Jefferies Financial Group reported third-quarter 2026 net revenues of $2.22 billion and net earnings attributable to common shareholders of $261 million, with diluted earnings per voting common share of $1.08 and a return on adjusted tangible shareholders' equity of 13.5%. Investment banking net revenues rose 17% year over year to $1.33 billion, driven by a record quarter in Advisory, up 25%, and Equity Underwriting, up 69%. Capital markets net revenues were $802 million, up 11%, as record Equities net revenues of $626 million, up 29%, offset Fixed Income net revenues of $176 million, down 26%. Asset management net revenues fell to $85.6 million from $176.9 million a year earlier on weaker fund performance. The board declared a quarterly cash dividend of $0.40 per common share, payable November 25, 2026 to holders of record on November 16, 2026, and raised its share buyback authorization back to $250 million after repurchasing 1.3 million shares for $70 million during the quarter. Jefferies also said SMBC has increased its equity ownership to approximately 20%, making it the largest shareholder, and that their planned Japan joint venture is expected to begin serving clients in January 2027.
Jefferies Financial Group IncJefferies reported record Q3 2026 investment banking and equities revenue with $261M net earnings, plus a raised $250M buyback and $0.40 dividend.
Sumitomo Mitsui Financial Group, Inc.SMBC increased its equity ownership in Jefferies to ~20%, becoming largest shareholder, with a planned Japan joint venture starting January 2027.
