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.
, /PRNewswire/ -- 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.
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.
Gap Inc (NYSE:GPS)'s recent denim collaboration with Hailey Bieber reinforces the retailer's efforts to restore brand authority and cultural relevance, according to Jefferies analysts, who cited strong sell-through and social media engagement as encouraging signs ahead for the company's denim business and broader brand repositioning.
The firm said the limited-edition collection, launched on July 16, featured six washes across two relaxed-fit denim silhouettes inspired by vintage Gap styles and Bieber's personal aesthetic. The capsule was available online, in select North American stores, and in international markets including the UK, China, and Japan, before receiving a limited restock on July 18.
Jefferies conducted a channel check at Gap's Times Square store on the day of the launch and found inventory was already running low by mid-afternoon.
"When we spoke with the sales associate at 3:30 p.m., she informed us that they were low on sizes, and what was on the floor was all that was left," Jefferies wrote. "What was clear was that customers came in to purchase the jeans, with some coming in only to shop the Hailey Jeans."
The brokerage added that despite the July 18 restock, the collection had sold out again across all sizes and colors.
Jefferies believes that the collaboration's financial contribution is likely to be limited but viewed its performance as an encouraging sign for Gap's broader turnaround strategy.
"We view the success of the collab as another encouraging data point in GAP's ongoing effort to restore brand authority and cultural relevance," the analysts wrote. "While the financial impact is limited, we believe the collab reinforces positive momentum within GAP's denim business and broader brand repositioning efforts."
The brokerage also highlighted strong engagement across social media platforms. As of July 20, a TikTok video posted by Bieber promoting the collection had attracted 7.2 million views and 945,000 likes, while her Instagram post performed in line with other major brand partnerships this year.
Jefferies said the combination of strong sell-through and online engagement supports management's strategy of using celebrity collaborations to enhance fashion relevance, denim authority, and cultural engagement.
Shares of Gap are down about 23% so far this year, trading hands at about $20 on Tuesday afternoon.
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.
, /PRNewswire/ -- 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.
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.
NEW YORK, July 14, 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.
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.
Ecommerce and internet stocks could continue to gain as second quarter earnings season provides greater clarity on profit margins and growth trends, according to Jefferies analysts, who believe valuations across the sector remain attractive despite ongoing concerns about artificial intelligence disrupting online traffic.
The analysts wrote that relative valuations are at multi-year lows and that easing worries over AI-driven disintermediation could continue to support companies with strong earnings potential and room to outperform consensus expectations.
Jefferies also expects upcoming earnings reports to offer investors more visibility into full-year margins after several companies announced increased investment plans earlier this year.
Among ecommerce names, Jefferies maintained a ‘Buy’ rating on Carvana Co. (NYSE:CVNA), though it said its web-scraping analysis suggests retail unit growth slowed to the mid-30% range in the second quarter, slightly below consensus estimates. The firm said that would end the company's streak of nine consecutive quarterly beats if confirmed. It added that Carvana would likely need to sustain unit growth above 30% and restore retail gross profit per unit to more typical seasonal levels for the stock to perform well in the second half of the year.
Jefferies remained cautious on eBay Inc (NASDAQ:EBAY, XETRA:EBA), reiterating an ‘Underperform’ rating as it expects tougher year-over-year comparisons to weigh on gross merchandise volume growth during the second half after temporary tailwinds supported earlier results.
For Etsy Inc (NASDAQ:ETSY, XETRA:3E2), which carries a ‘Hold’ rating, the analysts expect gross merchandise sales growth to accelerate in the second quarter and continue improving through the remainder of the year, supported by recovering web traffic trends.
The firm also downgraded Pattern to ‘Hold’ after the stock's roughly 150% gain year to date. Jefferies said the company's valuation now appears to reflect its growth prospects and potential upside to consensus expectations.
Beyond ecommerce, Jefferies said it is bullish heading into earnings on Airbnb Inc (NASDAQ:ABNB, XETRA:6Z1), Instacart (NASDAQ:CART) and Reddit Inc (NYSE:RDDT), while remaining cautious on Lyft Inc (NASDAQ:LYFT) and Tripadvisor Inc (NASDAQ:TRIP).
Within delivery and mobility, the firm expects Uber Technologies Inc (NYSE:UBER, XETRA:UT8)'s mobility bookings growth to remain stable while delivery bookings growth slows modestly. It also said investors will be watching for updates on the company's capital allocation strategy following its recent bid for Delivery Hero (XETRA:DHER, OTCQX:DLVHF). Jefferies expects DoorDash Inc (NYSE:DASH) shares could respond positively if organic gross order value growth remains above 20% and incremental margins stay on track to reach about 5% by the fourth quarter.
In travel, Jefferies said it is constructive on Airbnb because of stronger traffic growth and the potential for higher full-year margin guidance. It also expects Expedia Group Inc (NASDAQ:EXPE, XETRA:E3X1) could ease investor concerns about the second half with a strong quarterly performance and a possible increase to its full-year margin outlook. By contrast, the analysts noted that investors are preparing for a potential bookings guidance reduction from Booking Holdings Inc (NASDAQ:BKNG, XETRA:PCE1) and warned that continued traffic declines at Tripadvisor could weigh on revenue and earnings.
