Raymond James Financial (NYSE:RJF) Sets New 52-Week High - Here's What Happened

Raymond James Financial (NYSE:RJF) recently hit a new 52-week high of $178.17, with its stock closing up approximately 1.5%. The company also reported strong quarterly earnings of $3.14 per share, surpassing analyst expectations, and a 15.6% year-over-year revenue increase to $3.93 billion. Despite this performance, analyst sentiment remains cautious with a consensus "Hold" rating and an average price target of $179.64.