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Valued at a market cap of $26.4 billion, Raymond James Financial, Inc. (RJF) is a diversified financial services company that provides capital markets, asset management, banking, and other tailored services to individuals, corporations, and municipalities. The Saint Petersburg, Florida-based company is expected to announce its fiscal Q4 earnings results after the market closes on Wednesday, Oct. 23.
Ahead of this event, analysts expect the investment banking company to report a profit of $2.45 per share, up 15% from $2.13 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on other two occasions. In Q3, the company reported an EPS of $2.39, topping the consensus estimates by 3.5%.