Among advertising and social media companies, Jefferies expects Reddit to deliver another revenue and EBITDA beat, although it said the stock reaction is likely to depend on sequential growth in logged-in daily active users in the United States. The analysts also maintained a positive view on Zillow (NASDAQ:Z) while remaining more cautious on Duolingo Inc (Unlisted (US):DUOL) and Yelp Inc (NYSE:YELP).
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.
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NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Jefferies Financial Group, Inc. (“Jefferies” or the “Company”) (NYSE:JEF). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On June 25, 2026, Jefferies reported quarterly results showing weaker asset-management fees and investment returns driven in part by Jefferies’ asset-management unit, Point Bonita Capital. The Securities and Exchange Commission is reportedly investigation claims that Jefferies misled investors about the Company’s exposure to First Brands Group, a now-bankrupt auto-parts supplier, through Point Bonita. According to public reports, funds run by Point Bonita were owed roughly $715 million from companies that bought First Brands’ parts. First Brands filed for bankruptcy in September 2025 amid accounting questions, and Jefferies later disclosed a $30 million loss tied to the collapse. On this news, the price of Jefferies shares declined by $5.30 per share, or approximately 9%, from $57.94 per share on June 24, 2026 to close at $52.64 on June 25, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Jefferies securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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.
, /PRNewswire/ -- 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.
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.
BOSTON, July 08, 2026 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Jefferies Financial Group Inc. (NYSE: JEF) for potential securities law violations. Investors who have lost money in their Jefferies Financial Group investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/jef.
What is this all about?
Block & Leviton is investigating whether Jefferies Financial Group and certain of its executives misled investors about the company's exposure to First Brands Group, a now-bankrupt auto-parts supplier, through Jefferies' asset-management unit, Point Bonita Capital. According to public reports, funds run by Point Bonita were owed roughly $715 million from companies that bought First Brands' parts, and questions have emerged over how much information Jefferies gave investors about that exposure. First Brands filed for bankruptcy in September 2025 amid accounting questions, and Jefferies later disclosed a $30 million loss tied to the collapse; the U.S. Securities and Exchange Commission is reportedly examining whether Jefferies adequately disclosed the risk. On June 25, 2026, after Jefferies reported quarterly results showing weaker asset-management fees and investment returns driven in part by Point Bonita, its stock fell about 9%, closing at $52.64 per share.
Who is eligible?
Anyone who purchased Jefferies Financial Group common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Jefferies Financial Group, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]
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.
Defence plans emerged yesterday (Tuesday), with the government finally publishing its Defence Investment Plan after weeks of delay that had already cost one Defence Secretary his job.
The headline number is £15 billion in extra funding, set against a reported £28 billion shortfall in the defence budget. That is roughly £1 billion more than the level John Healey resigned over on 11 June.
The extra cash takes total planned spending to around £300 billion over the next four years, with defence outlays rising to 2.7% of GDP by FY29.
Nuclear and submarines take the lion's share
Of the new money, £64 billion is earmarked for the nuclear deterrent, with £47 billion of that going towards submarines and upgrades at the naval bases in Faslane, Devonport and Portsmouth.
Munitions and weapons receive £11 billion, including around £6 billion on conventional munitions and £490 million on directed energy weapons. The plan reaffirms a commitment to build six new energetics facilities by 2030.
Drones and autonomous weapons pick up £5 billion, including funding towards what Jefferies describes as an autonomous Navy built around the Common Combat Vessel programme, six hybrid ships intended to replace the Type 45 destroyer from 2030.
The Digital Targeting Web, meanwhile, sees its allocation double to around £2 billion, up from roughly £1 billion in the Strategic Defence Review.
Six stocks, two different reactions
Jefferies flags positives across its coverage universe, though the read-through varies by company.
Chemring Group (LSE:CHG), rated 'buy' with a price target of 658p, benefits directly from the energetics facility commitment and what the broker says is an increased allocation to the Digital Targeting Web.
Babcock International PLC (LSE:BAB), also a 'buy' with a target of 1,400p, gets a resolute commitment to nuclear deterrence and AUKUS-related infrastructure. The Land Rover replacement and six-by-six armoured vehicle programmes both appear to be proceeding, and Jefferies sees the Common Combat Vessel as a potential follow-on to the Type 31. The broker also expects the plan's release to clear the way for the FMSP follow-on contract to be signed.
Cohort PLC (AIM:CHRT), rated 'hold' with a target of 1,300p, should see prospects open up around sonar and naval countermeasures work. QinetiQ Group PLC (LSE:QQ.), also a hold with a target of 487p, is positioned around directed energy weapons, which feature heavily in the plan, alongside a broader pipeline of emerging technologies that will need detailed test and evaluation work, an area where QinetiQ specialises.
Avon Technologies PLC (LSE:AVON) is also covered in the note, rated 'buy' with a target of 2,390p, though Jefferies does not detail a specific programme read-through for the maker of helmets and breathing apparatus.
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%.
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Big banks are always among the first companies to report earnings every quarter. As banks are seen as bellwethers for the economy, investors can get a sense of what to expect from other sectors of the economy based on bank earnings. But there is one stock that might be considered a bellwether for the bellwethers -- Jefferies Financial (JEF 6.72%).
