Raymond James Outlines $2.5 Billion Fiscal 2027 Non-Compensation Expense Target

Raymond James Financial, Inc. outlined a $2.5 billion target for fiscal 2027 non-compensation expenses and forecast about 1% sequential growth in two fee and interest income measures in its first fiscal quarter. Asset management and administrative fees are expected to increase about 1% from the previous quarter. Higher asset levels in the firm’s Private Client Group underpin a separate projection for an approximately 1% quarter-over-quarter gain in net interest income combined with RJBDP fees. Record net revenue and net income marked both Raymond James’ fiscal fourth quarter and full fiscal 2026.

Source: TokenPost