Raymond James Financial

Q3 FY2026 EarningsQ3 FY26 results beat consensus across key metrics, with diluted EPS of $3.01 exceeding the $2.83 expectation (+6.36%) and net revenue of $3,928M slightly ahead of the $3,914M forecast (+0.35%). Earnings were bolstered by record Private Client Group assets and a recovery in Capital Markets investment banking, alongside a favorable effective tax rate of 20.7% vs. the 24.0% consensus. Management continued strong capital returns, repurchasing $400M in common stock while successfully integrating the Clark Capital and GreensLedge acquisitions.