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StocksMediumUpdated•Originally published 15 April 2026•Updated 17 April 2026•

1 min read

Oakmark Fund Praises Raymond James Financial’s Robust Wealth Management Growth

Key Facts

1Oakmark Fund highlighted Raymond James Financial (RJF) in its Q1 2026 investor letter, praising its market share gains in wealth management.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The story was updated to include specific valuation metrics indicating the stock is 17% undervalued, while adding details on banking sector loan growth and risks associated with technology spending.

Oakmark Fund highlighted Raymond James Financial (RJF) in its Q1 2026 investor letter, praising its significant market share gains within the wealth management sector. The firm is currently considered undervalued, with an estimated fair value of $182.75 compared to its trading price of $150.86. Furthermore, strong loan growth within the company's banking segment is contributing to a positive outlook, alongside its flexible affiliation models for advisors. However, the fund noted that market uncertainties and the scale of technology spending pose potential risks to future performance. This assessment reflects institutional confidence in RJF’s fundamentals despite broader interest in high-growth tech sectors. Investors continue to monitor the company's ability to maintain momentum amidst shifting economic conditions.