Raymond James vs M&T Bank

Raymond James and M&T Bank are featured on this page to compare business models, financial performance, and market context. The comparison aims to present clear, neutral insights into how each institution operates, how they generate value, and how their strengths and challenges are viewed in the market. Educational content, not financial advice.

Raymond James and M&T Bank are featured on this page to compare business models, financial performance, and market context. The comparison aims to present clear, neutral insights into how each institu...

Comparison Snapshot

Key Financial Metrics

RJF

Metric

MTB

$33.10B

Market Cap

$32.15B

5.90%

Potential Profit

3.70%

Hold

Analyst Rating

Buy

Why It's Moving

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

Acquisition targets Clark Capital's $46B AUM, enhancing Raymond James' scale in asset management.
TD Cowen lifted its price target to $187 from $180 on January 14, signaling analyst optimism for growth.
Recent stock momentum shows gains in 7 of last 10 days, reflecting positive market reception to strategic developments.

Sentiment:

🐃Bullish

M&T Bank Delivers Q4 Earnings Beat with Record Profits, Bolstering Margin Strength Amid Regional Bank Scrutiny.

EPS topped consensus by $0.25 at $4.72, with revenue edging out estimates at $2.48 billion, highlighting stronger-than-expected profitability from higher NII and mortgage banking rebound.
Net margins hit 31% through tighter cost controls, up from prior year, reinforcing efficiency gains even as operating expenses drew investor caution.
Asset quality sharpened with non-accruals down 26% and CET1 at 10.84%, positioning M&T for opportunistic buybacks, dividends, and M&A in 2026.

Sentiment:

🐃Bullish

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

Acquisition targets Clark Capital's $46B AUM, enhancing Raymond James' scale in asset management.
TD Cowen lifted its price target to $187 from $180 on January 14, signaling analyst optimism for growth.
Recent stock momentum shows gains in 7 of last 10 days, reflecting positive market reception to strategic developments.

Sentiment:

🐃Bullish

M&T Bank Delivers Q4 Earnings Beat with Record Profits, Bolstering Margin Strength Amid Regional Bank Scrutiny.

EPS topped consensus by $0.25 at $4.72, with revenue edging out estimates at $2.48 billion, highlighting stronger-than-expected profitability from higher NII and mortgage banking rebound.
Net margins hit 31% through tighter cost controls, up from prior year, reinforcing efficiency gains even as operating expenses drew investor caution.
Asset quality sharpened with non-accruals down 26% and CET1 at 10.84%, positioning M&T for opportunistic buybacks, dividends, and M&A in 2026.

Sentiment:

🐃Bullish

Investment Analysis

Raymond James

RJF

Pros

Consistent earnings growth, with record fiscal 2025 net revenue and pre-tax income reflecting a multi-year upward trend in both top and bottom lines.
High gross margin above 93% and a solid return on equity near 18% indicate exceptional operational efficiency and profitability in financial services.
Strong dividend track record, having paid dividends annually for 41 consecutive years, underpinning commitment to shareholder returns even during market cycles.

Considerations

Valuation appears relatively full after recent outperformance, with the stock trading near the higher end of its 52-week range and above some analyst price targets.
Exposure to market-sensitive revenues in wealth management and capital markets could amplify volatility during economic downturns or equity market corrections.
Ongoing heavy investment in technology and AI, while a long-term positive, may pressure near-term margins if integration or payback timelines lag expectations.

M&T Bank

MTB

Pros

Regional banking footprint with loyal commercial and retail client base provides stable, recurring revenue streams even in challenging interest rate environments.
Conservative underwriting and a sound balance sheet, with lower-than-peer non-performing assets, support resilience across credit cycles.
Prudent capital management, including share buybacks and a growing dividend, reflects a disciplined approach to capital allocation and investor returns.

Considerations

Concentration in US Northeast and Mid-Atlantic regions limits geographic diversification and increases exposure to local economic or property market downturns.
Net interest income growth remains pressured in a rising rate environment, as deposit costs rise faster than loan yields, compressing margins.
Modest organic loan growth compared to peers may limit upside in earnings momentum unless acquisitive or expansion strategies accelerate materially.

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.

M&T Bank (MTB)

M&T Bank Corporation (MTB) is a regional U.S. commercial bank headquartered in Buffalo, New York, with a market capitalisation of around $28.1bn. The group focuses on commercial and retail banking, including commercial real estate, middle-market lending, and deposit services through a network of branches and digital channels. Historically known for conservative underwriting and pragmatic management, M&T has been a steady dividend payer and has grown through selective acquisitions. Key drivers for the bank include loan growth, net interest margin (sensitivity to interest-rate moves), and credit quality across its portfolio. Key risks include loan-loss experience during economic downturns, regulatory and compliance costs, competition from larger banks and fintech, and sensitivity to commercial real estate performance. This summary is educational and not personal advice; investors should consider their own objectives and seek regulated advice as needed. Past performance is not a guide to the future and the value of shares can fall as well as rise.

Raymond James (RJF) Next Earnings Date

Raymond James Financial (RJF) is expected to report its next earnings on January 28, 2026. This release will cover Q1 2026 results, following the Q4 2025 report issued on October 22, 2025. Note that the date remains an estimate, as the company has not yet officially confirmed it.

M&T Bank (MTB) Next Earnings Date

M&T Bank's next earnings release is expected on April 14, 2026, covering the first quarter of 2026. This date aligns with the company's typical earnings release schedule, which has historically occurred in mid-April for Q1 results. Based on analyst expectations, the company is projected to report earnings per share of approximately $3.98 for that quarter. Investors should monitor this release for updates on the company's margin performance and cost management initiatives.

Raymond James (RJF) Next Earnings Date

Raymond James Financial (RJF) is expected to report its next earnings on January 28, 2026. This release will cover Q1 2026 results, following the Q4 2025 report issued on October 22, 2025. Note that the date remains an estimate, as the company has not yet officially confirmed it.

M&T Bank (MTB) Next Earnings Date

M&T Bank's next earnings release is expected on April 14, 2026, covering the first quarter of 2026. This date aligns with the company's typical earnings release schedule, which has historically occurred in mid-April for Q1 results. Based on analyst expectations, the company is projected to report earnings per share of approximately $3.98 for that quarter. Investors should monitor this release for updates on the company's margin performance and cost management initiatives.

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.

Published: June 17, 2025

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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.

Published: June 17, 2025

Explore Basket

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Comparison Snapshot

Why It's Moving

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

M&T Bank Delivers Q4 Earnings Beat with Record Profits, Bolstering Margin Strength Amid Regional Bank Scrutiny.

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

M&T Bank Delivers Q4 Earnings Beat with Record Profits, Bolstering Margin Strength Amid Regional Bank Scrutiny.