Raymond James Financial (RJF) : Traders are bullish on Raymond James Financial (RJF) as it has outperformed the S&P 500 by a margin of 3.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.99% in the last 1 week, and is up 10.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Raymond James Financial (NYSE:RJF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.92 and $53.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.86, notching a gain of 0.35% for the day. The total traded volume was 1,241,959 . The stock had closed at $53.67 on the previous day.
The stock has recorded a 20-day Moving Average of 6.8% and the 50-Day Moving Average is 3.64%. Raymond James Financial, Inc. is up 0.31% in the last 3-month period. Year-to-Date the stock performance stands at -6.3%.
Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.