Raymond James reports record Q3 net revenues of $3.93B and net income of $595M, driven by strong asset growth.

Raymond James Financial reported record net revenues of $3.93 billion for fiscal Q3 2026, a 16% increase year-over-year, and net income of $595 million, up 42% from the prior year. The growth was fueled by strong performance in its Private Client Group, Asset Management, and Bank segments, with fee-based assets reaching $1.15 trillion and net new domestic assets growing 5.5% quarterly. The company also saw a 25% rise in Capital Markets revenues and a 24% increase in Asset Management revenues. With robust financial advisor recruiting and strong investment banking pipelines, Raymond James enters Q4 with solid momentum and ample capital to support further growth.