April 23 (Reuters) - Raymond James Financial RJF.N missed estimates for second-quarter revenue as uncertainty around U.S. tariffs impacted its investment banking business, sending the wealth manager's shares down 2.5% after hours on Wednesday.

Global dealmaking is under pressure and companies are taking a wait-and-see approach as the Trump administration's whiplash trade policies fuel economic uncertainty, recession fears and inflationary pressures.

The St. Petersburg, Florida-based company reported Investment banking revenues of $216 million for the quarter, missing analysts' estimates of $251.1 million, according to data compiled by LSEG.

"The investment banking pipeline remains robust, although the timing of closings has been impacted by the macroeconomic uncertainty associated with tariff negotiations," said CEO Paul Shoukry.

Quarterly net revenue jumped 6% to about $2.49 billion in the firm's private client group segment, primarily driven by higher asset management fees and related administrative fees.

Private client group is the company's biggest source of revenue. The unit provides specialized financial services such as wealth management to high-net-worth individuals, families, and businesses.

Its total revenue of $3.40 billion also came in below estimates of $3.42 billion.

(Reporting by Atharva Singh; Editing by Devika Syamnath)

((Atharva.Singh@thomsonreuters.com;))