Overview

• Net earnings attributable to common shareholders dropped to $88 million, or 40 cents per share, in the quarter ended May 31 compared with $145.7 million, or 64 cents, a year earlier.
• Revenue from equity underwriting plunged 51% to $122.4 million as market volatility in the first two months weighed on deal volumes.
• Advisory revenue climbed 61% to $457.9 million, driven by market share gains in merger and acquisition advisory.
• Capital markets revenue edged down 0.4% to $704.2 million as stronger equities trading offset weaker fixed-income performance.
• Jefferies shares have lost about 30% of their value year to date and executives expect a rebound in dealmaking later in 2025.