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Jefferies Quarterly Profit Jumps on Deal Surge, Equities Trading Strength
Investment banking revenue rose 17% to $1.33 billion, while equity underwriting jumped 69% and capital markets trading hit a record, Jefferies said.
- On Monday, Jefferies Financial reported higher third-quarter profit driven by record equities trading and increased fees from deal advisory and underwriting services.
- Global dealmaking crossed $4 trillion this year as corporate boardrooms looked past market volatility, underpinning Jefferies' 17% jump in investment banking revenue to $1.33 billion.
- Equity underwriting revenue surged 69% while capital markets revenue jumped 11% to $802 million, lifting Jefferies to sixth place in global investment banking rankings from eighth.
- Asset management revenue fell 52% to $85.6 million as Jefferies' funds faced exposure to bankrupt First Brands Group and embattled iron ore trader Radiant World.
- CEO Richard Handler and President Brian Friedman stated, "We are very optimistic about the balance of 2026 and our momentum heading into 2027," as results signal trends for JPMorgan, BofA, Citigroup, and Wells Fargo.
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Jefferies' Equity Trading Desk Pulls In Record Quarterly Revenue
·New York, United States
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Jefferies' record equities haul offsets asset management slump
·London, United Kingdom
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(Teleborsa) - Jefferies, U.S. investment bank, reported that the profit attributable to shareholders was $260.6 million, equal to $1.08 per share, in the three months to August 31st...
The company's stock fell in early trading, extending its annual losses of more than 25%...
Coverage Details
Total News Sources15
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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