Raymond James Q2 Earnings Projected Up 14% on 28.8% Net Interest Income Jump

Raymond James will announce its Q2 fiscal 2026 results after the market close on April 22. The company’s earnings and revenues are forecast to rise on a year‑over‑year basis, following a quarter in which it beat the Zacks consensus estimate by a modest margin.

The Zacks consensus estimate for Q2 earnings is $2.76, reflecting a 14.1% increase from the same period last year. Investment banking fees are projected at $215.5 million, essentially unchanged year‑over‑year. Net interest income is forecast at $539.8 million, up 28.8% year‑over‑year, driven by steady Federal Reserve rates, loan‑book growth and stable deposit costs.

If the estimates hold, earnings growth will outpace the 10.2% consensus revenue increase, indicating improved profitability from the interest‑rate environment. Trading revenues are also expected to benefit from heightened volatility in equities, commodities and foreign exchange.