What was Raymond James' revenue in Q3 2026?

Revenue was $3.2 billion, up 16% year-over-year.

Who is Clark Capital, acquired by Raymond James?

Clark Capital is an asset management firm, and the acquisition aims to expand wealth management operations.

How did the Capital Markets segment affect Raymond James' results?

The segment saw revenue decline due to weak M&A activity, negatively impacting overall results.

Did Raymond James provide forward guidance?

No specific numerical guidance was given, but the company expects wealth management growth and gradual capital markets improvement.

How did RJF stock react to Q3 results?

The stock rose 2.5% after the announcement, supported by record revenues and the acquisition.

Raymond James Financial Posts Record Q3 2026 Revenue

Raymond James Financial (RJF) reported record Q3 2026 revenue, up 16% year-over-year, and announced the acquisition of Clark Capital, while facing challenges in its Capital Markets segment.

Raymond James Financial Inc (RJF) reported its fiscal third-quarter 2026 results, posting record revenues with a 16% year-over-year increase, driven by strategic expansion through the acquisition of Clark Capital. However, the Capital Markets segment faced headwinds that tempered overall performance.

Key Financial Results

Metric	Q3 2026	YoY Change
Revenue	$3.2 billion	+16%
Net Income	$450 million	Not disclosed
EPS	$2.10	Not disclosed

Highlights from the Earnings Call

Clark Capital Acquisition: Strategic expansion in asset management.
Capital Markets Segment: Revenue decline due to weak M&A activity.
Wealth Management: Strong growth in assets under management.

Forward Guidance

The company did not provide specific numerical guidance but expects continued growth in wealth management and gradual improvement in capital markets.

Impact on Stock

RJF shares rose 2.5% following the announcement, supported by record revenues and the acquisition, but concerns over capital markets weakness limited gains.

What This Means for Investors

The results highlight the strength of Raymond James' diversified business model, with a focus on wealth management. However, investors should monitor capital markets recovery for sustained growth.