FINANCE, POLICY & MARKETSPublished by Paul Ivinskas
fc.The Financial CurrentDAILY INTELLIGENCEWhat matters across finance
Back to newsfeed
Company-reported preliminary earnings · September 28, 2026

Jefferies’ third-quarter earnings rise as investment banking and equities hit records

In its September 28 preliminary, unaudited release for the quarter ended August 31, Jefferies reported net revenue of $2.222 billion versus $2.047 billion a year earlier, net earnings attributable to common shareholders of $260.6 million versus $224.0 million, and diluted EPS of $1.08 versus $1.01. Investment-banking revenue was $1.331 billion versus $1.135 billion, and equities revenue was $626.2 million versus $486.7 million; the company called both quarterly records. Fixed-income revenue declined to $176.0 million from $236.7 million, while asset-management total net revenue fell to $85.6 million from $176.9 million. The release declared a $0.40 quarterly dividend, payable November 25 to holders of record November 16.

1 min read · estimatedAI-generated analysis · Methodology

Source / event date: September 28, 2026 · quarter ended August 31, 2026

The Financial Current · https://thefinancialcurrent.com/news/2026-09-28-jefferies-third-quarter-earnings

Related research, policy & entities ↓
0% through article

Tap a dotted-underlined term for a definition. Use Aa in the navigation for reading preferences.

Analysis

Reported growth was led by investment-banking and equities revenue, while fixed income and asset-management revenue were weaker year over year. The release also separately cites $34 million of asset-management fees and investment return versus $84 million; that is a distinct subset and should not be confused with total asset-management revenue. Jefferies gave no numerical earnings guidance in this release. These results describe one firm and do not establish an industry-wide investment-banking cycle.

What remains uncertain

The company described the results as preliminary and unaudited and said they may be revised in the Form 10-Q it expects to file on or about October 9. Company-described records and adjusted measures are attributed claims; no consensus comparison is included.

Sources

Flag an error or suggest a correction →Public corrections log →