Raymond James Financial, Inc. (NYSE: RJF) released its operating data for April 2025, revealing key insights into its performance over the month and year. The company reported that client assets under administration increased by 9% over the prior year period, reaching $1,530.7 billion. This represents a relatively flat performance compared to the preceding month.
In the private client group, assets under administration also experienced a 9% increase from the prior year period, totaling $1,469.5 billion. Additionally, assets in fee-based accounts within the private client group saw a notable 12% increase year-over-year, reaching $873.3 billion.
Financial assets under management experienced a 12% increase from the prior year, reaching $245.5 billion. Bank loans, net also saw a 10% increase year-over-year, totaling $48.8 billion.
However, clients' domestic cash sweep and Enhanced Savings Program balances saw a decline of 1% year-over-year and 4% sequentially. The balances stood at $55.6 billion, which the company attributed to quarterly fee billings and seasonal tax payments.
Raymond James Financial's CEO, Paul Shoukry, noted that the timing of investment banking closings was impacted by macroeconomic uncertainty, despite a strong pipeline.
The market has reacted to these announcements by moving the company's shares -2.73% to a price of $148.46. For the full picture, make sure to review RAYMOND JAMES FINANCIAL INC's 8-K report.
