Quarterly ResultJun 24, 2026, 04:23 PM
Jefferies Q2 Net Earnings Up 157% to $226M; Record IB & Equities Revenue
AI Summary
Jefferies Financial Group Inc. announced strong second-quarter 2026 financial results, with net earnings attributable to common shareholders surging 157% to $226 million, and diluted EPS increasing 155% to $1.02. The company achieved record combined Investment Banking Advisory and Underwriting net revenues of $1.21 billion, up 57%, and record Equities net revenues of $601 million, up 14%. Total net revenues for the quarter rose 35% to $2.21 billion. The Board declared a quarterly cash dividend of $0.40 per share and increased the share buyback authorization to $250 million after repurchasing $197 million in shares during the quarter.
Key Highlights
- Net earnings attributable to common shareholders increased 157% to $226 million.
- Diluted earnings per voting common share rose 155% to $1.02.
- Total net revenues grew 35% to $2.21 billion.
- Investment Banking net revenues increased 57% to $1.21 billion, a quarterly record.
- Equities net revenues reached a record $601 million, up 14%.
- Board declared a quarterly cash dividend of $0.40 per common share.
- Repurchased 4.0 million shares for $197 million; buyback authorization increased to $250 million.
- Return on adjusted tangible shareholders' equity was 12.8%.
Price Impact
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