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NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) will host its annual Investor Meeting on Monday, October 19, 2026, at 9:00 a.m. in Manhattan. The meeting will include management presentations regarding Jefferies’ major businesses, as well as an opportunity to present questions to management. Registration details to be announced.

About Jefferies Financial Group Inc.

Jefferies is one of the world’s leading full-service investment banking and capital markets firms. We primarily serve public companies, private companies, and their sponsors and owners, institutional investors, and government entities. Our services are enhanced by our relentless client focus, our differentiated insights and a flat and nimble operating structure.

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Bank of Nova Scotia acquired a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 70,203 shares of the financial services provider’s stock, valued at approximately $3,509,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Jefferies Financial Group during the second quarter valued at approximately $834,947,000. Alyeska Investment Group L.P. lifted its position in Jefferies Financial Group by 422.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,972,352 shares of the financial services provider’s stock valued at $246,167,000 after acquiring an additional 3,211,375 shares in the last quarter. Eminence Capital LP boosted its stake in Jefferies Financial Group by 13.5% during the 4th quarter. Eminence Capital LP now owns 3,812,615 shares of the financial services provider’s stock valued at $236,268,000 after purchasing an additional 454,054 shares during the last quarter. AQR Capital Management LLC boosted its stake in Jefferies Financial Group by 696.8% during the 4th quarter. AQR Capital Management LLC now owns 3,412,301 shares of the financial services provider’s stock valued at $211,460,000 after purchasing an additional 2,984,055 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Jefferies Financial Group by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,942,554 shares of the financial services provider’s stock worth $182,390,000 after purchasing an additional 24,171 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In JEF has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a report on Monday, June 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a report on Friday, June 5th. Morgan Stanley lifted their price target on shares of Jefferies Financial Group from $44.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Jefferies Financial Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Oppenheimer lowered their price objective on shares of Jefferies Financial Group from $87.00 to $83.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.62.

Get Our Latest Stock Report on JEF Jefferies Financial Group Stock Up 1.3% NYSE JEF opened at $52.56 on Wednesday. Jefferies Financial Group Inc. has a 52 week low of $35.53 and a 52 week high of $71.04. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $10.18 billion, a P/E ratio of 14.68 and a beta of 1.54. The stock’s 50-day moving average price is $54.95 and its 200-day moving average price is $50.84.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.14). Jefferies Financial Group had a net margin of 7.58% and a return on equity of 9.23%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, equities research analysts predict that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. Jefferies Financial Group’s dividend payout ratio (DPR) is 44.69%.

Jefferies Financial Group declared that its board has approved a stock buyback program on Wednesday, June 24th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

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Bragar Eagel & Squire, P.C. Litigation Partners Brandon Walker and Melissa Fortunato Encourage Investors Who Suffered Losses In Jefferies (JEF) To Contact Them Directly To Discuss Their Options

If you purchased or acquired stock in Jefferies and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE:JEF) on behalf of Jefferies stockholders. Our investigation concerns whether Jefferies has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:

On September 29, 2025, The Wall Street Journal published an article entitled "Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions," reporting that "[t]he closely held company's lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting" and that "First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables." Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled "First Brands Bankruptcy Damage Spreads to Jefferies UBS," that Jefferies "said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands' parts."On this news, Jefferies' stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025.The following day, Reuters disclosed that "The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group" and that "[t]he Justice Department is probing the company and its dealings with creditors."On this news, Jefferies' stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025.On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands. Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands. On this news, Jefferies' stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026.Then, on June 24, 2026, Jefferies reported its fiscal second-quarter financial results, including both earnings and revenue that fell short of analyst estimates. Jefferies disclosed that asset management fees, revenue, and investment returns declined from a year earlier due to lower management fees and weaker investment performance, saying that lower fees were primarily driven by Point Bonita and funds managed by its strategic affiliates.On this news, Jefferies' stock price fell $5.30 per share, or 9.15%, to close at $52.64 per share on June 25, 2026. Next Steps:

If you purchased or otherwise acquired Jefferies shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

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Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Value-Oriented Investment Firm Boosts Core ETF Holdings While Trimming Select PositionsJefferies Group (Trades, Portfolio), the diversified financial services c

, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Jefferies Financial Group Inc. (NYSE: JEF) focused on whether Jefferies as well as certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

If you have any information that could assist in the Jefferies investigation or if you are a Jefferies investor who suffered a loss and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-jefferies-financial-group-inc-investigation-jef.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

THE COMPANY: Jefferies Financial Group Inc. is a global full-service investment banking and capital markets firm.  Under the Leucadia Asset Management ("LAM") umbrella, Jefferies manages and provides services to a diverse group of alternative asset management platforms.  Point Bonita Capital is a division of LAM.

THE REVELATION: On September 29, 2025, The Wall Street Journal published an article entitled "Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions," reporting that "[t]he closely held company's lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting" and that "First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables."

On October 8, 2025, The Wall Street Journal further reported, in an article entitled "First Brands Bankruptcy Damage Spreads to Jefferies UBS," that Jefferies "said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands' parts."  The following day, Reuters disclosed that "The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group" and that "[t]he Justice Department is probing the company and its dealings with creditors."

On October 12, 2025, The Wall Street Journal published another article entitled "Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO," reporting that First Brands' now former CEO "was working on an effort to refinance the nearly $6 billion of corporate loans with the help of Jefferies" and that "[t]he pitch to prospective lenders didn't mention the billions of dollars of off -balance-sheet debt, people familiar with the matter said."

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading firms representing investors in securities fraud and shareholder litigation.  Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors.  In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five firms combined, according to ISS.  With 200 attorneys in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.  
Services may be performed by attorneys in any of our offices. 

Contact:

          Robbins Geller Rudman & Dowd LLP

          Michael Albert

          Ken Dolitsky

          655 W. Broadway, Suite 1900, San Diego, CA  92101 

          800/851-7783

          [email protected] 

SOURCE Robbins Geller Rudman & Dowd LLP

NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Abraham, Fruchter & Twersky, LLP (www.aftlaw.com), a nationally recognized law firm focusing on protecting investors’ rights, informs shareholders that it is investigating potential violations of federal securities laws by Jefferies Financial Group Inc. (“Jefferies”) (NYSE:JEF), and Jefferies’ directors and officers. The investigation is focused on whether Jefferies or its executives made false or misleading statements or failed to disclose material information to investors.

On September 29, 2025, The Wall Street Journal published an article titled “Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions; First Brands lenders are looking into possible irregularities stemming from the company’s billions of dollars of off-balance-sheet debt.” That article reported that First Brands’ lenders and directors were probing whether First Brands made misrepresentations in its financial reporting and that “First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables.”

On October 8, 2025, The Wall Street Journal further reported in an article titled “First Brands Bankruptcy Damage Spreads to Jefferies, UBS; Banks disclose how much of the funds they manage are exposed to collapsed auto-parts supplier” that Jefferies “said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts.”

