Raymond James stock gets Wells Fargo coverage after Q3 beat
Published on 10/04/2026 at 21:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Raymond James stock (ISIN US7547301090) was last at USD 158.21 on the NYSE on October 2, 2026 at 4:00:02 p.m. EDT, down 0.97 percent from the prior close. The latest earnings comparison remains the central measure: adjusted Q3 FY26 EPS reached USD 3.14 against USD 2.91 consensus, while revenue came to USD 3.93 billion.
Q3 earnings beat estimates
According to MarketBeat, Raymond James Financial reported the Q3 results on July 22, 2026, with adjusted earnings per share of USD 3.14 versus USD 2.91 expected. Revenue of USD 3.93 billion exceeded the USD 3.87 billion estimate and increased 15.6 percent from the prior-year quarter.
The earnings quality is visible in the operating scale as well as the headline beat. Raymond James Financial's Q3 FY26 consolidated net income was USD 595.0 million, while the finance statement for the period lists operating profit of USD 750.0 million. The revenue comparison therefore combines a USD 0.06 billion beat against estimates with double-digit year-over-year growth.
Wells Fargo starts coverage
The freshest analyst action came on October 3, 2026. MarketBeat reported that Wells Fargo initiated coverage with a Hold rating and a USD 172 price target.
The broader analyst picture is also measured rather than one-sided. MarketBeat reported a Hold consensus from 14 brokerages, including nine Holds and five Buys, with an average price target of USD 181.58. That target lies 14.8 percent above the October 2 price of USD 158.21, creating a clear gap between the latest quote and the sell-side average.
Stock sits below its yearly high
Raymond James stock traded within a USD 156.52 to USD 160.06 daily range on October 2, 2026, with volume of 905,543 shares. Its 52-week range was USD 138.82 to USD 182.73, placing the last price 13.4 percent below the yearly high.
The company had a market capitalization of USD 30.4 billion on October 2, 2026. The next scheduled Q4 FY26 results date is October 28, 2026, when the company is listed to report after the market close.
Raymond James stock faces October results
Raymond James stock was last at USD 158.21 on the NYSE on October 2, 2026. The next earnings date gives the recent Q3 beat and the Wells Fargo rating a defined checkpoint for investors.
Raymond James stock at a glance
- Company: Raymond James Financial, Inc.
- ISIN: US7547301090
- Ticker: RJF
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00:02 p.m. EDT): USD 158.21
- Market capitalization: USD 30.4 billion (as of October 2, 2026)
- 52-week range: USD 138.82-182.73 (as of October 2, 2026)
- Sector / Industry: Financial Services / Asset Management
Upcoming dates for Raymond James stock
- October 15, 2026: Quarterly dividend payment
- October 28, 2026: Q4 FY26 results after the market close