Jefferies is a leading investment bank, and it reports earnings weeks before other big investment banks like Goldman Sachs (GS 4.27%), Morgan Stanley (MS 4.08%), and JPMorgan Chase (JPM 1.81%). That's because its quarter ends one month earlier than those other banks -- in this case, May 31.
Image source: Getty Images.
So while it might not be a total apples-to-apples comparison to the other banks, Jefferies results can certainly give investors a sense of how the quarter went for the other major banks, perhaps providing intel on whether they should buy leading up to earnings season.
So how did Jefferies do? Here are some takeaways.
Earnings miss and a mixed bag Jefferies' fiscal second-quarter earnings, released June 24, were a mixed bag. Net earnings grew a solid 5% year over year to $226 million, or $1.02 per share, but it was short of estimates of $1.16 per share. Revenue also missed estimates, despite rising 37% year over year to $2.21 billion. Analysts anticipated $2.22 billion.
The miss was the primary reason that Jefferies stock dropped about 8% the next day, June 25.
Today's Change
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-6.72
%) $
-3.54
Current Price
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49.10
The earnings and revenue, while strong, missed estimates due to weak asset management numbers. Asset management revenue tumbled 46% to $188 million in the quarter due to a difficult stock market environment from March through May. Also, it took a hit from losses by its subsidiary, Point Bonita, which had significant exposure to First Brands Group, a company that went bankrupt last fall.
But on the plus side, Jefferies had blowout investment banking results.
Blowout investment banking revenue Investment banking, Jefferies' bread and butter, had a record quarter. This should get the attention of investors looking at earnings for Goldman Sachs and Morgan Stanley next month.
Investment banking revenue surged to $1.2 billion, a 58% increase year over year. It was a record quarter for Jefferies, led by advisory and equity underwriting. It also had a strong quarter in capital markets as revenue rose 13% to $799 million. Combined, capital markets and investment banking revenue increased 37% year over year to a record $2 billion.
While the quarter may have been a mixed bag for Jefferies, it was good news for other investment bank stocks and their investors. Obviously, the record investment banking and capital markets hauls indicate that this will be a strong quarter for the large investment banks.
Additionally, the downside of this report for Jefferies, asset management, won't translate to the other competitors. That's because Jefferies' asset management results include March, a terrible month for stocks. Goldman Sachs', Morgan Stanley's, and JPM's quarters won't include March and will start with the recovery rally in April.
Also, a big part of Jefferies' asset management hit was from its Point Bonita exposure to First Brands. The other companies won't have that drag. So Q2 should be a good one for the investment banks.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways JEF posted net revenues of $2.21B in 2Q26, up 35% y/y.Jefferies posted record levels of investment banking advisory and underwriting net revenues in the quarter.JEF repurchased 4 million shares for $197 million, at an average price of $49.83 per share. Jefferies Financial Group’s (JEF - Free Report) 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 investment banking 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 year over year significantly from $88 million to $226.2 million.
Jefferies’ 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.
JEF’s 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.
JEF’s 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 was lower 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.
JEF’s Share Repurchase UpdateIn the reported quarter, Jefferies repurchased 4 million common shares for $197 million, at an average price of $49.83 per share.
Its board also increased the share buyback authorization back to $250 million.
Our Take on JefferiesInvestment banking share gains, global partnerships, a strong balance sheet position and active capital distribution activities are expected to keep supporting Jefferies’ earnings through cycles. However, mounting costs (due to higher compensation and digital upgrades) and episodic credit losses might weigh on profitability.
At present, Jefferies carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates of JEF’s PeersJPMorgan (JPM - Free Report) is scheduled to report second-quarter 2026 results on July 14.
Over the past 30 days, the Zacks Consensus Estimate for JPMorgan’s quarterly earnings has been revised upward to $5.44. The estimated figure indicates 9.7% growth from the prior-year quarter.
Bank of America (BAC - Free Report) is also slated to announce second-quarter 2026 results on July 14.
Over the past 30 days, the Zacks Consensus Estimate for BAC’s quarterly earnings has been revised lower to $1.09. This implies a 22.5% rise from the prior-year quarter.
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.
