Raymond James Financial

Methodology

Raymond James' wealth management and capital markets businesses create more earnings stability than pure investment banks, though market volatility impacts results. Asset-based fees from wealth management provide recurring revenue. Focus on normalized earnings through market cycles and the growing contribution from stable wealth management rather than volatile trading results.

Methodology

Raymond James typically trades at moderate PEG ratios reflecting improved business mix toward wealth management though still subject to capital markets volatility. The metric should normalize for market impacts and focus on asset gathering and net interest income sustainability. Compare to wealth-focused peers like Stifel while considering Raymond James' conservative culture.

Methodology

Raymond James offers a meaningful dividend with management maintaining consistent capital returns as the wealth management mix stabilizes earnings. The dividend adds value supplemented by share buybacks. For wealth-focused firms, dividend growth and client asset accumulation matter significantly in driving long-term shareholder returns.