Raymond James Financial (RJF) Launches $2 Billion Buyback, Raises Dividend 8% as UBS Initiates Coverage and BofA Lifts Price Target
Raymond James Financial authorized a new $2 billion share repurchase program and raised its quarterly dividend by 8% to $0.54 per share, payable January 16, 2026. The company will also redeem its Series B preferred stock. Bank of America raised its price target to $196, while UBS initiated coverage at Neutral with a $176 target, citing competitive pressures.