Strategic Buyouts & Diverse Revenues Aid Raymond James Amid Cost Woes
Raymond James Financial(RJF) ZACKS·2024-10-11 00:00
Raymond James Financial Inc. (RJF) remains well-positioned for growth on the back of opportunistic acquisitions, favorable segment performance and a solid balance sheet. However, increasing reliance on capital markets for top-line growth and high expenses are headwinds. RJF's Growth Drivers Strategic Acquisitions: Raymond James has been engaged in opportunistic buyouts over the years, which led to its expansions in Europe and Canada. In fiscal 2023, the company acquired Canada-based Solus Trust Company Limi ...