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Jefferies Profit Rises as Deal Fees and Equities Trading Surge
Jefferies is a company that helps businesses raise money and complete deals.
It earned more profit in its latest quarter than it did during the same period last year.
The company made more money from advising on deals and selling new shares.
Its stock-trading business had a record quarter.
Investment banking revenue rose to $1.33 billion.
However, money from asset management and investment returns dropped sharply.
Jefferies said it feels positive about the rest of 2026 and its progress into 2027.
Its ranking among global investment banks improved to sixth place this year.
Jefferies reported third-quarter profit of $260.6 million, or $1.08 per share, up from $224 million, or $1.01 per share, a year earlier.
Investment banking revenue increased 17% to $1.33 billion, supported by a record advisory quarter.
Equity underwriting revenue surged 69%, helped by market-share gains and increased activity across sectors.
Capital markets revenue rose 11% to $802 million, driven by record equities trading performance.
Asset management fees and investment return revenue fell to $34 million from $84 million, while Jefferies rose to sixth in global investment banking rankings.
- Who
- Jefferies Financial, led by CEO Richard Handler and President Brian Friedman.
- What
- The company reported higher quarterly profit, stronger investment banking revenue and record equities trading performance.
- Where
- Jefferies is based in New York.
- When
- The results covered the three months ended August 31 and were reported on September 28.
- Why
- Profit increased because deal-advisory fees, equity underwriting and equities trading strengthened, although asset management revenue declined.
Key facts
- Quarterly profit
- $260.6 million attributable to Jefferies shareholders
- Earnings per share
- $1.08, compared with $1.01 a year earlier
- Investment banking revenue
- $1.33 billion, up 17%
- Equity underwriting revenue
- Up 69% during the quarter
- Capital markets revenue
- $802 million, up 11%
- Asset management and investment return revenue
- $34 million, down from $84 million a year earlier
- Global investment banking ranking
- Sixth so far this year, up from eighth in the comparable period
Quotes
Richard Handler and Brian Friedman
Jefferies’ chief executive officer and president
“We are very optimistic about the balance of 2026 and our momentum heading into 2027, supported by the breadth and strength of our current backlog and new business activity.”
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Sources
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