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Valued at $25.6 billion by market cap, Saint Petersburg, Florida-based Raymond James Financial, Inc. (RJF) operates as a diversified financial holding company. It provides asset management, banking, research, and other services to individuals, institutions and government entities in North America and Europe.
The financial major is set to unveil its second-quarter results after the markets close on Wednesday, Apr. 23. Ahead of the event, analysts expect RJF to report a non-GAAP profit of $2.52 per share, up a notable 9.1% from $2.31 per share reported in the year-ago quarter. While the company has missed the Street’s earnings estimates once over the past four quarters, it has surpassed the projections on three other occasions.