---
schema_version: "secwatch.filing_event.v1"
accession: "0000096223-23-000029"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:29:22.349335+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jefferies Q3 net earnings $51M, down 74% YoY; Investment Banking up 28% QoQ

## Summary
- Net earnings attributable to common shareholders $51M ($0.22 per share) vs $195M ($0.80) YoY, a 74% decline.
- Net revenues $1.18B (-22% YoY); Investment Banking $645M (+28% QoQ); Capital Markets $524M; Asset Management $23M.
- Book value per share $46.09; tangible book value per diluted share $31.51; shares outstanding 210.4M basic.
- Quarterly dividend declared at $0.30 per share, payable Nov 28, 2023; $250M share repurchase authorization remains.
- CEO cites improving market; plans to expand Investment Banking MDs from 299 to over 360 by year end.

## SEC filing metadata
- accession: 0000096223-23-000029
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000009622323000029/0000096223-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000009622323000029/jef-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096223-23-000029
- JSON: https://secwatch.observer/filing/0000096223-23-000029.json
- Plain text: https://secwatch.observer/filing/0000096223-23-000029.txt

## Key facts
- Earnings Releases
  Jefferies Financial Group Inc. reported the quarter ended August 31, 2023 results: revenue $1.18 billion, net income $51 million, EPS $0.22 per basic and diluted common share.
  - Period: the quarter ended August 31, 2023
  - Revenue: $1.18 billion
  - Net income: $51 million
  - EPS: $0.22 per basic and diluted common share
  - Result: reported results
  source text: of $25 million primarily as a result of certain fair value adjustments taken during the period • Annualized return on adjusted tangible equity 1 of 2.9% • Net revenues of $1.18 billion Ø Investment Banking net revenues of $645 million Ø Capital Markets net revenues of $524 million Ø Asset Management net revenues (before allocated net interest 4 ) of $23
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000009622323000029/0000096223-23-000029-index.htm
- Earnings Releases
  Jefferies Financial Group Inc. reported the nine months ended August 31, 2023 results: revenue $1.18 billion, net income $197 million, EPS $0.82 per diluted share.
  - Period: the nine months ended August 31, 2023
  - Revenue: $1.18 billion
  - Net income: $197 million
  - EPS: $0.82 per diluted share
  - Result: reported results
  source text: of $25 million primarily as a result of certain fair value adjustments taken during the period • Annualized return on adjusted tangible equity 1 of 2.9% • Net revenues of $1.18 billion Ø Investment Banking net revenues of $645 million Ø Capital Markets net revenues of $524 million Ø Asset Management net revenues (before allocated net interest 4 ) of $23
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000009622323000029/0000096223-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.