---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-040269"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2026-10-20T21:25:33+00:00"
generated_at: "2026-10-20T21:28:04.772038+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Jefferies investor day: TTM revenue $8.5B, ROTE 13.1%, ~2.7M shares repurchased recently

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-26-040269
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2026-10-20T21:25:33+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000114036126040269/0001140361-26-040269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000114036126040269/ef20084130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-040269
- JSON: https://secwatch.observer/filing/0001140361-26-040269.json
- Plain text: https://secwatch.observer/filing/0001140361-26-040269.txt

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