U.S. investment bank Jefferies reports revenue in line with expectations for the third quarter. Earnings per share were better than expected.
Revenue rose 8.5 percent to USD 2,222 million (2,047). This compares with the Bloomberg analyst consensus of 2,200.
Earnings per share amounted to USD 1.08 (1.01), which was 8.0 percent above the analyst consensus of 1.00.
A dividend of USD 0.40 is paid for the quarter.
Investment Banking revenue increased 17 percent to USD 1.33 billion, with advisory reaching a record level and increasing 25 percent. Equity Underwriting rose 69 percent. Capital Markets increased 11 percent to USD 802 million. Equities reached a record-high USD 626 million, an increase of 29 percent, while Fixed Income decreased 26 percent to USD 176 million.
Asset management fees and investment returns fell to USD 34 million from USD 84 million. Jefferies also states that Japanese major bank SMBC has increased its ownership to approximately 20 percent and become the largest shareholder.
Jefferies, USD millionQ3-2026ConsensusChange vs consensusQ3-2025ChangeNet revenue2,2222,2001.0%2,0478.5%Earnings per share, USD1.081.008.0%1.016.9%Consensus data from Bloomberg
