Raymond James Financial (RJF) Launches $2 Billion Buyback, Raises Dividend 8% as UBS Initiates Coverage and BofA Lifts Price Target
Raymond James Financial is closing out the week in the spotlight after a cluster of shareholder-return and analyst-coverage headlines reshaped the near-term narrative around the wealth manager and investment bank. The company has authorized a new $2 billion share repurchase program , raised its quarterly dividend by 8% , and is preparing to redeem its Series B preferred stock —moves that signal confidence in capital generation even as the stock has lagged some major benchmarks.Raymond James+ 1
