Is Raymond James financially stable?
Those values have helped Raymond James become one of the largest independent financial services firms in our industry, with a long-term track record of stability and growth.
Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, for up to $250,000 per depositor.
Fitch Ratings - Chicago - 17 Mar 2023: Fitch Ratings has affirmed Raymond James Financial Inc.'s (RJF) Long- and Short-Term Issuer Default Ratings (IDRs) at 'A-' and 'F2', respectively. The Rating Outlook is Stable.
Raymond James' threat of distress is under 12% at the present time. It has tiny chance of undergoing some form of financial hardship in the near future.
It is also the 53rd largest bank in the nation. It was established in 1994 and as of September of 2023, it had grown to 334 employees at 1 location. Raymond James Bank's CD rates are 6X the national average, and it has a B health rating.
On October 16, 2023, Plaintiff Joena Bartolini Mitchell has filed a discrimination claim against her ex-employer Raymond James and Associates, Inc (“RJ”), an investment banking firm in Florida. For over 15 years, Ms. Bartolini Mitchell provided RJ with exceptional service.
| Bank | Forbes Advisor Rating | ATM Network |
|---|---|---|
| Chase Bank | 5.0 | 15,000+ Chase ATMs |
| Bank of America | 4.2 | 16,000+ ATMs in the U.S. |
| Wells Fargo Bank | 4.0 | 11,000 |
| Citi® | 4.0 | 65,000 |
Raymond James Financial Inc's trailing 12-month revenue is $13.5 billion with a 12.8% net profit margin. Year-over-year quarterly sales growth most recently was 16.3%. Analysts expect adjusted earnings to reach $9.578 per share for the current fiscal year.
Comprised of more than 500 capital markets professionals, Raymond James is one of the most highly regarded middle-market equity offering and advisory practices in investment banking today.
RJFSA and its affiliates (collectively, “Raymond James”) do not endorse and are not affiliated with Ramsey Solutions, except with respect to the arrangement described above, and neither Ramsey Solutions nor its agents are officers or employees of Raymond James.
Is Raymond James an ethical company?
Raymond James Financial, Inc. and its subsidiaries and affiliates are committed to practices that combat modern slavery and human trafficking and are committed to acting in an ethical manner, with integrity and transparency in all business dealings.
Raymond James Maintains Charles Schwab (SCHW) Outperform Recommendation. Fintel reports that on September 18, 2023, Raymond James maintained coverage of Charles Schwab (NYSE:SCHW) with a Outperform recommendation. As of August 31, 2023, the average one-year price target for Charles Schwab is 76.06.
In 2021, Raymond James was among the World's Most Admired Companies in the Securities/Asset Management category.
and Raymond James Financial Services Inc. charged unreasonable commissions on more than 270,000 low-principal equity transactions since July 1, 2018, according to an order filed by Massachusetts Secretary of the Commonwealth William Galvin. The firm received $8.25 million in excess commissions from those transactions.
The investigation was led by state securities regulators in Alabama, California, Illinois, Massachusetts, Montana, and Washington and found that Raymond James charged unreasonable commissions on over 270,000 equity transactions and trades nationwide over the past five years.
Since Raymond James advisors serve as ERISA fiduciaries, they are obligated to recommend what is best for your company and employees.
The firm's corporate culture is grounded in conservative management, high ethical standards, measured growth and a commitment to superior client service. Raymond James has delivered 125 consecutive quarters of profitability.
The failure of Citizens State Bank will cost $76.6 million; the failure of New South Federal Savings Bank is expected to cost $212.3 million; that of Peoples First Community Bank $556.7 million; Independent Bankers' Bank, $68.4 million; and RockBridge Commercial Bank, $124.2 million.
| Bank | The Ascent's Rating |
|---|---|
| Western Alliance Bank | 4.25 |
| SoFi | 4.00 |
| Wells Fargo | 4.00 |
| Axos Bank | 3.50 |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
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What is the average rate of return at Raymond James?
First, the average return for Raymond James' recommended stocks (13.98%) is over 4.5 percentage points higher per year than the return on the S&P 500 (9.35%), and more than 5.5 percentage points higher per year than the average return for the recommendations of the other brokerage firms (8.17%).
Collectively, we offer decades of experience, which we dedicate to crafting innovative, thoughtful financial strategies for clients. We take the time to get to know your lifestyle, goals and values, so that we can deliver a plan designed to help you strive for the future you've envisioned for yourself and your family.
We do not have proprietary products, and we are committed to giving objective advice. Offering securities through Raymond James means that your assets are held, supported and preserved by a large and well capitalized company-- a company that consistently ranks as a top financial firm.
The main competitors of Raymond James include Stifel Financial (SF), Nomura (NMR), Robinhood Markets (HOOD), Jefferies Financial Group (JEF), SEI Investments (SEIC), MarketAxess (MKTX), Interactive Brokers Group (IBKR), Blue Owl Capital (OWL), T. Rowe Price Group (TROW), and Fifth Third Bancorp (FITB).
Raymond James is one of the largest financial services firms in the United States, with the scale and resources to support a wide array of products and services.
