RAYMOND JAMES FINANCIAL INC

Raymond James has reiterated its "Strong Buy" rating and $34.00 price target for Columbia Banking System (NASDAQ:COLB) after the bank's presentation at the BancAnalysts Association of Boston Conference. The firm's constructive outlook is reinforced by strong fundamental performance, an attractive capital return strategy including a 7.5% buyback and nearly 5% dividend yield, and a favorable risk-reward profile based on durable earnings growth and valuation. Additionally, Columbia Banking System recently reported strong Q3 2026 results, surpassing analyst expectations for earnings and revenue.

Raymond James upgraded Solaris Energy Infrastructure (NYSE:SEI) to Strong Buy from Outperform, raising its price target to $113 from $102 after a 25% stock decline. The upgrade is based on Solaris Energy having 91% of its 3.5 gigawatt fleet under contract and an increased full deployment EBITDA potential of $1.65 billion, which is $300 million above its previous outlook. The firm believes the stock is undervalued and highlights the durability of its earnings, supported by longer contract tenors and investment-grade counterparties.

Raymond James Financial (RJF) has seen a 69% share price gain over the past five years, supported by record revenue, earnings, and client assets, with $1.7 billion returned to shareholders. Despite this strong performance, Simply Wall St's Excess Returns model suggests the stock may still be undervalued, with an estimated intrinsic value substantially above its current share price of $157.22. Analysts' forecasts indicate sustainable solid returns on a growing capital base, leading to a community narrative that views RJF as 15% undervalued.

Raymond James Financial reported record net revenues of $4.27 billion and record net income for both the fourth quarter and fiscal year 2026, marking its sixth consecutive year of record annual results. The Private Client Group saw strong growth with client assets under administration reaching $1.87 trillion and net new assets increasing by 88% to over $98 billion. The company made significant investments in technology and AI, including its proprietary AI assistant, Raymond, to enhance advisor efficiency and client service, and management expressed optimism for fiscal 2027 with a strong investment banking pipeline.

Raymond James Financial's Q4 2026 earnings call has just started, where executives will discuss the latest financial results and answer questions from analysts. This event provides an opportunity for followers of RJF to hear management's insights into the company's performance, future demand, margins, or capital spending, potentially revealing new information.

Raymond James Financial (RJF) reported adjusted earnings per share of $3.59 for Q4 2026, surpassing expectations, driven by record financial advisor recruiting and strong client retention, which contributed to $98 billion in net new assets for the year. The firm achieved its sixth consecutive year of record annual revenues and earnings, with management noting record client assets and a robust investment banking pipeline for fiscal 2027. GAAP diluted EPS was $3.40, reflecting acquisition-related charges from the Clark Capital deal.

Raymond James has recruited a father-son team, Ted and Jordan Krawec, who managed over $460 million in client assets from Wells Fargo, forming Krawec Wealth Management in Westlake, Ohio. Concurrently, LPL Financial welcomed Matt Griggs and his $160 million practice from Edward Jones, and William Blair Private Wealth Management established a Dallas office with a four-person team from UBS, led by Ryan Berube and Allen Abney, advising on $2.1 billion in team assets. These moves reflect a dynamic environment for financial advisors seeking new platforms and greater independence.