Raymond James (RJF) Stock Could Be A Bargain Near Fair Value

Raymond James Financial has more than doubled shareholder returns over the past five years, yet an intrinsic value estimate based on an Excess Returns model still points to a meaningful discount to the current share price. With market multiples looking roughly in line with peers, the question is whether the stock’s strong track record already reflects most of the value on offer. Over the past five years, Raymond James Financial has delivered a 107.9% total return, which puts the recent share...