Jul. 24 at 11:16 AM
$RJF earnings miss — what went wrong? 📉
Adjusted EPS of
$2.18 fell short of the
$2.37 Zacks Consensus Estimate, hit by a
$58M legal reserve and rising costs. Yet, investment banking and trading segments showed strength, boosting revenues to
$3.40B, ahead of expectations.
Full breakdown here 👉 https://www.zacks.com/stock/news/2611883/rjf-falls-as-q3-earnings-lag-on-legal-reserve-ib-trading-stay-solid?cid=sm-stocktwits-2-2611883-body-3477&ADID=SYND_STOCKTWITS_TWEET_2_2611883_BODY_3477