On October 9, 2025, Reuters disclosed that the U.S. Department of Justice had opened an inquiry into the collapse of First Brands. Reuters reported that the DOJ was probing First Brands and its dealings with creditors.

On October 12, 2025, The Wall Street Journal published an article titled “Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO; Patrick James started out buying small Ohio factories and ended atop a messy conglomerate with piles of hidden debt.” That article reported that the former First Brands CEO “was working on an effort to refinance the nearly $6 billion of corporate loans with the help of Jefferies” and that “[t]he pitch to prospective lenders didn’t mention the billions of dollars of off-balance-sheet debt[.]”

Abraham, Fruchter & Twersky, LLP is investigating possible securities claims relating to these facts. If you have information that could assist in the investigation or if you are a Jefferies investor who suffered a loss and would like to discuss your rights, with no cost or obligation to you, please contact Jack Fruchter ([email protected] or (212) 634-0602) or Michael Klein ([email protected] or (212) 634-0608).

Abraham, Fruchter & Twersky, LLP (www.aftlaw.com) is a law firm that has extensive experience in litigating securities law violations on behalf of investors. Abraham, Fruchter & Twersky, LLP is based in New York and maintains a California office.

Attorney Advertising. Prior results do not guarantee similar outcomes.

Robbins Geller is investigating whether Jefferies Financial Group Inc. and certain of its top executives made materially false and/or misleading statements

Bragar Eagel & Squire, P.C. is Investigating Jefferies Financial Group Inc. on Behalf of Jefferies Stockholders and Encourages Investors to Contact the Firm

Posted by Defense World Staff on Aug 5th, 2026

Arrowstreet Capital Limited Partnership purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 72,287 shares of the financial services provider’s stock, valued at approximately $2,983,000.

Several other large investors have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Jefferies Financial Group by 75.0% in the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 177 shares in the last quarter. Smithfield Trust Co acquired a new position in Jefferies Financial Group during the 4th quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in Jefferies Financial Group in the fourth quarter valued at about $28,000. Ramirez Asset Management Inc. purchased a new stake in Jefferies Financial Group in the fourth quarter valued at about $31,000. Finally, First Horizon Corp boosted its holdings in Jefferies Financial Group by 68.1% in the fourth quarter. First Horizon Corp now owns 622 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 252 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance Shares of Jefferies Financial Group stock opened at $55.70 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.99. Jefferies Financial Group Inc. has a twelve month low of $35.53 and a twelve month high of $71.04. The business has a 50-day moving average price of $55.60 and a 200 day moving average price of $51.62. The firm has a market cap of $10.79 billion, a PE ratio of 15.56 and a beta of 1.54.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.14). Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. Sell-side analysts predict that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. Jefferies Financial Group’s dividend payout ratio (DPR) is 44.69%.

Jefferies Financial Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, June 24th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades Several equities analysts recently commented on JEF shares. Loop Capital set a $60.00 price objective on shares of Jefferies Financial Group in a research report on Monday, June 8th. UBS Group dropped their target price on shares of Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. BMO Capital Markets upped their price target on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a research note on Monday, June 8th. Oppenheimer decreased their price target on shares of Jefferies Financial Group from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Finally, Weiss Ratings downgraded shares of Jefferies Financial Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.62.

Check Out Our Latest Report on JEF

Jefferies Financial Group Company Profile (Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

Featured Articles Five stocks we like better than Jefferies Financial Group System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF – Free Report).

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A month has gone by since the last earnings report for Jefferies (JEF - Free Report) . Shares have added about 5.6% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Jefferies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Jefferies Q2 Earnings Miss Estimates Despite Record IB PerformanceJefferies’ second-quarter fiscal 2026 (ended May 31) adjusted earnings per share from continuing operations of $1.03 missed the Zacks Consensus Estimate of $1.09. However, the bottom line increased significantly from the prior-year quarter.

Results were primarily aided by record IB advisory and underwriting net revenues, as well as record equities net revenues. However, a rise in expenses hurt the results to an extent.

Net earnings attributable to common shareholders (GAAP) increased significantly year over year from $88 million to $226.2 million.

Revenues Improve, Expenses RiseQuarterly net revenues were $2.21 billion, up 35% from the prior-year quarter. The top line marginally missed the Zacks Consensus Estimate of $2.22 billion.

Total non-interest expenses were $1.89 billion, up 26.1% from the year-ago quarter. The rise was due to an increase in almost all cost components, except for depreciation and amortization costs, cost of sales, and other expenses.

As of May 31, 2026, book value per common share was $51.95, up from $49.96 as of May 31, 2025. Furthermore, adjusted tangible book value per fully diluted share increased from $32.84 to $34.55.

Quarterly Segment PerformanceInvestment Banking & Capital Markets: Total Net revenues were $2.01 billion, rising 36.4% from the prior-year quarter. Investment Banking net revenues were $1.21 billion, up 57.5% year over year, driven by higher advisory and equity underwriting revenues, while debt underwriting remained solid but declined year over year. Capital Markets net revenues were $799.3 million, up 13.5%, driven by increases in both Equities and Fixed Income net revenues.

Asset Management: Net revenues were $187.7 million, up 21.4% from the year-ago quarter. Asset management fees and revenues, as well as investment return, declined year over year, but other investments, inclusive of net interest, increased.

Balance Sheet SolidAs of May 31, 2026, total assets were $79.54 billion, up from $74.38 billion as of Feb. 28, 2026, while total shareholders’ equity was $10.57 billion, down modestly from $10.61 billion.

The leverage ratio was 7.5 compared with 6.5 in the prior-year quarter, and the tangible gross leverage ratio was 9.0 compared with 7.9.

Return on adjusted tangible shareholders’ equity was 12.8%, up from 5.5% in the prior-year quarter.

Share Repurchase UpdateIn the reported quarter, Jefferies repurchased 4 million common shares for $197 million, at an average price of $49.83 per share.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -8.9% due to these changes.

VGM ScoresCurrently, Jefferies has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Jefferies has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE: JEF).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Jefferies and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 29, 2025, The Wall Street Journal published an article entitled “Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions,” reporting that “[t]he closely held company’s lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting” and that “First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables.”  Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled “First Brands Bankruptcy Damage Spreads to Jefferies UBS,” that Jefferies “said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts.”  

On this news, Jefferies’ stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025. 

The following day, Reuters disclosed that “The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group” and that “[t]he Justice Department is probing the company and its dealings with creditors.” 

On this news, Jefferies’ stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025. 

On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands.  Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands.  

On this news, Jefferies’ stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026. 

Then, on June 24, 2026, Jefferies reported its fiscal second-quarter financial results, including both earnings and revenue that fell short of analyst estimates.  Jefferies disclosed that asset management fees, revenue, and investment returns declined from a year earlier due to lower management fees and weaker investment performance, saying that lower fees were primarily driven by Point Bonita and funds managed by its strategic affiliates. 