Jefferies (JEF - Free Report) reported $2.21 billion in revenue for the quarter ended May 2026, representing a year-over-year increase of 35%. EPS of $1.03 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of -0.61% over the Zacks Consensus Estimate of $2.22 billion. With the consensus EPS estimate being $1.09, the EPS surprise was -5.51%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Jefferies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues by Source- Total Asset Management Net revenues: $187.72 million versus the two-analyst average estimate of $150.8 million. The reported number represents a year-over-year change of +21.4%.Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $2.01 billion versus the two-analyst average estimate of $1.97 billion. The reported number represents a year-over-year change of +36.4%.Net Revenues by Source- Total Asset Management Net revenues- Investment return: $31.04 million compared to the $49.77 million average estimate based on two analysts. The reported number represents a change of -38.4% year over year.Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: $-22.94 million compared to the $-22.24 million average estimate based on two analysts. The reported number represents a change of +19.8% year over year.Net Revenues by Source- Total Capital Markets: $799.29 million compared to the $793.08 million average estimate based on two analysts. The reported number represents a change of +13.5% year over year.Net Revenues by Source- Total Capital Markets- Equities: $600.75 million versus the two-analyst average estimate of $590.7 million. The reported number represents a year-over-year change of +14.2%.Net Revenues by Source- Total Capital Markets- Fixed income: $198.54 million compared to the $202.35 million average estimate based on two analysts. The reported number represents a change of +11.6% year over year.Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $674.12 million compared to the $612.92 million average estimate based on two analysts. The reported number represents a change of +47.2% year over year.Net Revenues by Source- Total Investment Banking- Other investment banking: $1.83 million versus the two-analyst average estimate of $17.5 million. The reported number represents a year-over-year change of -109.5%.Net Revenues by Source- Total Investment Banking: $1.21 billion versus $1.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.5% change.Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $160.19 million versus $208.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22% change.Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $370.69 million versus $334.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +202.9% change.View all Key Company Metrics for Jefferies here>>>
Shares of Jefferies have returned +16.5% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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:
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.
Jefferies (JEF - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended May 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on June 24, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis investment banking and capital markets company is expected to post quarterly earnings of $1.09 per share in its upcoming report, which represents a year-over-year change of +153.5%.
Revenues are expected to be $2.22 billion, up 35.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.55% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Jefferies?For Jefferies, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Jefferies will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Jefferies 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 beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Jefferies doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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 >>>> .
Jefferies Financial Group is rated 'hold' due to persistent private credit legal overhangs and elevated leverage, despite strong recent share performance. JEF faces ongoing lawsuits and investment losses tied to fraud in private credit, with legal resolutions likely extending into 2027 and continued investor skepticism. Investment banking and trading divisions are delivering robust results, with Q2 earnings expected to beat consensus, but asset management remains a minor, troubled contributor.
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?
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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--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its second quarter financial results on Wednesday, June 24, 2026 after market close.
About Jefferies
Jefferies (NYSE: JEF) 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. For more information: www.jefferies.com.
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.
Jefferies Financial Group Inc. remains a Buy, with shares about 25% undervalued despite recent volatility and technical weakness. JEF posted a 27% YoY net revenue increase to $2.0B, led by record investment banking performance and strong equity underwriting growth. Key JEF risks include potential capital market slowdown, higher rates, and ongoing private credit concerns, but dealmaking momentum persists.
, /PRNewswire/ -- 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.
Altfest L J & Co. Inc. bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,578 shares of the financial services provider’s stock, valued at approximately $1,895,000.
A number of other hedge funds also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in Jefferies Financial Group by 1.8% during the third quarter. Parallel Advisors LLC now owns 10,546 shares of the financial services provider’s stock worth $690,000 after buying an additional 187 shares during the period. Rothschild Investment LLC lifted its holdings in Jefferies Financial Group by 34.7% during the third quarter. Rothschild Investment LLC now owns 741 shares of the financial services provider’s stock worth $48,000 after buying an additional 191 shares during the period. Quadrant Capital Group LLC lifted its holdings in Jefferies Financial Group by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider’s stock worth $1,034,000 after buying an additional 206 shares during the period. Allworth Financial LP lifted its holdings in Jefferies Financial Group by 11.2% during the third quarter. Allworth Financial LP now owns 2,159 shares of the financial services provider’s stock worth $141,000 after buying an additional 217 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its holdings in Jefferies Financial Group by 4.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 5,495 shares of the financial services provider’s stock worth $359,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Jefferies Financial Group Price Performance NYSE JEF opened at $45.74 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 0.99. The stock’s fifty day moving average price is $46.13 and its 200 day moving average price is $54.59. Jefferies Financial Group Inc. has a 1 year low of $35.53 and a 1 year high of $71.04. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 15.45 and a beta of 1.52.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Jefferies Financial Group’s revenue was up 26.6% on a year-over-year basis. As a group, equities research analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.
Jefferies Financial Group Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 18th. Jefferies Financial Group’s dividend payout ratio is presently 54.05%.
Trending Headlines about Jefferies Financial Group Here are the key news stories impacting Jefferies Financial Group this week:
Positive Sentiment: Media reports say Jefferies is facing takeover interest, which can lift the stock by creating M&A premium expectations and drawing investor attention. Jefferies Faces Probes And Takeover Interest As Investors Weigh Trade Offs Positive Sentiment: Jefferies’ conferences continue to attract companies and investor one‑on‑one meetings (example: Immix Biopharma at the Jefferies Global Healthcare Conference), supporting fee income and deal visibility. Immix Biopharma to Host Investor Meetings at Jefferies Global Healthcare Conference 2026 Neutral Sentiment: Jefferies analysts remain active publishing coverage (buy/hold calls across UK and tech names such as AO World and Wise); this underscores recurring research revenue but has limited direct, immediate effect on JEF’s stock. AO World: Premium Growth Profile and Market Share Gains Underpin Buy Rating Neutral Sentiment: Strategist commentary from Jefferies on regional markets (e.g., Christopher Wood on India/Pakistan) highlights the firm’s research reach — positive for brand but not a direct driver of JEF shares. India bull Chris Wood likes Pakistan stock market around IMF bailout cycles Negative Sentiment: Pomerantz LLP announced an investor investigation related to Jefferies, a development that raises litigation risk and can pressure the stock while uncertainty persists. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Jefferies Financial Group Inc. – JEF Negative Sentiment: Reports also describe regulatory probes into Jefferies — regulatory scrutiny increases execution risk and can mute upside until resolved. Jefferies Faces Probes And Takeover Interest As Investors Weigh Trade Offs Wall Street Analyst Weigh In A number of research firms have weighed in on JEF. UBS Group lowered their target price on Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Zacks Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley lowered Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective for the company. in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Friday, March 27th. Finally, The Goldman Sachs Group decreased their price objective on Jefferies Financial Group from $54.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.14.
