Raymond James vs LPL Financial

This page compares business models, financial performance, and market context for Raymond James and LPL Financial in a neutral, accessible way. It presents plain information to help readers understand how each firm operates within the wealth management and advisory sector. Educational content, not financial advice.

This page compares business models, financial performance, and market context for Raymond James and LPL Financial in a neutral, accessible way. It presents plain information to help readers understand...

Comparison Snapshot

Key Financial Metrics

RJF

Metric

LPLA

$33.46B

Market Cap

$28.73B

6.56%

Potential Profit

21.70%

Hold

Analyst Rating

Buy

Why It's Moving

Raymond James Strikes Strategic Deal to Acquire Clark Capital, Bolstering Wealth Management Reach

Acquisition of Clark Capital expected to enhance wealth-focused solutions and integrate new assets into Raymond James' platform.
Analysts slightly trimmed fair value to $182.82 but raised revenue growth outlook to 8.90%, citing stronger transactional revenues and investment banking fees.
Recent 8% dividend hike to $0.54 per share underscores disciplined capital returns alongside stable balance sheet metrics.

Sentiment:

🐃Bullish

LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.

Zacks Earnings ESP sits at +0.06% paired with a Zacks Rank #3, pointing to heightened analyst optimism after LPL topped estimates by 16.33% and 7.13% in the last two quarters.
CEO Richard Steinmeier offloaded over 5,000 shares worth $1.88 million in early December, part of $2.75 million in insider sales over 90 days amid a 12% share price gain.
Leadership hires and integrations like Atria and Commonwealth bolster market share, supporting a narrative of 15.6% undervaluation despite trading at a premium P/E multiple.

Sentiment:

🐃Bullish

Raymond James Strikes Strategic Deal to Acquire Clark Capital, Bolstering Wealth Management Reach

Acquisition of Clark Capital expected to enhance wealth-focused solutions and integrate new assets into Raymond James' platform.
Analysts slightly trimmed fair value to $182.82 but raised revenue growth outlook to 8.90%, citing stronger transactional revenues and investment banking fees.
Recent 8% dividend hike to $0.54 per share underscores disciplined capital returns alongside stable balance sheet metrics.

Sentiment:

🐃Bullish

LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.

Zacks Earnings ESP sits at +0.06% paired with a Zacks Rank #3, pointing to heightened analyst optimism after LPL topped estimates by 16.33% and 7.13% in the last two quarters.
CEO Richard Steinmeier offloaded over 5,000 shares worth $1.88 million in early December, part of $2.75 million in insider sales over 90 days amid a 12% share price gain.
Leadership hires and integrations like Atria and Commonwealth bolster market share, supporting a narrative of 15.6% undervaluation despite trading at a premium P/E multiple.

Sentiment:

🐃Bullish

Investment Analysis

Raymond James

RJF

Pros

Raymond James has demonstrated solid revenue growth, with a 9.6% increase in the past year driven by strong brokerage and investment banking performance.
The company maintains a healthy net profit margin of around 15% and a robust return on equity, indicating efficient management and profitability.
Raymond James operates with a diversified business model across private client, capital markets, and asset management, reducing reliance on any single revenue stream.

Considerations

Asset management revenue has declined recently, offsetting gains in other segments and raising concerns about diversification effectiveness.
The stock trades at a higher P/E ratio than some peers, which may limit upside if earnings growth slows or market sentiment shifts.
Operating expenses have risen, pressuring margins despite strong top-line growth and increased interest income.

LPL Financial

LPLA

Pros

LPL Financial has delivered strong risk-adjusted returns, outperforming many peers in recent years with a higher Sharpe ratio.
The company benefits from a scalable business model focused on independent advisors, supporting consistent revenue and margin expansion.
LPL maintains a relatively low debt-to-equity ratio, providing financial flexibility and resilience during market downturns.