On this news, Jefferies’ stock price fell $5.30 per share, or 9.15%, to close at $52.64 per share on June 25, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980  

Jefferies has questioned whether SEGRO PLC (LSE:SGRO), the FTSE 100 warehouse landlord, can deliver the value its own strategy promises without falling to a takeover, as US suitor Prologis faces a Wednesday deadline to bid or walk away.

Segro estimates its development pipeline could generate around £900 million of future rents and £4.1 billion of shareholder value, driving earnings per share from 36.6p in 2025 to roughly 50p by 2030.

The bank notes Segro has a track record of selling assets at or above book value, having disposed of £2.2 billion between 2021 and 2025 at an average 10.2% premium.

Jefferies flags a point of contention over the 8% discount rate Segro applies to value its pipeline, which the bank considers light given its own estimate of a cost of capital nearer 10%.

Data centres are central to the growth case, with Segro targeting 30% of its portfolio from that source by 2035, up from 7% today.

Segro has rejected a third approach from Prologis, whose latest proposal valued the company at 993p a share, around a 10% premium to net tangible assets of 905p.

Under UK takeover rules, Prologis must declare a firm intention to bid or step back by 5 pm on 22 July, a deadline that can only be extended with the Takeover Panel's consent.

Segro casts the offer as opportunistic, arguing it provides only a modest premium to pre-turbulence share prices and undervalues what it calls a unique and irreplaceable European portfolio.

Jefferies keeps a hold rating on Segro with a price target of 917p, implying modest upside from the shares at 885.6p, and rates Prologis a buy.

Shares in NextEnergy Solar Fund Ltd (LSE:NESF, FRA:5NE) rose 5% to 50.13p on Wednesday after the company launched a formal sale process, with Jefferies saying a sale appears the best way forward.

The investment bank pointed to the valuation implied by Drax's offer for Bluefield Solar Income Fund as evidence of what solar assets are worth to trade buyers.

Jefferies also noted that a sale would allow NextEnergy to repay its preference shares, avoiding potential dilution to ordinary shareholders at a later stage.

The broker flagged several complications in sourcing bids.

The make-whole terms attached to the preference shares could be one obstacle.

So too could non-core parts of the portfolio, including the NextPower III fund and co-investment interests, the battery storage asset and the Italian assets.

More positively, Jefferies said the notice period under the management contract is only 12 months.

NextEnergy Solar Fund, which invests in operating solar power plants, announced the formal sale process on Wednesday, inviting expressions of interest for the entire issued share capital.

The board said it was not in active discussions with any potential offeror and had not received an approach as of the date of the announcement.

NextEnergy Capital, the fund's investment manager, supports the decision.

The move follows a strategic review whose results were announced in March and reflects a share price discount to net asset value that has persisted for several years.

Bragar Eagel & Squire, P.C. Litigation Partners Brandon Walker and Melissa Fortunato Encourage Investors Who Suffered Losses In Jefferies (JEF) To Contact Them Directly To Discuss Their Options

If you purchased or acquired stock in Jefferies and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.

NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE:JEF) on behalf of Jefferies stockholders. Our investigation concerns whether Jefferies has violated the federal securities laws and/or engaged in other unlawful business practices.
Investigation Details:

On September 29, 2025, The Wall Street Journal published an article entitled "Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions," reporting that "[t]he closely held company's lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting" and that "First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables." Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled "First Brands Bankruptcy Damage Spreads to Jefferies UBS," that Jefferies "said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands' parts."
On this news, Jefferies' stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025.
The following day, Reuters disclosed that "The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group" and that "[t]he Justice Department is probing the company and its dealings with creditors."
On this news, Jefferies' stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025
On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands. Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands.
On this news, Jefferies' stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026.
Then, on June 24, 2026, Jefferies reported its fiscal second-quarter financial results, including both earnings and revenue that fell short of analyst estimates. Jefferies disclosed that asset management fees, revenue, and investment returns declined from a year earlier due to lower management fees and weaker investment performance, saying that lower fees were primarily driven by Point Bonita and funds managed by its strategic affiliates.
On this news, Jefferies' stock price fell $5.30 per share, or 9.15%, to close at $52.64 per share on June 25, 2026.
Next Steps:

If you purchased or otherwise acquired Jefferies shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

LOS ANGELES, July 13, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Jefferies Financial Group, Inc., (“Jefferies" or the "Company") (NYSE: JEF) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. 

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/jefferies-financial-group-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On September 29, 2025, The Wall Street Journal published an article entitled "Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions," reporting that "[t]he closely held company's lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting" and that "First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables."  Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled "First Brands Bankruptcy Damage Spreads to Jefferies UBS," that Jefferies "said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands' parts." 

On this news, Jefferies' stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025. 

The following day, Reuters disclosed that "The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group" and that "[t]he Justice Department is probing the company and its dealings with creditors." 

On this news, Jefferies' stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025. 

On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands.  Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands.  

On this news, Jefferies' stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026. 

Then, on June 24, 2026, Jefferies reported its fiscal second-quarter financial results, including both earnings and revenue that fell short of analyst estimates.  Jefferies disclosed that asset management fees, revenue, and investment returns declined from a year earlier due to lower management fees and weaker investment performance, saying that lower fees were primarily driven by Point Bonita and funds managed by its strategic affiliates. 

On this news, Jefferies' stock price fell $5.30 per share, or 9.15%, to close at $52.64 per share on June 25, 2026.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

Attorney Advertising

HomeMarketsDRAM makers have been outperforming hyperscalers of lateJuly 10, 2026, 5:31 a.m. ET

Chris Wood worris that future commitments on the leasing of data centers like this are liabilities that the hyperscalers are keeping off balance sheet at present. Photo: Getty ImagesA growing sense of fatigue with the artificial intelligence trade and the related arms race is prompting one strategist to advise that investors stick with the so-called picks and shovels rather than the spenders.

Jefferies chief global strategist Chris Wood prefers the memory chip makers like Micron MU, Samsung Electronics KR:005930 and SK Hynix KR:000660 rather than the hyperscalers, such as Meta META, Microsoft MSFT, Amazon AMZN and Alphabet GOOG who have committed so much capital towards developing AI, and plan to commit so much more.

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of €850,000,000 aggregate principal amount of 4.500% Senior Notes due 2033 (the “Notes”) with an effective yield of 4.544%, maturing, July 15, 2033. The offering is expected to settle on July 15, 2026, subject to the satisfaction of customary closing conditions. Application is expected to be made for the Notes to be admitted to the Official List of the.

NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE: JEF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Jefferies and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 29, 2025, The Wall Street Journal published an article entitled “Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions,” reporting that “[t]he closely held company’s lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting” and that “First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables.”  Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled “First Brands Bankruptcy Damage Spreads to Jefferies UBS,” that Jefferies “said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts.”  