Check Out Our Latest Stock Analysis on JEF
About Jefferies Financial Group (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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NEW YORK, April 14, 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.
, /PRNewswire/ -- 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.
NEW YORK, April 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 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.
NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of $1.1 billion aggregate principal amount of 5.125% Senior Notes due 2031 (the “Notes”) with an effective yield of 5.304%, maturing April 28, 2031. The offering is expected to settle on April 28, 2026, subject to the satisfaction of customary closing conditions.
JFG intends to use the net proceeds of the offering for general corporate purposes. Jefferies LLC served as sole global co-ordinator and joint book-runner for the offering of the Notes, SMBC Nikko Securities America, Inc. served as joint book-runner, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc. and Natixis Securities Americas LLC served as senior co-managers, and Academy Securities, Inc., AmeriVet Securities, Inc., BBVA Securities Inc., CaixaBank, S.A., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., First Citizens Capital Securities, LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., Intesa Sanpaolo IMI Securities Corp., M&T Securities, Inc., NatWest Markets Securities Inc., Santander US Capital Markets LLC, Standard Chartered Bank, SG Americas Securities, LLC, UniCredit Capital Markets LLC and U.S. Bancorp Investments, Inc. served as co-managers.
The offering of the Notes is being made pursuant to an effective shelf registration statement, base prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus, when available, may be obtained by contacting Jefferies LLC at toll-free (877) 877-0696, or by email at [email protected]; or SMBC Nikko Securities America, Inc. at toll-free (888) 868-6856, or by email at [email protected]. Investors may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission's (“SEC”) website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Jefferies Financial Group Inc.
Jefferies (NYSE: JEF) 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.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements about our future and statements that are not historical facts. These forward-looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “may,” “intend,” “outlook,” “will,” “estimate,” “forecast,” “project,” “should,” and other similar words and expressions, and are subject to numerous assumptions, risks and uncertainties, which will change over time. Forward-looking statements may contain beliefs, goals, intentions and expectations regarding revenues, earnings, operations, arrangements and other results, and may include statements of future performance, plans, and objectives. Forward-looking statements also include statements pertaining to our strategies for future development of our businesses and products. Forward-looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update any forward-looking statements. Furthermore, because forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain, the actual results or outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Information regarding important factors, including risk factors that could cause actual results or outcomes to differ, perhaps materially, from those in our forward-looking statements, is contained in reports we file with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. You should read and interpret any forward-looking statement together with reports we file or furnish with the SEC. 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).
Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.1429.
Several analysts recently issued reports on the stock. Oppenheimer cut their price target on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. UBS Group decreased their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Zacks Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a research note on Friday, March 27th. Finally, The Goldman Sachs Group increased their price target on shares of Jefferies Financial Group from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th.
Read Our Latest Research Report on Jefferies Financial Group
Key Headlines Impacting Jefferies Financial Group Here are the key news stories impacting Jefferies Financial Group this week:
Positive Sentiment: Jefferies’ research remains active and visible — analysts reiterated a Buy on Galderma, highlighting broad revenue outperformance and lower execution risk; persistent, high‑profile research helps Jefferies monetize coverage through trading and investment‑banking flow. Galderma Group AG: Broad-Based Revenue Outperformance and Lower Execution Risk Support Buy Rating Positive Sentiment: Jefferies’ coverage helped fuel a recent rally in Groww after strong Q4 results; buy recommendations from Jefferies can boost brokerage/trading volumes and underwriting opportunities if momentum continues. Groww shares rally 14% in just 3 days. Should investors buy after Q4 results? Neutral Sentiment: A slate of routine reiterations (Holds and sector notes across Europe and consumer names) suggests steady, non‑disruptive research flow rather than incremental upside or downside for JEF; this is normal recurring business. Example: Hold on XP Power. Hold Rating Maintained as Semiconductor Order Rebound Clashes with Modest Revenue Momentum Negative Sentiment: Direct negative driver: Jefferies Financial Group’s March‑quarter results missed EPS expectations ($0.70 vs. $0.89 consensus) despite revenue roughly in line — weaker EPS and modest margins weigh on near‑term sentiment and help explain the stock’s decline. Technicals (50‑day SMA below 200‑day SMA) add to short‑term pressure. Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in shares of Jefferies Financial Group in the 4th quarter valued at approximately $224,000. Arrowstreet Capital Limited Partnership bought a new position in Jefferies Financial Group during the second quarter worth $3,325,000. EverSource Wealth Advisors LLC boosted its holdings in Jefferies Financial Group by 159.3% in the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 548 shares during the period. Amundi increased its stake in Jefferies Financial Group by 8.6% during the second quarter. Amundi now owns 226,025 shares of the financial services provider’s stock valued at $12,798,000 after purchasing an additional 17,935 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Jefferies Financial Group by 11.8% during the second quarter. NewEdge Advisors LLC now owns 25,970 shares of the financial services provider’s stock valued at $1,420,000 after purchasing an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.
