Raymond James Financial (NYSE:RJF) is a high-quality investment bank/broker dealer with one of the best track records in the business. The company has grown EPS by 10% per year over the past decade, never lost money in 2009, and boasts an overcapitalized balance sheet. Perhaps most importantly, the company is well run by extremely smart, yet conservative managers who never played the prop trading game, or over-levered the bank despite plenty of capacity to leading up to the Great Recession.
While the firm is not immune to market downturns, we deem the latest one as providing investors with an excellent opportunity to invest in RJF stock at a bargain valuation. Indeed, Raymond James now trades at a near
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