On this news, Jefferies’ stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025. 

The following day, Reuters disclosed that “The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group” and that “[t]he Justice Department is probing the company and its dealings with creditors.” 

On this news, Jefferies’ stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025. 

On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands.  Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands.  

On this news, Jefferies’ stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026. 

Then, on June 24, 2026, Jefferies reported its fiscal second-quarter financial results, including both earnings and revenue that fell short of analyst estimates.  Jefferies disclosed that asset management fees, revenue, and investment returns declined from a year earlier due to lower management fees and weaker investment performance, saying that lower fees were primarily driven by Point Bonita and funds managed by its strategic affiliates. 

On this news, Jefferies’ stock price fell $5.30 per share, or 9.15%, to close at $52.64 per share on June 25, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Top financial institutions just announced significant share buyback programs, many of which came after passing the Federal Reserve’s stress test. The Fed’s stress test sets up a hypothetical recession and assesses whether a bank’s balance sheet will hold up under pressure.

The critical number to know is the company’s common equity tier 1 (CET1) capital ratio. This essentially measures the amount of capital that a bank holds relative to its loans, adjusted for the risk of those loans. Should loans default, the company’s capital absorbs the losses. Stress tests look at whether a bank’s CET1 ratio always stays above the minimum requirement of 4.5% during a severe downturn. Staying above the requirement shows a bank is well-prepared to absorb large potential losses during a recession without negatively impacting depositors.

From firms passing the Fed’s stress test to firms putting up strong financial performance, here are the latest buyback announcements in the finance sector.

Get JPMorgan Chase & Co. alerts:

JPMorgan Soars Past Stress Test, Announces Massive Buyback PlanFirst up is JPMorgan Chase & Co. NYSE: JPM. With a market capitalization of approximately $880 billion, JPMorgan Chase is by far the world’s most valuable banking stock. The company performed very well on the Fed’s stress test.

During the forecast period, JP Morgan's CET1 ratio began at 14.6% and dropped only as low as 12.6%, staying well above the requirement and allowing the bank to pass.

JPMorgan Chase & Co. Today

JPM

JPMorgan Chase & Co.

$329.51 +0.12 (+0.04%)

As of 09:58 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$279.10▼

$343.45Dividend Yield1.82%

P/E Ratio15.77

Price Target$340.88

With enough capital to weather a severe downturn and stay above its requirement, JPMorgan can return more capital to shareholders. In turn, the company announced a whopping $50 billion share buyback program.

This buyback program is equal to a large 5.6% of its market capitalization. JPMorgan is on a strong financial footing and can significantly lower its outstanding share count going forward to provide a tailwind to per-share metrics. In its fiscal 2025, the firm reduced its share count by 4%.

The company also intends to increase its quarterly dividend from $1.50 to $1.65 per share. Banks often announce their “intention” to increase their dividend after stress tests. This is simply because the timing of the tests does not necessarily align with the customary times in which they declare dividends. Thus, the actual increase that should follow is largely a formality. After the increase, the firm’s indicated yield would rise to a solid 2%.

Morgan Stanley: $20 Billion Buyback, 15% Dividend IncreaseAlthough not as large as JPMorgan Chase, Morgan Stanley NYSE: MS is another massive player in the banking industry. With a market capitalization near $330 billion, it ranks as one of the world’s top 10 most valuable companies in the financial sector.

Morgan Stanley Today

MS

Morgan Stanley

$211.32 -0.41 (-0.19%)

As of 09:58 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$135.26▼

$230.47Dividend Yield1.89%

P/E Ratio19.10

Price Target$210.50

Morgan Stanley's CET1 ratio started the period at 15%, and only fell to 12.5% during the recession forecast period, resulting in a passing grade. In response, the firm announced the reauthorization of its share buyback program, which is worth up to $20 billion.

While this program isn’t fully new, it is still notable. Had Morgan Stanley not passed the stress test, it is possible that it would not have been able to reauthorize the program. With this reauthorization, the company’s buyback capacity is equal to a very substantial 6% of its market capitalization. Like JP Morgan, the company expects to increase its dividend next quarter.

This would push Morgan Stanley's quarterly payment up by 15%, from $1 to $1.15 per share. After the increase, Morgan Stanley's indicated dividend yield would be just under 2.2%. Overall, Morgan Stanley is in a robust capital position based on the Fed’s testing, giving it the ability to deliver more capital to shareholders.

Jefferies: Strong Underlying Performance Plus Capital ReturnsLast up is Jefferies Financial Group NYSE: JEF, which did not participate in the stress test. The stock has run into some trouble in 2026, down more than 20% on the year. Shares got routed after the company’s latest earnings report. Jefferies significantly missed estimates on both sales and earnings per share (EPS). Despite growing by 35% year-over-year (YOY) to $2.21 billion, revenue came in well short of estimates of $2.30 billion. EPS also soared by 155% YOY to $1.02, but analysts anticipated an even larger increase to $1.16.

Jefferies Financial Group Today

JEF

Jefferies Financial Group

$49.85 +1.07 (+2.19%)

As of 09:58 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$35.53▼

$71.04Dividend Yield3.21%

P/E Ratio13.91

Price Target$62.63

Jefferies also bought back a very large amount of shares during the quarter, spending $197 million on buybacks. In addition, the firm authorized a $250 million share buyback program. With Jefferies only having a market capitalization of around $10 billion, this program is equal to a sizable 2.5% of the firm’s value.

Overall, the firm failed to live up to relatively high analyst estimates, leading shares to fall almost 10% after their latest earnings. However, Jefferies' business is clearly performing well at an underlying level. During the first half of 2026, the firm posted record revenue in its two largest segments, Investment Banking and Capital Markets. Additionally, capital returns are a real part of this company’s story. It spent significantly on buybacks, has the capacity to spend more, and has a dividend yield near 3.3%.

Analysts Eye Recovery in Jefferies After Earnings FallAcross JP Morgan, Morgan Stanley, and Jefferies, significant use of buybacks and dividends is a common theme. Among this group, Wall Street analysts are forecasting substantial gains in Jefferies. The MarketBeat consensus price target near $63 implies upside of more than 25%.

Should You Invest $1,000 in JPMorgan Chase & Co. Right Now?Before you consider JPMorgan Chase & Co., you'll want to hear this.

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Jefferies (JEF - Free Report) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -5.51%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $0.89 per share when it actually produced earnings of $0.89, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Jefferies, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $2.21 billion for the quarter ended May 2026, missing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $1.63 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Jefferies shares have lost about 2.3% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Jefferies?While Jefferies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Jefferies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.96 on $2.11 billion in revenues for the coming quarter and $3.68 on $8.45 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Blackstone Inc. (BX - Free Report) , has yet to report results for the quarter ended June 2026.