Jefferies Financial Group Price Performance JEF stock opened at $45.69 on Tuesday. The stock’s 50 day moving average is $44.09 and its two-hundred day moving average is $53.54. Jefferies Financial Group has a 52-week low of $35.53 and a 52-week high of $71.04. The company has a market capitalization of $9.34 billion, a PE ratio of 15.44 and a beta of 1.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its earnings results on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. Analysts predict that Jefferies Financial Group will post 3.79 earnings per share for the current fiscal year.
Jefferies Financial Group Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, May 18th. This represents a $1.60 annualized dividend and a yield of 3.5%. Jefferies Financial Group’s dividend payout ratio is presently 54.05%.
About Jefferies Financial Group (Get 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 Stories Five stocks we like better than Jefferies Financial Group
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It has been about a month since the last earnings report for Jefferies (JEF - Free Report) . Shares have added about 13.4% 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 drivers.
Jefferies' Q1 Earnings Meet Estimates, Revenues Up on Solid IB PerformanceJefferies’ first-quarter fiscal 2026 (ended Feb. 28) adjusted earnings per share from continuing operations of 89 cents were in line with the Zacks Consensus Estimate. The bottom line jumped 45.9% year over year.
Results were aided by record Investment Banking revenues, strength in Equities and improved Asset Management investment returns. However, lower Fixed Income results, a goodwill write-down associated with Tessellis and losses tied to Market Financial Solutions and First Brands acted as headwinds.
Results included certain non-recurring charges. After considering these, net earnings attributable to common shareholders (GAAP) increased 21.8% to $155.7 million.
Revenues Rise, Expenses IncreaseQuarterly net revenues were $2.02 billion, up from $1.59 billion in the prior-year quarter. The top line marginally beat the Zacks Consensus Estimate of $2.01 billion.
Total quarterly non-interest expenses were $1.80 billion, up from $1.44 billion in the year-ago quarter. Higher compensation and benefits expenses, brokerage and clearing fees, technology and communications expenses, and a write-down associated with Tessellis were the main reasons behind the increase.
As of Feb. 28, 2026, book value per common share was $51.91, up from $49.48 as of Feb. 28, 2025. Furthermore, adjusted tangible book value per fully diluted share increased from $32.57 to $34.24.
Quarterly Segment PerformanceInvestment Banking and Capital Markets: Net revenues were $1.80 billion, rising 28.4% from the prior-year quarter. Investment Banking net revenues were $1.02 billion, up from $700.7 million, driven by higher advisory and equity underwriting revenues, while debt underwriting remained solid but was lower year over year. Capital Markets net revenues were $778.8 million, up from $698.3 million, as Equities net revenues rose 36.5%, partially offset by a decline in Fixed Income net revenues.
Asset Management: Net revenues were $220.3 million, up from $191.7 million in the year-ago quarter. Asset management fees and revenues declined year over year, but investment return soared significantly, driven by improved performance across several fund strategies, particularly those with a long equity bias. Results also included a final $10 million pre-tax loss that fully wrote off Jefferies’ direct exposure to First Brands.
Balance Sheet SolidAs of Feb. 28, 2026, total assets were $74.38 billion, down from $76.01 billion as of Nov. 30, 2025, while total shareholders’ equity was $10.61 billion, up modestly from $10.58 billion.
The leverage ratio was 7.0 compared with 6.8 in the prior-year quarter, and the tangible gross leverage ratio was 8.4 compared with 8.3.
Return on adjusted tangible shareholders’ equity was 10.9%, up from 8.0% in the prior-year quarter.
Share Repurchase UpdateIn the reported quarter, Jefferies repurchased 3.0 million common shares for $174 million, at an average price of $58.18 per share.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -11.77% due to these changes.
VGM ScoresCurrently, Jefferies has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. 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. Interestingly, Jefferies has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerJefferies belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Abacus Global Management, Inc. (ABX - Free Report) , has gained 4.3% over the past month. More than a month has passed since the company reported results for the quarter ended December 2025.
Abacus Global Management, Inc. reported revenues of $71.9 million in the last reported quarter, representing a year-over-year change of +116.5%. EPS of $0.23 for the same period compares with $0.16 a year ago.
Abacus Global Management, Inc. is expected to post earnings of $0.21 per share for the current quarter, representing a year-over-year change of +16.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.4%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Abacus Global Management, Inc.. Also, the stock has a VGM Score of D.
Consumer Portfolio Services (NASDAQ:CPSS – Get Free Report) and Jefferies Financial Group (NYSE:JEF – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, profitability, risk, analyst recommendations, valuation, earnings and institutional ownership.
