Overview

• Jefferies reported EPS of $1.01 on revenue of about $2.05 billion, topping analyst estimates.
• Total investment-banking net revenue rose 20.3% to $1.14 billion, with advisory fees hitting a record $655.6 million.
• Equity underwriting increased 20.7% and debt underwriting 36.3%, and the bank ran deals including Firefly Aerospace and Bullish IPOs.
• Trading revenue in capital markets grew 6.9% from the prior quarter, as global dealmaking reached $2.6 trillion through July, the strongest since 2021.
• Sumitomo Mitsui Banking Corp agreed to raise its stake to deepen cross-border ties, and management flagged a solid 2026 pipeline dependent on easier financing and prospective Fed rate cuts.