This investment manager is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +10.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Blackstone Inc.'s revenues are expected to be $3.38 billion, up 10% from the year-ago quarter.

-

Quarterly Record Combined Investment Banking Advisory and Underwriting Net Revenues, as well as Quarterly Record Equities Net Revenues

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF)

Q2 Financial Highlights

$ in thousands, except per share amounts

Quarter End

Year-to-Date

2Q26

2Q25

2026

2025

Net earnings attributable to common shareholders

$

226,234

$

88,017

$

382,161

$

215,955

Diluted earnings per voting common share

$

1.02

$

0.40

$

1.70

$

0.97

Return on adjusted tangible shareholders' equity1

12.8

%

5.5

%

12.2

%

6.9

%

Total net revenues

$

2,206,451

$

1,634,447

$

4,223,581

$

3,227,466

Investment banking net revenues

$

1,206,820

$

766,307

$

2,224,113

$

1,466,999

Capital markets net revenues

$

799,292

$

704,155

$

1,578,048

$

1,402,439

Asset management net revenues

$

187,718

$

154,621

$

407,980

$

346,336

Pre-tax earnings

$

315,549

$

134,901

$

527,765

$

285,966

Book value per common share

$

51.95

$

49.96

$

51.95

$

49.96

Adjusted tangible book value per fully diluted share3

$

34.55

$

32.84

$

34.55

$

32.84

Quarterly Cash Dividend and Stock Buyback Activity

The Jefferies Board of Directors declared a quarterly cash dividend equal to $0.40 per Jefferies common share, payable on August 28, 2026 to record holders of Jefferies common shares on August 18, 2026.

During the quarter, we repurchased 4.0 million shares of common stock for $197 million, or an average price of $49.83 per share. Our Board of Directors has increased our share buyback authorization back to a total of $250 million.

Management Comments

"Our strong second quarter net revenues of $2.21 billion, net earnings attributable to common shareholders of $226 million, diluted earnings per voting common share of $1.02 and return on adjusted tangible shareholders' equity of 12.8% reflect the momentum and market position we have been building at Jefferies.

"The continued acceleration in our core businesses during the second quarter drove record first half net revenues in Advisory, total Investment Banking, Equities, total Capital Markets and combined Investment Banking and Capital Markets. We expect to build further on this momentum in coming periods.

“Investment Banking net revenues were $1.21 billion, up 57% from the prior year quarter. Growth was driven by continued market share gains and a growing addressable market in our Advisory and Equity Underwriting businesses and represent a balanced performance, as no single outsized fee drove our results. We continue to make progress in building our corporate M&A business, while staying focused on our historical areas of strength in sponsor-led activity and had very strong performance during the quarter with corporates particularly in the healthcare, industrials and energy sectors. The new issue market remains resilient. We continue to be optimistic about the second half of 2026, given the strength of our current backlog and new business bookings.

"Capital Markets net revenues were $799 million, up 14% from the prior year quarter. Equities delivered record net revenues of $601 million, up 14% from the prior year quarter. Our continued growth in Equities is being driven by market share gains in cash and electronic trading in EMEA, Asia and the Americas, as well as growth in prime services where we have become an increasingly important strategic partner to some of the most significant, well diversified, hedge funds in the world. While the growth of client-related prime brokerage balances has added to our overall balance sheet size, it has added a layer of high quality, consistent revenues that supports a more durable earnings profile. Additionally, our equity derivatives business continues to expand in sync with our investment banking business, and has allowed Jefferies to support some of our corporate clients' most important transactions with strategic derivative solutions. The shape and scale of growth in our Equities business is translating to higher overall equities operating margins after we invested the past few years in infrastructure to support meaningfully larger global volumes. Fixed Income net revenues were $199 million, up 12%, from the prior year quarter, reflecting strong performance in our distressed, municipal and emerging markets businesses.

"Asset management fees and investment return revenues were $46 million, down 35% compared to the prior year quarter due to weaker performance across several fund strategies, as well as the impact of our strategy to reposition the business by reducing capital allocated to certain funds in line with the announcement we made last fall when we disclosed our intent to acquire 50% of Hildene. In the short term, this has resulted in modestly lower investment return until we close our investment in Hildene, which we are targeting to complete in our third quarter, and should be immediately accretive to results."

Richard Handler, CEO, and Brian Friedman, President

Financial Summary (Unaudited)

$ in thousands

Three Months Ended

Six Months Ended

May 31,
2026

February 28,
2026

May 31,
2025

May 31,
2026

May 31,
2025

Net revenues by source:

Advisory

$

674,118

$

527,128

$

457,860

$

1,201,246

$

855,640

Equity underwriting

370,691

305,969

122,366

676,660

250,886

Debt underwriting

160,186

181,858

205,363

342,044

404,725

Other investment banking

1,825

2,338

(19,282

)

4,163

(44,252

)

Total Investment Banking

1,206,820

1,017,293

766,307

2,224,113

1,466,999

Equities

600,751

558,488

526,244

1,159,239

935,302

Fixed income

198,541

220,268

177,911

418,809

467,137

Total Capital Markets

799,292

778,756

704,155

1,578,048

1,402,439

Total Investment Banking and Capital Markets Net revenues5

2,006,112

1,796,049

1,470,462

3,802,161

2,869,438

Asset management fees and revenues6

15,169

69,910

20,766

85,079

109,396

Investment return

31,037

88,992

50,404

120,029

44,770

Allocated net interest4

(22,935

)

(22,238

)

(19,144

)

(45,173

)

(36,365

)

Other investments, inclusive of net interest

164,447

83,598

102,595

248,045

228,535

Total Asset Management Net revenues

187,718

220,262

154,621

407,980

346,336

Other

12,621

819

9,364

13,440

11,692

Total Net revenues by source

$

2,206,451

$

2,017,130

$

1,634,447

$

4,223,581

$

3,227,466

Non-interest expenses:

Compensation and benefits

$

1,188,245

$

1,085,890

$

854,839

$

2,274,135

$

1,695,966

Compensation ratio13

53.9

%

53.8

%

52.3

%

53.8

%

52.5

%

Non-compensation expenses

$

702,657

$

719,024

$

644,707

$

1,421,681

$

1,245,534

Non-compensation ratio13

31.8

%

35.6

%

39.4

%

33.7

%

38.6

%

Total Non-interest expenses

$

1,890,902

$

1,804,914

$

1,499,546

$

3,695,816

$

2,941,500

Net earnings before income taxes

$

315,549

$

212,216

$

134,901

$

527,765

$

285,966

Income tax expense

$

65,571

$

52,870

$

43,506

$

118,441

$

57,722

Income tax rate

20.8

%

24.9

%

32.3

%

22.4

%

20.2

%

Net earnings

$

249,978

$

159,346

$

91,395

$

409,324

$

228,244

Net losses attributable to noncontrolling interests

(5,440

)

(15,858

)

(7,668

)

(21,298

)

(14,651

)

Preferred stock dividends

29,184

19,504

11,046

48,461

26,940

Net earnings attributable to common shareholders

$

226,234

$

155,700

$

88,017

$

382,161

$

215,955

Results Discussion

* * * *

Amounts herein pertaining to May 31, 2026 represent a preliminary estimate as of the date of this earnings release and may be revised upon filing our Quarterly Report on Form 10-Q with the Securities and Exchange Commission (“SEC”). More information on our results of operations for the three and six months ended May 31, 2026 will be provided upon filing our Quarterly Report on Form 10-Q with the SEC, which we expect to file on or about July 9, 2026.