Analyst Ratings This is a breakdown of current ratings for Consumer Portfolio Services and Jefferies Financial Group, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Consumer Portfolio Services 1 0 0 0 1.00 Jefferies Financial Group 0 4 3 0 2.43 Jefferies Financial Group has a consensus price target of $58.14, suggesting a potential upside of 22.55%. Given Jefferies Financial Group’s stronger consensus rating and higher probable upside, analysts plainly believe Jefferies Financial Group is more favorable than Consumer Portfolio Services.
Profitability This table compares Consumer Portfolio Services and Jefferies Financial Group’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Consumer Portfolio Services 4.45% 6.34% 0.51% Jefferies Financial Group 6.61% 7.83% 1.15% Institutional and Insider Ownership 47.6% of Consumer Portfolio Services shares are held by institutional investors. Comparatively, 60.9% of Jefferies Financial Group shares are held by institutional investors. 63.7% of Consumer Portfolio Services shares are held by company insiders. Comparatively, 19.9% of Jefferies Financial Group shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Volatility and Risk Consumer Portfolio Services has a beta of 1.08, meaning that its share price is 8% more volatile than the S&P 500. Comparatively, Jefferies Financial Group has a beta of 1.52, meaning that its share price is 52% more volatile than the S&P 500.
Earnings & Valuation This table compares Consumer Portfolio Services and Jefferies Financial Group”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Consumer Portfolio Services $434.47 million 0.42 $19.33 million $0.80 10.59 Jefferies Financial Group $10.82 billion 0.90 $710.47 million $2.96 16.03 Jefferies Financial Group has higher revenue and earnings than Consumer Portfolio Services. Consumer Portfolio Services is trading at a lower price-to-earnings ratio than Jefferies Financial Group, indicating that it is currently the more affordable of the two stocks.
Summary Jefferies Financial Group beats Consumer Portfolio Services on 13 of the 14 factors compared between the two stocks.
About Consumer Portfolio Services (Get Free Report)
Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems. It also serves as an alternative source of financing for dealers, facilitating sales to customers who are not able to obtain financing from commercial banks, credit unions, and the captive finance companies. In addition, the company acquires installment purchase contracts in merger and acquisition transactions; purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. It services its automobile contracts through its branches in California, Nevada, Virginia, Florida, and Illinois. The company was incorporated in 1991 and is based in Las Vegas, Nevada.
About Jefferies Financial Group (Get Free Report)
Jefferies Financial Group Inc. operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services. The company also offers financing, securities lending, and other prime brokerage services; equities research, sales, and trading services; wealth management services; and online foreign exchange trading services. In addition, it provides investment grade distressed debt securities, U.S. and European government and agency securities, municipal bonds, leveraged loans, emerging markets debt, and interest rate and credit index derivative products; and manages and offers services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.
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NEW YORK--(BUSINESS WIRE)--Jefferies announced today the publication of "Shifting Sands: Israel's Role as a Financial Capital in an Evolving Middle East," a comprehensive analysis of Israel's evolving position as a regional technology and financial hub. The report is being presented by Natti Ginor, Managing Director and Head of Jefferies' Israel Coverage Group, at the Milken Institute Global Conference in Beverly Hills.
The report details Israel's remarkable capital markets performance and technology ecosystem resilience throughout a period of regional conflict. Key highlights include:
Capital Markets Outperformance: The TA-35 index surged 52% in 2025, significantly outpacing the S&P 500's 16% gain, while Tel Aviv Stock Exchange equity market capitalization rose 46% to approximately $628 billion. Tech Ecosystem Strength: Israel's private tech sector raised an estimated $19.9 billion across approximately 860 funding rounds in 2025, marking a 62% increase in total capital raised year-over-year. Historic M&A Activity: 2025 witnessed over 150 deals with a cumulative transaction value of $82.3 billion, headlined by Google's $32 billion acquisition of Wiz—the largest deal in Israeli history. Global Investor Confidence: Foreign investor holdings in TASE-listed securities more than doubled since October 2023, reaching a new all-time high of $108 billion by January 2026, with net inflows of $1.4 billion in 2025. “Israel has demonstrated unprecedented resilience as both a capital markets and technology leader," said Natti Ginor, Managing Director and Head of Israel Coverage Group at Jefferies. "Despite ongoing geopolitical challenges, global investor sentiment toward Israel remains highly favorable. The combination of strong capital markets, cutting‑edge innovation, and deepening global market integration is reinforcing Israel’s role as a key economic and strategic player in the evolving Middle East."
The report also examines Israel's leadership in key technology sectors including cybersecurity, artificial intelligence, and defense-tech, while highlighting major dual-listing initiatives such as Palo Alto Networks' February 2026 listing on the Tel Aviv Stock Exchange.
Jefferies continues to demonstrate its commitment to Israel, ranking as the #1 investment bank in Israel in 2025 by deal count and having led 10 global equity follow-on offerings for TASE-listed companies totaling over $3.5 billion since the start of the conflict.
The full report is available here.
About Jefferies Financial Group Inc.
Jefferies (NYSE: JEF) 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.
It’s Friday, so treat yourself! Inspire Brands, the private empire behind Dunkin’, Arby’s, Buffalo Wild Wings, Sonic Drive-In, Baskin Robbins, and Jimmy John’s, just confidentially filed for an IPO. Backer Roark Capital wants a $20 billion valuation, which would rank this among the biggest restaurant offerings ever.
