Raymond James Financial has surpassed Citizens Financial Group in total market capitalization, reflecting a shift in valuation within the financial services sector. The move highlights the relative growth and investor sentiment favoring the wealth management firm over the commercial banking entity.
- RJF market cap reached $28.06 billion
- CFG market cap stands at $26.18 billion
- RJF shares rose 3.8% and CFG rose 3.5% on the day of reporting
- Ranking shifts impact inclusion in size-specific ETFs and mutual funds
- The move highlights a valuation shift within the financial services sector
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