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current views and include statements about our future and statements that are not historical facts. These forward-looking statements are usually preceded by the words “should,” “expect,” “intend,” “may,” “will,” "would," or similar expressions. Forward-looking statements may contain expectations regarding revenues, earnings, operations, and other results, and may include statements of future performance, plans, and objectives. Forward-looking statements may also include statements pertaining to our strategies for future development of our businesses and products. Forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain. It is possible that the actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. Information regarding important factors, including Risk Factors that could cause actual results to differ, perhaps materially, from those in our forward-looking statements is contained in reports we file with the SEC. You should read and interpret any forward-looking statement together with reports we file with the SEC. We undertake no obligation to update or revise any such forward-looking statement to reflect subsequent circumstances.

Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable or equal the corresponding indicated performance level(s).

Consolidated Statements of Earnings (Unaudited)

$ in thousands, except per share amounts

Three Months Ended May 31,

Six Months Ended May 31,

2026

2025

2026

2025

Revenues

Investment banking

$

1,209,625

$

789,269

$

2,227,909

$

1,518,779

Principal transactions

488,666

338,507

976,164

745,737

Commissions and other fees

400,614

353,233

768,218

641,533

Asset management fees and revenues

9,788

20,076

77,150

105,484

Interest

853,962

878,025

1,667,081

1,723,196

Other

155,542

115,205

272,940

232,450

Total revenues

3,118,197

2,494,315

5,989,462

4,967,179

Interest expense

911,746

859,868

1,765,881

1,739,713

Net revenues

2,206,451

1,634,447

4,223,581

3,227,466

Non-interest expenses

Compensation and benefits

1,188,245

854,839

2,274,135

1,695,966

Brokerage and clearing fees

147,446

129,745

280,578

239,181

Underwriting costs

26,858

14,525

58,241

32,371

Technology and communications

162,860

146,198

322,718

285,673

Occupancy and equipment rental

34,499

30,711

68,359

60,910

Business development

89,108

80,070

164,530

152,361

Professional services

98,707

77,768

175,651

150,234

Depreciation and amortization

47,328

52,253

104,193

83,241

Cost of sales

31,253

42,961

61,173

84,529

Other expenses

64,598

70,476

186,238

157,034

Total non-interest expenses

1,890,902

1,499,546

3,695,816

2,941,500

Earnings before income taxes

315,549

134,901

527,765

285,966

Income tax expense

65,571

43,506

118,441

57,722

Net earnings

249,978

91,395

409,324

228,244

Net losses attributable to noncontrolling interests

(5,440

)

(7,668

)

(21,298

)

(14,651

)

Preferred stock dividends

29,184

11,046

48,461

26,940

Net earnings attributable to common shareholders

$

226,234

$

88,017

$

382,161

$

215,955

Financial Data and Metrics (Unaudited)

Three Months Ended

Six Months Ended

May 31,
2026

February 28,
2026

May 31,
2025

May 31,
2026

May 31,
2025

Other Data:

Number of trading days

63

61

63

124

124

Number of trading loss days7

0

1

13

1

17

Average VaR (in millions)8

$

10.31

$

9.78

$

11.89

$

10.05

$

12.50

In millions, except other data

May 31,
2026

February 28,
2026

May 31,
2025

Financial position:

Total assets

$

79,540

$

74,380

$

67,285

Cash and cash equivalents

14,315

11,963

11,260

Financial instruments owned

28,038

28,079

25,570

Level 3 financial instruments owned9

839

849

763

Goodwill and intangible assets, net14

1,974

1,979

2,060

Total equity

10,607

10,662

10,382

Total shareholders' equity

10,567

10,611

10,305

Tangible shareholders' equity10

8,593

8,632

8,245

Other data and financial ratios:

Leverage ratio11

7.5

7.0

6.5

Tangible gross leverage ratio12

9.0

8.4

7.9

Number of employees at period end

7,371

7,596

7,671

Number of employees excluding Tessellis and Stratos at period end

6,236

6,221

5,949

Non-GAAP Reconciliations

The following tables reconcile our non-GAAP financial measures to their respective U.S. GAAP financial measures. Management believes such non-GAAP financial measures are useful to investors as they allow them to view our results through the eyes of management, while facilitating a comparison across historical periods. These measures should not be considered a substitute for, or superior to, measures prepared in accordance with U.S. GAAP.

Return on Adjusted Tangible Equity Reconciliation

$ in thousands

Three Months Ended

May 31,

Six Months Ended

May 31,

2026

2025

2026

2025

Net earnings attributable to common shareholders (GAAP)

$

226,234

$

88,017

$

382,161

$

215,955

Intangible amortization and impairment expense, net of tax15

1,682

5,824

48,170

13,093

Adjusted net earnings to common shareholders (non-GAAP)

227,916

93,841

430,331

229,048

Preferred stock dividends

29,184

11,046

48,461

26,940

Adjusted net earnings to total shareholders (non-GAAP)

$

257,100

$

104,887

$

478,792

$

255,988

Adjusted net earnings to total shareholders (non-GAAP)1

$

1,028,400

$

419,548

$

957,584

$

511,976

February 28,

November 30,

2026

2025

2025

2024

Shareholders' equity (GAAP)

$

10,610,845

$

10,204,228

$

10,574,696

$

10,156,772

Less: Goodwill and intangible assets, net

(1,978,652

)

(2,037,906

)

(2,040,147

)

(2,054,310

)

Less: Deferred tax asset, net

(493,427

)

(507,452

)

(459,052

)

(497,590

)

Less: Weighted average impact of dividends and share repurchases

(112,340

)

(67,343

)

(244,489

)

(157,540

)

Adjusted tangible shareholders' equity (non-GAAP)

$

8,026,426

$

7,591,527

$

7,831,008

$

7,447,332

Return on adjusted tangible shareholders' equity (non-GAAP)1

12.8

%

5.5

%

12.2

%

6.9

%

Adjusted Tangible Book Value and Fully Diluted Shares Outstanding Reconciliation

Reconciliation of book value (shareholders' equity) to adjusted tangible book value and common shares outstanding to fully diluted shares outstanding:

