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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Blostein | Goldman Sachs | 16 questions · 13% challenging |
| Mike Cyprys | Morgan Stanley | 14 questions · 0% challenging |
| Michael Cho | JPMorgan | 13 questions · 0% challenging |
| Dan Fannon | Jefferies | 13 questions · 15% challenging |
| Devin Ryan | Citizens JMP Securities | 13 questions · 0% challenging |
| Bill Katz | TD Cowen | 12 questions · 0% challenging |
| Steve Chubak | Wolfe Research | 11 questions · 18% challenging |
| Jim Mitchell | Seaport Research Partners | 10 questions · 10% challenging |
| Brennan Hawken | BMO Capital Markets | 10 questions · 30% challenging |
| Kyle Voigt | KBW | 8 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 16 questions · 13% challenging |
| Morgan Stanley | 1 analyst | 14 questions · 0% challenging |
| JPMorgan | 1 analyst | 13 questions · 0% challenging |
| Citizens JMP Securities | 1 analyst | 13 questions · 0% challenging |
| Jefferies | 1 analyst | 13 questions · 15% challenging |
| TD Cowen | 1 analyst | 12 questions · 0% challenging |
| Wolfe Research | 1 analyst | 11 questions · 18% challenging |
| BMO Capital Markets | 1 analyst | 10 questions · 30% challenging |
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Raymond James achieved record quarterly revenues of $3.86 billion, growing 13% year-over-year, as capital markets rebounded with strong March performance. Bank loans reached $54.8 billion with SBL up 31%, and recruiting momentum delivered the second-highest quarterly result ever. PCG fee-based assets reached $1.04 trillion up 20% year-over-year, while the GreensLedge closing and expected Clark Capital completion strengthened the platform.
Subscriber Growth | Demand | Margin | Credit | Competitive Dynamics | Capital Allocation | Revenue Growth | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 6 | 4 | 3 | 3 | 4 | 3 | 1 |
| 2025Q1 | 3 | 2 | 7 | 3 | 1 | 2 | 2 | 3 |
| 2025Q2 | 4 | 3 | 3 | 4 | 2 | 3 | 2 | |
| 2025Q3 | 7 | 5 | 2 | 1 | 3 | 1 | 4 | |
| 2025Q4 | 3 | 2 | 1 | 3 | 2 | 3 | 1 | 3 |
| 2026Q1 | 6 | 5 | 4 | 3 | 5 | 2 | 3 | 3 |
| 2026Q2 | 3 | 2 | 4 | 2 | 2 | 1 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Subscriber Growth | 5 | 3 | 4 | 7 | 3 | 6 | 3 |
| Demand | 6 | 2 | 3 | 5 | 2 | 5 | 2 |
| Margin | 4 | 7 | 3 | 2 | 1 | 4 | 4 |
| Credit | 3 | 3 | 4 | 1 | 3 | 3 | 2 |
| Competitive Dynamics | 3 | 1 | 2 | 3 | 2 | 5 | 2 |
| Capital Allocation | 4 | 2 | 3 | 1 | 3 | 2 | 1 |
| Revenue Growth | 3 | 2 | 4 | 1 | 3 | 1 | |
| Cost Pressure | 1 | 3 | 2 | 3 | 3 | 2 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $3.95B | +13.8% | $2.86 | +41.6% | 15.2% |
| FY2025 Q1 | $3.98B | +14.4% | $2.86 | +23.3% | 15.1% |
| FY2025 Q2 | $3.79B | +5.5% | $2.36 | +6.3% | 13.1% |
| FY2025 Q3 | $3.79B | +1.9% | $2.12 | -8.2% | 11.5% |
| FY2025 Q4 | $4.13B | +4.5% | $2.96 | +3.5% | 14.6% |
| FY2026 Q1 | $4.18B | +4.9% | $2.79 | -2.4% | 13.5% |
| FY2026 Q2Selected | $4.26B | +12.4% | $2.72 | +15.3% | 12.8% |
| FY2026 Q3 | $4.36B | +15.2% | $3.01 | +42.0% | 13.6% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 22, 2026
FY2026 Q2 in brief
Raymond James achieved record quarterly revenues of $3.86 billion, growing 13% year-over-year, as capital markets rebounded with strong March performance.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
GAAP revenue YoY +12.4% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Raymond James Financial (RJF), FY2026 Q2: 7/10. Scores: Raymond James Financial’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: RJF daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What RJF and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“The reason that we had [ TriState ] joined the Raymond James family is because, one, their FBL capability, their blending capability more broadly and also it diversifies the funding sources through its various deposit products.”
Raymond James' acquired TriState Capital drives securities-based lending growth and diversifies deposit funding; deposits up ~50% since the deal.
“starting with Morgan Keegan back in 2012. If you look at our fixed income leadership team, it's still led by legacy Morgan Keegan leaders.”
Raymond James cites its 2012 Morgan Keegan acquisition as a model for keeping acquired franchises and cultures intact; legacy leaders still run fixed income.
“our recent acquisitions of GreensLedge and Clark Capital. Clark Capital is expected to close this quarter.”
Raymond James' pending Clark Capital acquisition, expected to close in the fiscal third quarter, supports its asset management growth strategy.
“broadening and deepening our capabilities through strategic hiring or acquisitions such as GreensLedge, which closed towards the end of the quarter.”
Raymond James closed its GreensLedge acquisition to broaden Capital Markets/investment banking capabilities.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
RJF Raymond James Financial | 7 | +12.4% | |
| BMNR Bitmine Immersion Technologies, Inc. | 6 | +627.6% | |
| CLSK CleanSpark, Inc. | 2 | -24.9% | |
| CRCL Circle Internet Group | 7 | +20.0% | |
| FIGR Figure Technology Solutions, Inc. Class A Common Stock | 9 | +201.4% | |
| GS The Goldman Sachs Group, Inc. | 7 | +13.9% | |
| HOOD Robinhood Markets, Inc. | 8 | +15.1% | |
| MARA Marathon Digital Holdings, Inc. | 2 | -18.4% | |
| MS Morgan Stanley | 9 | +18.8% | |
| RIOT Riot Platforms, Inc. | 6 | +3.6% | |
| SCHW Charles Schwab Corporation | 9 | +9.8% |