Raymond James Bank Segment President To Step Down

Raymond James Financial, Inc. will add Will Weatherford to its board and audit/risk committees on December 15. Weatherford leads Weatherford Capital, a private equity firm with $1.2B in assets, and has roles in Dream Finder Homes and Tampa Bay Rays ownership.

Analysts at TD Cowen maintained Buy ratings on Willis Towers Watson (WTW) with a $455 target, and Hold on Raymond James Financial (RJF) with a $161 target. WTW closed at $335.46, near its 52-week high, while RJF closed at $177.93. Analyst consensus for WTW is Moderate Buy with a $374.87 average target, and for RJF is Moderate Buy with a $185.80 average target.

Raymond James Financial reported record client assets of $1.93T for July 2026, up 17% YoY. Fee-based AUM grew 21% YoY to $1.16T, while total AUM rose 30% YoY to $344.6B. Bank loans increased 13% YoY to $56.3B, and cash sweep balances were $56.7B, down 4% from June.

Barclays raised its price target for Raymond James Financial (RJF) from $192 to $196 and reiterated an “overweight” rating, implying about 18.8% upside from the stock’s then-current price. Other analysts issued mixed targets. RJF traded at $165.04 and reported Q3 EPS of $3.14 on $3.93B revenue, beating consensus.

Raymond James Financial (NYSE: RJF) reported Q2 CY2026 results. Revenue rose 28.4% year on year to $4.36 billion, topping Wall Street estimates by 12.6%. Non-GAAP profit was $3.14 per share, 7.8% above analysts’ consensus. The stock reportedly fell about 1% to $166.37 after the release.

Raymond James Financial reported fiscal third-quarter net income available to common shareholders of $595 million, up from $435 million a year earlier, with adjusted net income of $620 million. Client assets reached $1.92 trillion. Revenue and pretax income rose across advisory, investment banking and lending, while asset management revenue increased 24% to $362 million. The firm repurchased $400 million of shares and reported $1.1 billion remaining under authorization.