Considerations

LPL's revenue growth has lagged behind Raymond James, with a smaller increase in top-line performance over the past year.
The company is more exposed to market volatility due to its heavy reliance on brokerage and advisory fees, which can fluctuate with equity markets.
LPL has experienced higher drawdowns in previous market corrections, indicating greater downside risk during periods of economic stress.

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About The Companies

Raymond James (RJF)

Raymond James Financial, Inc. (RJF) is a diversified US financial services firm best known for its wealth management and investment banking operations. The company combines a large network of financial advisers with capital markets, institutional services and asset management offerings, creating a mix of fee-based and transactional revenue. Investors often watch RJF for its relatively stable recurring revenue from advisory and asset-based fees, which can help smooth volatility from trading and underwriting cycles. That said, results remain sensitive to market conditions, interest rates and investor sentiment, and earnings can fluctuate with market activity. The firm has a history of reinvesting in its advice network and technology to expand client relationships, but faces regulatory oversight and competitive pressures. This summary is educational only, not personalised advice; potential investors should consider risk tolerance, time horizon and seek independent advice when evaluating RJF.

LPL Financial (LPLA)

LPL Financial Holdings Inc. (LPLA) is a US-focused independent broker‑dealer and custodian that serves independent financial advisers, registered investment advisers (RIAs) and small institutions. The company generates revenue from transaction fees, asset‑based fees, advisory platforms and services such as technology and clearing. With a market cap of about $27.06 billion, LPL benefits from scale, a broad distribution network and trends towards adviser independence and RIA growth. Investors should note revenue and margins are linked to assets under administration, market volatility and advisor activity. Regulatory scrutiny, compliance costs, competition from wirehouses and custody platforms, plus integration risks from acquisitions, can affect performance. LPL’s capital returns and strategic investments support growth, but like all equities its share price can fall as well as rise. This is general information only and not personalised investment advice; suitability depends on individual circumstances.

Raymond James (RJF) Next Earnings Date

Raymond James (RJF) is scheduled to release its next earnings on January 28, 2026, after market close at approximately 4:15 p.m. ET, followed by a conference call at 5:00 p.m. ET. This report will cover Q1 fiscal 2026 (quarter ending December 2025). Investors should note this aligns with the company's announced fiscal 2026 schedule.

LPL Financial (LPLA) Next Earnings Date

LPL Financial (LPLA) is scheduled to report earnings on January 29, 2026, which is three days from today. The report will cover the fourth quarter and full fiscal year 2025, released after market close. Based on analyst consensus, the company is expected to report earnings per share of approximately $4.85, representing a modest decline from the prior year's quarter. Given LPL Financial's recent track record of beating estimates by an average of 11.73% over the last two quarters, investors should monitor whether the company continues this positive earnings surprise trend.

Raymond James (RJF) Next Earnings Date

Raymond James (RJF) is scheduled to release its next earnings on January 28, 2026, after market close at approximately 4:15 p.m. ET, followed by a conference call at 5:00 p.m. ET. This report will cover Q1 fiscal 2026 (quarter ending December 2025). Investors should note this aligns with the company's announced fiscal 2026 schedule.

LPL Financial (LPLA) Next Earnings Date

LPL Financial (LPLA) is scheduled to report earnings on January 29, 2026, which is three days from today. The report will cover the fourth quarter and full fiscal year 2025, released after market close. Based on analyst consensus, the company is expected to report earnings per share of approximately $4.85, representing a modest decline from the prior year's quarter. Given LPL Financial's recent track record of beating estimates by an average of 11.73% over the last two quarters, investors should monitor whether the company continues this positive earnings surprise trend.

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Which Baskets Do They Appear In?

Anti-Fragile Systems

Companies that don't just survive market chaos—they thrive on it. These carefully selected stocks are designed to become more profitable during volatility, offering you a unique way to potentially benefit from uncertain times.

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Comparison Snapshot

Why It's Moving

Raymond James Strikes Strategic Deal to Acquire Clark Capital, Bolstering Wealth Management Reach

LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.

Raymond James Strikes Strategic Deal to Acquire Clark Capital, Bolstering Wealth Management Reach

LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.