earnings
confidence high
sentiment positive
materiality 0.85
Jefferies Q2 2026 EPS $1.02 vs $0.40 YoY; record IB and Equities revenues
Jefferies Financial Group Inc.
- Q2 net revenues $2.21B (up 35% YoY); diluted EPS $1.02 vs $0.40; pre-tax earnings $315.5M (2.3x)
- Investment banking net revs $1.21B (up 57% YoY); advisory record $674M, underwriting $531M
- Capital markets $799M (up 14%): equities record $601M (up 14%), fixed income $199M (up 12%)
- Quarterly dividend $0.40/share (unchanged); buyback authorization raised to $250M; repurchased 4M shares for $197M in Q2
- Management optimistic on H2 2026 backlog; Hildene 50% acquisition expected to close in Q3