Investor Presentaiton
Historical financial targets
2016
2017
2018
2019
2021
Compensation Ratio(1)
< 68%
< 67%
< 66.5%
< 66.5%
< 70%
Adjusted Pre-Tax Margin (1)
> 16%
> 17%
> 18%
> 18%
15%-16%
Adjusted Return on Equity
11%-12%
14%-15%
16%-17%
16%-17%
14%-15%+
Adjusted Return on Tangible
Common Equity(2)
n/a
n/a
n/a
n/a
16%-17%+
Target Federal Funds range
when RJF targets given
0.25%-0.50%
1.00%-1.25%
1.75%-2.00% 2.25%-2.50%
0.00%-0.25%
81
Note: These targets were operating targets that excluded any potential non-GAAP items and were provided during the Analyst & Investor Day in the respective year.
There was no Analyst & Investor Day event held in 2020. 1. On net revenues. 2. Adjusted Return on Tangible Common Equity target commenced in 2021.
RAYMOND JAMESView entire presentation