, have sharpened interest in how the business is being run.

    Raymond James Financial shares have climbed, with a 7 day share price return of 3.98% and a 30 day gain of 6.14%, even though the 90 day move is down 7.21%. That combination of near term momentum alongside a 5 year total shareholder return of 81.49% points to investors steadily rewarding the business while reassessing short term risk around earnings and the ongoing buyback.

    Compare Raymond James Financial's earnings story with a curated 35 high quality undervalued stocks that also pairs profitability with balance sheet strength.

    Raymond James Financial now trades below both intrinsic value estimates and analyst targets after this latest rebound. Is that a genuine margin of safety, or a sign the market distrusts the earnings story and buyback pace?

    Most Popular Narrative: 8% Undervalued

    On the analyst consensus Narrative on Simply Wall St, Raymond James Financial screens as undervalued, with a fair value of $182.21 against the last close at $168.11. That gap anchors a story built around scale, advisor productivity, and steady capital return.

    Ongoing capital deployment through dividends, share repurchases of about US$1.6b over the last 12 months and capacity for further bolt on deals such as GreensLedge, supported by Tier 1 leverage above the stated 10% target and excess parent cash, is expected to influence per share earnings and overall returns to shareholders.

    See why 16 investors see Raymond James Financial as 8% undervalued.

    Result: Fair Value of $182.21 (UNDERVALUED)

    Still, higher legal expenses related to the cash sweep lawsuit and weaker conditions in capital markets could quickly challenge confidence in the Raymond James Financial story.

    Find out about the key risks to this Raymond James Financial narrative.

    Next Steps

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