Raymond James Financial

Halal Rating :
Uncomfortable
Last Price $145
Market Cap $29.36b
1D Change

0.43 %

1 Year Change

21.24 %

Next Earnings Date

Yet to be announced

Company Overview

Raymond James Financial, Inc. provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds. The Capital Markets segment provides investment banking services, including equity underwriting and debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management and related administrative services to retail and institutional clients.

Revenue Sources

Fail

Based on the financial data and reviewing the company's business model, Raymond James Financial derives a significant portion of its revenue from interest-based lending and traditional banking activities. The company's banking segment offers traditional lending services, and the company earns substantial interest income from these activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $3.46b $-1,600,000,000.0 $-1,600,000,000.0 $-1,600,000,000.0 46.16% 100.00%
June 30, 2024 $3.23b $534.0m $523.0m $534.0m 16.20% 100.00%

Analysis of the provided financial data shows that interest income and expense play a material role in Raymond James Financial's business model. In all four quarters reviewed, both interest income and interest expense represent a significant portion of the company's revenue and expenses, indicating that interest-based activities are core to their business operations.

Operational Ethics

Pass

After reviewing available public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations.

Rating Justification

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