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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This announced acquisition, along with that of Green'sledge, demonstrates our steadfast pursuit of acquisitions”
Raymond James announced acquiring boutique investment bank GreensLedge, expanding its Capital Markets platform; expected to close later in the year.
“we announced the acquisition of Clark Capital Management, a leading asset management firm specializing in wealth-focused solutions to financial advisers and their clients”
Raymond James announced acquiring Clark Capital Management (~$46B combined AUM/AUA), a wealth-focused asset manager, to strengthen its Investment Management model-portfolio and SMA/UMA offerings.
“If you look at our fixed income and public finance leadership today, it's operated by the Morgan Keegan leadership, which we acquired back in 2012, as an example.”
Raymond James references its 2012 Morgan Keegan acquisition as evidence of its track record of retaining acquired leadership, in the context of its M&A criteria.
“we recently announced the acquisition of GreensLedge, a boutique investment bank recognized for its expertise in structured credit and securitizations, and the transaction we anticipate should close later this fiscal year.”
Raymond James is acquiring GreensLedge, a boutique investment bank strong in structured credit and securitizations, to add securitization capability to its capital markets platform.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Blostein | Goldman Sachs | 14 (7%) |
| Mike Cyprys | Morgan Stanley | 14 (0%) |
| Mike Cho | JPMorgan | 12 (0%) |
| Devin Ryan | Citizens JMP Securities | 12 (0%) |
| Will Katz | TD Cowen | 12 (0%) |
| Dan Fannon | Jefferies | 11 (9%) |
| Steve Chubak | Wolfe Research | 10 (20%) |
| Jim Mitchell | Seaport Research Partners | 10 (10%) |
| Brennan Hawken | BMO Capital Markets | 9 (11%) |
| Kyle Voigt | KBW | 8 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 14 (0%) |
| Goldman Sachs | 1 | 14 (7%) |
| JPMorgan | 1 | 12 (0%) |
| TD Cowen | 1 |
Raymond James reported Q1 record net revenues of $3.7 billion with 8% net new asset growth, as PCG fee-based assets reached $1.04 trillion up 19% year-over-year. Bank loans set another record at $53.4 billion with SBL up 28%, and the Clark Capital acquisition expanded asset management capabilities. The record asset management segment delivered $143 million in pretax income, while an AI agent launch was accompanied by $1.1 billion in technology investment.
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 |
| 12 (0%) |
| Citizens JMP Securities | 1 | 12 (0%) |
| Jefferies | 1 | 11 (9%) |
| Wolfe Research | 1 | 10 (20%) |
| Seaport Research Partners | 1 | 10 (10%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
RJF Raymond James Financial | 7 | +12.4% | |
| GS The Goldman Sachs Group, Inc. | 9 | +22.9% | |
| HOOD Robinhood Markets, Inc. | 8 | +15.1% | |
| MS Morgan Stanley | 9 | +18.8% | |
| RIOT Riot Platforms, Inc. | 6 | +3.6% | |
| SCHW Charles Schwab Corporation | 9 | +9.8% |