Raymond James Posts Record Revenue and AUM Growth in Fiscal Q3 2026
Event summary
- Record quarterly net revenues of $3.93 billion, up 16% YoY and 2% QoQ
- Net income available to common shareholders rose 42% YoY to $595 million ($3.01 per diluted share)
- Client assets under administration hit $1.92 trillion, a 17% increase since June 2025
- Private Client Group fee-based accounts reached $1.15 trillion, up 22% YoY
- Completed acquisition of Clark Capital, adding $36 billion in financial assets under management
The big picture
Raymond James' strong fiscal Q3 results reflect the resilience of its diversified business model, particularly in asset management and investment banking. The firm's ability to grow fee-based accounts and complete strategic acquisitions like Clark Capital underscores its position as a major player in wealth management. However, sustained performance will depend on navigating macroeconomic headwinds and maintaining operational efficiency.
What we're watching
- Asset Growth Dynamics
- Whether Raymond James can sustain its 5.5% annualized net new asset growth in the Private Client Group amid market volatility.
- Integration Challenges
- How effectively Raymond James integrates Clark Capital to maximize the $36 billion in added AUM.
- Interest Rate Sensitivity
- The impact of lower interest rates on net interest margin, which declined 10 basis points sequentially.
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