Raymond James Marks 150 Consecutive Profitable Quarters

Raymond James Financial Inc. has achieved an impressive milestone of 150 consecutive quarters of profitability, reflecting nearly 38 years of consistent growth and resilience through multiple economic crises. The company reported record net revenues of $10.34 billion and pre-tax income of $1.98 billion for the first nine months of fiscal 2025, with client assets under administration reaching a record $1.64 trillion. In its fiscal third quarter, Raymond James posted a net income of $435 million, or $2.12 per diluted share, despite a $58 million reserve increase linked to a legal settlement over bond underwritings. CEO Paul Shoukry highlighted strong growth in the financial advisor recruiting pipeline and expressed optimism about macroeconomic conditions, even as challenges remain. The firm continues to maintain a strong market position with diverse business segments contributing to revenue growth, including a 15% increase in capital markets revenue and 10% growth in both asset management and bank revenue. Market analysts have mixed views on the stock, with an average brokerage recommendation of 'Hold' and varying price targets indicating both upside and downside potential.