Raymond James Financial Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents

Raymond James Financial Inc Q2 2021 Earnings Call Summary

Raymond James Financial Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents
Raymond James Financial Inc Q2 2021 Earnings Call Summary
Published Apr 29, 2021
15 pages (8666 words) — Published Apr 29, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of RJF.N earnings conference call or presentation 29-Apr-21 12:15pm GMT

  
Brief Excerpt:

...It has been a year since financial markets bottomed and Federal Reserve cut short-term interest rates to near zero. 1. Move reduced Co.'s pre-tax run rate by 40%. a. b. Stock market has seen an incredible run since 2020, with S&P 500 up 54% YoverY. 2. While aforementioned tailwind has helped fuel Co.'s strong results, records it generated during 2Q21 and 1H21 have been driven by RJF's commitment to providing excellent service to advisors and their clients during this difficult and unprecedented time. B. Results: Record qtr. 1. 2. Net revenues $2.37b; record. Up 15% YoverY and 7% QoverQ. a. 3. Record net income of $355m, or $2.51 per diluted share, up 110% over 2Q20's net income and 14% QoverQ. 4. Annualized ROE was 19% and return on tangible common equity was 21.2%. Extremely impressive result, especially in this near-zero rate environment, and given Co.'s strong capital position. a. 5. Record quarterly revenues were primarily driven by higher asset management and related administrative...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Raymond James Financial Inc
Ticker
RJF.N
Time
12:15pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Gautam Dileep Sawant - CrTdit Suisse AG, Research Division - Analyst : This is Gautam Sawant filling in for Craig. Can you please expand on this competition you're seeing within the employee and independent channel? And how your transition assistance is positioned following the increase? And could you also speak to some of the additional differentiated technology in your platform relative to peers?

Question: Gautam Dileep Sawant - CrTdit Suisse AG, Research Division - Analyst : If you can just expand on some of the differentiated technology on your platform relative to some of your peers?

Table Of Contents

Raymond James Financial Inc Q3 2021 Earnings Call Summary – 2021-07-29 – US$ 54.00 – Edited Brief of RJF.N earnings conference call or presentation 29-Jul-21 12:15pm GMT

Redwood Trust Inc Non-Agency Market Trends Webcast Hosted by Raymond James Transcript – 2021-06-29 – US$ 54.00 – Edited Transcript of RJF.N brokerage analyst conference call 29-Jun-21 3:00pm GMT

Raymond James Financial Inc at Morgan Stanley US Financials, Payments & Commercial Real Estate Conference (Virtual) Transcript – 2021-06-14 – US$ 54.00 – Edited Transcript of RJF.N presentation 14-Jun-21 2:15pm GMT

Raymond James Financial Inc Analyst and Investor Day Transcript – 2021-05-27 – US$ 54.00 – Edited Transcript of RJF.N corporate analyst meeting</ 27-May-21 2:00pm GMT

Raymond James Financial Inc Q2 2021 Earnings Call Transcript – 2021-04-29 – US$ 54.00 – Edited Transcript of RJF.N earnings conference call or presentation 29-Apr-21 12:15pm GMT

Box Inc Content Cloud Presentation Hosted by Raymond James Financial Inc Transcript – 2021-04-14 – US$ 54.00 – Edited Transcript of RJF.N brokerage analyst conference call 14-Apr-21 5:00pm GMT

Raymond James Financial Inc at Raymond James Institutional Investors Conference (Virtual) Transcript – 2021-03-01 – US$ 54.00 – Edited Transcript of RJF.N presentation 1-Mar-21 3:00pm GMT

Raymond James Financial Inc at Credit Suisse Virtual Financial Services Forum (Virtual) Transcript – 2021-02-25 – US$ 54.00 – Edited Transcript of RJF.N presentation 25-Feb-21 3:30pm GMT

Raymond James Financial Inc Annual Shareholders Meeting Transcript – 2021-02-18 – US$ 54.00 – Edited Transcript of RJF.N shareholder or annual meeting 18-Feb-21 9:30pm GMT

Raymond James Financial Inc Q1 2021 Earnings Call Summary – 2021-01-28 – US$ 54.00 – Edited Brief of RJF.N earnings conference call or presentation 28-Jan-21 1:15pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Raymond James Financial Inc Q2 2021 Earnings Call Summary" Apr 29, 2021. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Raymond-James-Financial-Inc-Earnings-Call-B14667043>
  
APA:
Thomson StreetEvents. (2021). Raymond James Financial Inc Q2 2021 Earnings Call Summary Apr 29, 2021. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Raymond-James-Financial-Inc-Earnings-Call-B14667043>
  
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