topstockalerts
Sep 29, 1:02 AM
Jefferies Financial Group reported mixed fiscal Q3 2026 results after the close. Adjusted EPS of
$1.08 beat the
$1.00 consensus, while total net revenues of
$2.22 billion slightly exceeded the
$2.20 billion estimate. However, the stock came under pressure as investors focused on weaker segment performance.
Fixed Income and Asset Management were the main drags. Asset management fees and investment returns fell to just
$34 million, hurt by weak performance across several fund strategies, including the ongoing liquidation of Point Bonita, and lower fees from internally managed funds. Fixed Income also remained challenged. These declines offset record quarterly net revenues in Investment Banking and Equities, with investment banking revenue up 17% to
$1.33 billion and equity underwriting surging 69%.
The board declared a
$0.40 quarterly dividend and renewed a
$250 million share-repurchase authorization.
$JEF
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