$ in thousands, except per share amounts

May 31, 2026

May 31, 2025

Book value (GAAP)

$

10,566,996

$

10,305,025

Stock options(1)

114,939

114,939

Goodwill and intangible assets, net(2)

(1,974,240

)

(2,060,018

)

Adjusted tangible book value (non-GAAP)

$

8,707,695

$

8,359,946

Voting common shares outstanding (GAAP)

194,145

206,272

Non-voting common shares outstanding (GAAP)

9,247

—

Preferred shares

27,563

27,563

Restricted stock units ("RSUs")

14,251

14,099

Stock options(1)

5,064

5,064

Other

1,758

1,566

Adjusted fully diluted shares outstanding (non-GAAP)(3)

252,028

254,564

Book value per common share outstanding

$

51.95

$

49.96

Adjusted tangible book value per fully diluted share outstanding (non-GAAP)

$

34.55

$

32.84

(1)

Stock options added to book value are equal to the total number of stock options outstanding as of May 31, 2026 and 2025 of 5.1 million multiplied by the exercise price of $22.69 on May 31, 2026 and 2025.

(2)

Includes goodwill and intangible assets related to Tessellis which were reclassified to assets held for sale during the first quarter of 2026.

(3)

Fully diluted shares outstanding include vested and unvested RSUs as well as the target number of RSUs issuable under the senior executive compensation plans until the performance period is complete. Fully diluted shares outstanding also include all stock options and the impact of convertible preferred shares if-converted to common shares.

Notes

Return on adjusted tangible shareholders' equity represents a non-GAAP financial measure and is based on full year or annualized amounts. Refer to schedule on page 8 for a reconciliation to U.S. GAAP amounts. Shares outstanding on a fully diluted basis (a non-GAAP financial measure) is defined as common shares outstanding plus preferred shares, restricted stock units, stock options and other shares. Refer to schedule on page 9 for a reconciliation to U.S. GAAP amounts. Adjusted tangible book value per fully diluted share (a non-GAAP financial measure) is defined as adjusted tangible book value (a non-GAAP financial measure) divided by shares outstanding on a fully diluted basis (a non-GAAP financial measure). Refer to schedule on page 9 for a reconciliation to U.S. GAAP amounts. Allocated net interest represents an allocation to Asset Management of certain of our long-term debt interest expense, net of interest income on our Cash and cash equivalents and other sources of liquidity. Allocated net interest has been disaggregated to increase transparency and to present direct Asset Management revenues. We believe that aggregating Allocated net interest would obscure the revenue results by including an amount that is unique to our credit spreads, debt maturity profile, capital structure, liquidity risks and allocation methods. Allocated net interest is not separately disaggregated for Investment Banking and Capital Markets. This presentation is aligned to our Investment Banking and Capital Markets internal performance measurement. Asset management fees and revenues include management and performance fees from funds and accounts managed by us, revenue from strategic affiliated asset managers where we are entitled to portions their operating revenues and income based on our ownership interests in the affiliates. Number of trading loss days is calculated based on trading activities in our Investment Banking and Capital Markets and Asset Management business segments, excluding certain Other investments. VaR estimates the potential loss in value of trading positions due to adverse market movements over a one-day time horizon with a 95% confidence level. For a further discussion of the calculation of VaR, see "Value-at-Risk" in Part II, Item 7A "Quantitative and Qualitative Disclosures About Market Risk" in our Annual Report on Form 10-K for the year ended November 30, 2025. Level 3 financial instruments represent those financial instruments classified as such under Accounting Standards Codification 820, accounted for at fair value and included within Financial instruments owned. Tangible shareholders' equity (a non-GAAP financial measure) is defined as shareholders' equity less Intangible assets and goodwill. We believe that tangible shareholders' equity is meaningful for valuation purposes, as financial companies are often measured as a multiple of tangible shareholders' equity, making these ratios meaningful for investors. Leverage ratio equals total assets divided by total equity. Tangible gross leverage ratio (a non-GAAP financial measure) equals total assets less goodwill and intangible assets divided by tangible shareholders' equity. The tangible gross leverage ratio is used by rating agencies in assessing our leverage ratio. Compensation ratio equals total compensation expense divided by total net revenues. Non-compensation ratio equals total non-compensation expense divided by total net revenues. Includes goodwill and intangible assets related to Tessellis which were reclassified to assets held for sale during the first quarter of 2026. Includes a $35.5 million after-tax write-down of goodwill associated with Tessellis for the six months ended May 31, 2026. More News From Jefferies Financial Group Inc.

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Wall Street analysts forecast that Jefferies (JEF - Free Report) will report quarterly earnings of $1.09 per share in its upcoming release, pointing to a year-over-year increase of 153.5%. It is anticipated that revenues will amount to $2.22 billion, exhibiting an increase of 35.8% compared to the year-ago quarter.

The current level reflects a downward revision of 1.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Bearing this in mind, let's now explore the average estimates of specific Jefferies metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Net Revenues by Source- Total Asset Management Net revenues' will reach $150.80 million. The estimate points to a change of -2.5% from the year-ago quarter.

The average prediction of analysts places 'Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues' at $1.97 billion. The estimate indicates a year-over-year change of +33.7%.

The collective assessment of analysts points to an estimated 'Net Revenues by Source- Total Asset Management Net revenues- Investment return' of $49.77 million. The estimate points to a change of -1.3% from the year-ago quarter.

The consensus estimate for 'Net Revenues by Source- Total Capital Markets' stands at $793.08 million. The estimate suggests a change of +12.6% year over year.

Analysts forecast 'Net Revenues by Source- Total Capital Markets- Equities' to reach $590.70 million. The estimate suggests a change of +12.3% year over year.

Analysts' assessment points toward 'Net Revenues by Source- Total Capital Markets- Fixed income' reaching $202.35 million. The estimate points to a change of +13.7% from the year-ago quarter.

The consensus among analysts is that 'Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory' will reach $612.92 million. The estimate indicates a year-over-year change of +33.9%.

Analysts expect 'Net Revenues by Source- Total Investment Banking' to come in at $1.17 billion. The estimate indicates a year-over-year change of +53.1%.

Based on the collective assessment of analysts, 'Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting' should arrive at $208.24 million. The estimate indicates a year-over-year change of +1.4%.

According to the collective judgment of analysts, 'Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting' should come in at $334.65 million. The estimate points to a change of +173.5% from the year-ago quarter.

The combined assessment of analysts suggests that 'Net Revenues by Source- Total Investment Banking- Total underwriting' will likely reach $542.89 million. The estimate indicates a year-over-year change of +65.7%.

It is projected by analysts that the 'Net Revenues by Source- Total Asset Management Net revenues- Other investments, inclusive of net interest' will reach $103.15 million. The estimate indicates a year-over-year change of +0.5%.

