Raymond James vs Brown & Brown
Diversified US financial services firm with wealth management vs Financial services company. Which is the better buy for your portfolio in July 2026? Plain-English answer below.
Raymond James has built one of the strongest financial advisor networks in the industry and keeps expanding through both recruiting and acquisitions, while Brown and Brown is one of the country's fastest-growing insurance brokerages with an aggressive acquisition strategy of its own. Both companies are in the business of delivering advice and risk management products to clients who value relationships over price, and both have compounded earnings impressively. The Raymond James vs Brown and Brown comparison explores how a wealth-management-driven firm's fee revenue mix compares to an insurance brokerage's organic growth rate and margin profile.
Raymond James has built one of the strongest financial advisor networks in the industry and keeps expanding through both recruiting and acquisitions, while Brown and Brown is one of the country's fast...
Why It’s Moving
RJF edges higher as analysts lean on steady earnings momentum and moderate upside expectations.
- Analyst models continue to frame RJF as a modest upside story, with recent 12-month targets clustering above the current share price, which suggests expectations for steady earnings growth rather than a sharp rerating.
- The latest read-through from Wall Street points to a largely neutral-to-positive stance, implying investors are focused on whether Raymond James can keep converting strong client activity and market volumes into durable fee and lending revenue.
- With no major company-specific catalyst in the last week, the stock appears to be moving more on broader financial-sector sentiment and analyst target updates than on fresh operational news.
BRO stays in focus as analysts keep the name on a constructive path despite a quiet news flow.
- No major company-specific news, earnings release, or fresh macro catalyst for Brown & Brown showed up in the past 7 days, so the move is being driven more by analyst positioning than a new fundamental surprise.
- Recent analyst forecasts remain supportive, with multiple shops keeping a constructive tone and implied upside ranging from the teens to the high 20s, which is helping keep sentiment steady around the name.
- The broader insurance-brokerage backdrop remains resilient, and investors appear to be favoring steady-fee, lower-cyclical businesses as they look for earnings visibility and defensive growth.
RJF edges higher as analysts lean on steady earnings momentum and moderate upside expectations.
- Analyst models continue to frame RJF as a modest upside story, with recent 12-month targets clustering above the current share price, which suggests expectations for steady earnings growth rather than a sharp rerating.
- The latest read-through from Wall Street points to a largely neutral-to-positive stance, implying investors are focused on whether Raymond James can keep converting strong client activity and market volumes into durable fee and lending revenue.
- With no major company-specific catalyst in the last week, the stock appears to be moving more on broader financial-sector sentiment and analyst target updates than on fresh operational news.
BRO stays in focus as analysts keep the name on a constructive path despite a quiet news flow.
- No major company-specific news, earnings release, or fresh macro catalyst for Brown & Brown showed up in the past 7 days, so the move is being driven more by analyst positioning than a new fundamental surprise.
- Recent analyst forecasts remain supportive, with multiple shops keeping a constructive tone and implied upside ranging from the teens to the high 20s, which is helping keep sentiment steady around the name.
- The broader insurance-brokerage backdrop remains resilient, and investors appear to be favoring steady-fee, lower-cyclical businesses as they look for earnings visibility and defensive growth.
Investment Analysis
Pros
- Raymond James Financial showed strong revenue growth of 9.62% in 2025, reaching $14.03 billion compared to $12.80 billion the prior year.
- The company maintains solid profitability with net income of $2.13 billion and earnings per share of $10.30.
- Upward revisions in EPS estimates for 2026 and 2027 by analysts reflect confidence in brokerage revenue, investment banking, and interest income growth.
Considerations
- Higher expenses and a decline in asset management revenue slightly offset revenue gains, indicating operational cost pressures.
- Analysts' price targets show modest upside with mixed sentiment as some maintain neutral Equalweight ratings, suggesting limited near-term share price momentum.
- The company’s beta of 1.05 signals moderate stock volatility, reflecting sensitivity to market fluctuations that could affect returns.
Pros
- Brown & Brown Inc. is a leading insurance brokerage with diversified revenue streams that provide resilience against sector cyclicality.
- The company has demonstrated consistent acquisition-driven growth that expands its market share and geographic footprint.
- Strong capital management and conservative leverage enhance Brown & Brown’s financial stability and liquidity position.
Considerations
- Exposure to regulatory changes in the insurance industry poses ongoing compliance risks that could impact profitability.
- Growth performance may face headwinds from increasing competition within the insurance brokerage sector.
- Brown & Brown’s stock price shows moderate volatility, reflecting sensitivity to macroeconomic cycles affecting insurance demand.
Raymond James (RJF) Next Earnings Date
Raymond James Financial (RJF) is expected to report its next earnings on July 22, 2026, after the market closes. This upcoming report will cover the fiscal third quarter of 2026, which ends in June 2026. The company officially announced this date in its fiscal year 2026 earnings schedule released in January 2026, with a conference call set for 5:00 PM ET. Investors should note that RJF has not yet provided a confirmed post-earnings update, as this date remains the current official expectation.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown (BRO) is expected to release its next earnings report for Q2 2026 on July 27, 2026, after the market closes. This estimated date aligns with the company’s historical reporting schedule, though the company has not yet officially confirmed the publication date. The upcoming earnings call is scheduled to follow on July 28, 2026, at 8:00 AM ET, where executives will discuss the financial results and outlook. Investors should monitor official investor relations announcements for any potential updates to this timeline.
Raymond James (RJF) Next Earnings Date
Raymond James Financial (RJF) is expected to report its next earnings on July 22, 2026, after the market closes. This upcoming report will cover the fiscal third quarter of 2026, which ends in June 2026. The company officially announced this date in its fiscal year 2026 earnings schedule released in January 2026, with a conference call set for 5:00 PM ET. Investors should note that RJF has not yet provided a confirmed post-earnings update, as this date remains the current official expectation.
Brown & Brown (BRO) Next Earnings Date
Brown & Brown (BRO) is expected to release its next earnings report for Q2 2026 on July 27, 2026, after the market closes. This estimated date aligns with the company’s historical reporting schedule, though the company has not yet officially confirmed the publication date. The upcoming earnings call is scheduled to follow on July 28, 2026, at 8:00 AM ET, where executives will discuss the financial results and outlook. Investors should monitor official investor relations announcements for any potential updates to this timeline.
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