other material
confidence high
sentiment positive
materiality 0.60
Jefferies investor day: TTM revenue $8.5B, ROTE 13.1%, ~2.7M shares repurchased recently
Jefferies Financial Group Inc.
- CFO Matt Larson: trailing-12-month net revenue $8.5B, net earnings over $935M, return on tangible equity 13.1%.
- Investment banking and capital markets revenue up 74% since 2023 to $7.8B; pre-tax profit up over 150% to ~$1.3B, margin 11% to over 16%.
- Advisory revenue $2.1B to $2.7B and equities $1.8B to $2.3B year over year; equities share 5.0% to 5.3%; now No. 5 in M&A and ECM.
- Bought back ~2.7M shares (over 1% of the company) in the last few weeks; dividends plus buybacks near 11% of tangible book value in ten months.
- Hildene asset-management deal expected to close Q1 2027; sale of two residual merchant bank businesses signed; SMBC Japanese equities JV launches early January.