View all Key Company Metrics for Jefferies here>>>

Over the past month, Jefferies shares have recorded returns of +19.9% versus the Zacks S&P 500 composite's +0.3% change. Based on its Zacks Rank #3 (Hold), JEF will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

June 22, 2026 Thursday's MarketsS&P 500
7,501 (+1.08%)Nasdaq
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$63,059 (-1.93%)

Source: Image created by Jester AI.

1. Report: AbbVie Launches Bid For Apogee AbbVie (ABBV +6.13%) – recommended by Team Hidden Gems – is lining up the acquisition of Apogee Therapeutics (APGE +46.66%), reports the Financial Times. The article suggests the all-cash deal would be worth $10.9 billion, about 60% ahead of Thursday's close. Apogee stock popped over 50% in pre-market trading, while AbbVie was essentially unchanged.

"Zumilokibart could fill an important niche in the evolving atopic dermatitis landscape": Evan David Seigerman at BMO Capital Markets commented on Apogee's new drug, expected to enter Phase 3 trials later this year. If approved, it would compete against Dupixent, sold by Regeneron (REGN +0.42%), and is expected by the developer to be longer lasting. Dupixent generated $17.8 billion in revenue last year. "A very well run company with a promising pipeline": In TMF CEO and co-founder Tom Gardner's first Quarterly Call last June, he believed AbbVie could be part of a "collection of five [stocks that] will make you money over the next five years, even though I think ... market valuations right now are relatively high." 2. Markets Steady Ahead of Inflation Report In a market week shortened by Juneteenth National Independence Day, the S&P 500 gained 0.9% with the Nasdaq up 2.4%.

"Encouraging progress has been made including the creation of a mechanism for further technical talks": Mediators from Qatar and Pakistan spoke of a roadmap aimed at reaching a permanent deal between the U.S. and Iran within 60 days, to help further settle stock markets. Benchmark WTI crude dipped close to $75 in morning trade. Headline PCE set to rise further: After the Fed kept interest rates unchanged last week, eyes will now be on the May Personal Consumption Expenditure (PCE) print due Thursday. After the April figure showed a 3.8% increase year over year (YoY), analysts are expecting 4% this time.

3. Earnings We're Watching This Week

FedEx (FDX +1.17%) – recommended in Stock Advisor by Team Rule Breakers – posts fourth-quarter earnings Tuesday, after beating revenue and earnings expectations in Q3. This will be the first update since the spin-off of FedEx Freight (FDXF 1.17%), which reports Thursday. Jefferies (JEF +1.14%), a Team Hidden Gems rec in SA, posts a Q2 update Wednesday. Analysts expect further strong YoY gains, after revenue jumped 26.7% in Q1 with EPS up 22.8%. Micron (MU +6.34%) will release Q3 results Wednesday, as the chip maker's earnings have been soaring on the back of near-insatiable AI demand. Q2 revenue climbed 196% vs the prior-year period, with earnings per share up more than six times to a record $12.20. The stock has soared 830% over the past 12 months, reaching a market cap of $1.28 trillion. McCormick (MKC 1.95%) hits the headlines Thursday, as analysts expect Q2 earnings to remain flat despite a predicted 14% increase in revenue over the same quarter last year. McCormick is currently in the SA Penalty Box for a review following its planned tie-up with Unilever (UL 1.20%). 4. Satya Nadella Calls For AI Rethink In an interview with The Wall Street Journal, Microsoft (MSFT 3.20%) CEO Satya Nadella railed against the growing dominance of AI giants. Without naming names, he questioned whether the public would accept control by early mover LLM creators and resulting threats of job losses.

Microsoft considering offering DeepSeek: In addition to rolling out a number of lower-cost AI applications, including AI agent Copilot Cowork, Microsoft – an SA Foundational Stock from Team Rule Breakers – could drive costs down further by hosting China's cheap competitor to OpenAI and Anthropic. "LLM AI is a moatless biz. Distribution is destiny": Fool analyst Seth Jayson earlier this year cautioned that ultimate market domination by the likes of OpenAI is far from a done deal. 5. Today's Take: AI Buzzwords or the Real Thing?

Here are simple (but not catchall) signals I personally use to spot companies using AI in meaningful and durable ways: AI revenue or customer adoption proof ... Pricing power tied to AI ... Capex tied to margin expansion.-- Meilin Quinn Team Hidden Gems

Unless someone is specifically talking about probabilistic tasks (the domain of LLMs), I usually substitute "machine learning" for "AI" in company PR. That makes things a lot clearer: Machine learning finds patterns in data that we'd never discover ourselves. Thus, the data is the key.-- Karl Thiel Team Rule Breakers

6. Your Take Do you actively look for spinoff opportunities, or does the lack of operating history as an independent company concern you?

Discuss with friends and family, or become a member to hear what your fellow Fools are saying!

This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends AbbVie, Jefferies Financial Group, Micron Technology, Microsoft, and Regeneron Pharmaceuticals. The Motley Fool recommends FedEx, FedEx Freight Holding Company, McCormick, and Unilever. The Motley Fool has a disclosure policy.

NEW YORK, April 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE: JEF).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Jefferies and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 29, 2025, The Wall Street Journal published an article entitled “Auto Supplier First Brands Files for Bankruptcy Amid Accounting Questions,” reporting that “[t]he closely held company’s lenders and independent board directors are now probing whether First Brands made misrepresentations in its financial reporting” and that “First Brands relied heavily on accounts-receivable-backed financing, supplying automotive products to customers on delayed payment terms and borrowing from outside investors against the billed receivables.”  Then, on October 8, 2025, The Wall Street Journal further reported, in an article entitled “First Brands Bankruptcy Damage Spreads to Jefferies UBS,” that Jefferies “said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts.”  

On this news, Jefferies’ stock price fell $4.66 per share, or 7.88%, to close at $54.44 per share on October 8, 2025. 

The following day, Reuters disclosed that “The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group” and that “[t]he Justice Department is probing the company and its dealings with creditors.” 

On this news, Jefferies’ stock price fell another $1.43 per share, or 2.63%, to close at $53.01 per share on October 9, 2025. 

On November 27, 2025, The Financial Times reported that the U.S. Securities and Exchange Commission is investigating Jefferies in connection with its relationship with First Brands, including whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands.  Later, on January 7, 2026, The Financial Times reported that Jefferies took a $30 million loss tied to the collapse of First Brands.  

On this news, Jefferies’ stock price fell $3.62 per share, or 5.6%, to close at $61.05 per share on January 8, 2026.

Then, on March 6, 2026, Western Alliance Bancorp. announced that it was suing Jefferies, alleging that Jefferies’ affiliates backpedaled on previous assurances that they could pay off a large commercial loan balance.  The loans were collateralized by accounts receivable purchased from the now-collapsed First Brands. 

On this news, Jefferies’ stock price fell $5.99 per share, or 13.53%, to close at $38.29 per share on March 6, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980