Raymond James Q4 2020 Earnings Report
Key Takeaways
Raymond James Financial reported Q4 2020 results with record quarterly net revenues of $2.08 billion, up 3% year-over-year and 13% sequentially. Quarterly net income was $209 million, or $1.50 per diluted share. The company achieved record client assets under administration and financial assets under management.
Record quarterly net revenues of $2.08 billion, up 3% over prior year’s fiscal fourth quarter and 13% over the preceding quarter
Quarterly net income of $209 million, or $1.50 per diluted share, and adjusted quarterly net income of $249 million, or $1.78 per diluted share
Record quarter-end for client assets under administration of $930.1 billion and financial assets under management of $153.1 billion
Record 8,239 Private Client Group financial advisors, net increases of 228 over September 2019 and 84 over June 2020
Raymond James
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Raymond James Revenue by Segment
Forward Guidance
Raymond James is well positioned entering fiscal 2021, with strong capital ratios and quarter-end records for client assets and the number of Private Client Group financial advisors.
Positive Outlook
- Financial advisor recruiting activity remains robust across all of our affiliation options
- Investment banking pipelines are strong
- Strong capital ratios
- Quarter-end records for client assets
- Record number of Private Client Group financial advisors
Challenges Ahead
- High degree of economic uncertainty associated with the ongoing COVID-19 pandemic
- Continued headwinds from near-zero short-term interest rates
- Closings may be affected if economic conditions deteriorate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income