33,300 locations, $33.4B in sales: That looks like a small nation that runs on coffee and chicken wings. They’re not alone: Jersey Mike’s also filed last month. Everyone wants a slice of the public markets right now, even if the IPO window is only half-open. How Big Is Inspire Brands?
🍩 Restaurants
33,300+
👨🍳 Team members
650,000
🤝 Franchisees
2,700+
🌍 Global markets
57
📱 U.S. digital sales
$11B+
Source: inspirebrands.com/about-us/
Micron Recovers as Memory Demand Holds 4:20 pm — MU +15.49% today
That was quite a 24-hour stretch for Micron (MU 1.02%)! Shares tumbled 3% Thursday after Bernstein raised the alarm on the computer memory spot market, then rocketed 9% Friday morning, with Bernstein once again pulling the strings, to end the day up 15.5%. (Leave it to Wall Street...) The worry is that DRAM and NAND prices have gotten so hot that some buyers are being priced out, which could pump the brakes on gains heading into Q2 2026. But here’s the twist. April DRAM prices surged 57% versus Q1 averages, and NAND jumped 65–70%. The buyers who can afford memory are still buying — aggressively — and that’s keeping the bull case very much alive.
Don’t panic about Q2: Analysts still expect Micron to earn about $19/share in the May quarter on $33.5 billion in revenue, a jaw-dropping 260% sales increase year over year. That price target, though: Bernstein’s buy rating hasn’t budged but it's sitting on a $510 target while Micron trades well above it — an awkward position that suggests a revision is coming, and probably soon. Foolish investors would do well to tune out the noise. After all, Micron is among the highest-scoring companies in both the Hidden Gems primary and Rule Breakers primary Moneyball databases.
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The S&P 500 and Nasdaq hit all-time intraday highs Friday after April’s jobs report showed nonfarm payrolls rising 177,000 — that was well above the 130,000 economists expected — while the unemployment rate held at 4.2%. The Nasdaq gained 4.5% over the past 5 days, powered by AI-driven tech earnings. Tempering the mood: a skirmish between U.S. and Iranian forces in the Strait of Hormuz sent oil prices up 1% to around $95 per barrel, though President Trump called the exchange "just a love tap" and Secretary of State Rubio said a ceasefire response from Iran was expected Friday.
Burry’s dot-com warning: Michael Burry says the market "feels like the last months of the 1999–2000 bubble," pointing to stocks rising simply because they’ve been rising — on a "two-letter thesis" (AI) everyone thinks they understand. Memory stocks on fire: Micron Technology (MU 1.02%) and Sandisk (SNDK +5.24%) each surged about 13% Friday and are up 35% and 27% respectively on the week, as the Philadelphia Semiconductor Index climbs 10%+ and notches 65% gains in 2026. Toast Drops 15% Despite AI Wins 3:50 pm — TOST -14.21%
By Tim Beyers
Team Rule Breakers
Shares of Toast (TOST +0.53%) are down close to 15% today on what appears to be concern about input costs -- particularly hardware costs -- as a result of tariffs impacting the supply chain. Macro concerns may also be in place. And yet Toast had a decent quarter. Already, 40,000 locations use the Toast IQ AI chatbot and those using the new Toast IQ Grow agent are seeing a meaningful uptick in order size. I’ll report more after carefully listening to the conference call.
HubSpot (HUBS +0.77%) got absolutely walloped Friday — down 20% — despite actually beating Q1 estimates. Revenue climbed 23% to $881 million, and adjusted EPS of $2.73 cleared the bar handily. What went wrong? Q2 revenue guidance of $897–$898 million landed just shy of the $902 million Wall Street wanted, and that was enough to send investors scrambling for the exits.
The agentic growing pains are real: HubSpot slashed prices on its Customer Agent and Prospecting Agent products in April, threw in 28-day free trials, and then discovered its own sales team needed retraining on the new usage-based plans. It was a perfect storm for a soft quarter start. Bargain or value trap? At just 16.0x this year’s earnings estimates, HUBS looks genuinely cheap. But until software companies prove they can thrive — not just survive — in the agentic AI era, the "SaaS-pocalypse" discount is likely here to stay. Metric (GAAP unless noted)Q1 2026Q1 2025Y/Y ChangeEPS (Non-GAAP)$2.72$1.78+52.8%Revenue (millions)$881.0$714.1+23.4%Operating Margin (Non-GAAP)17.8%14.0%+3.8 ppFree Cash Flow (Non-GAAP, millions)$153.7$122.3+25.6%Customers (Non-GAAP)299,458258,147+16.0% Baby Boom Fuels Progyny’s Rally 2:46 pm — PGNY +20.41%
By Alicia Alfiere
Team Rule Breakers
Progyny’s (PGNY +3.74%) stock is up today, partly because of the conservative guidance issued during its fourth-quarter earnings call. Back in March, Progyny projected that benefit usage could slip to the lower end of its historical range. That conservative guidance likely caused Progyny’s share price to decline after its fourth-quarter results were released.
The company reported first-quarter earnings and, instead of historically low benefit utilization, said member engagement came in at the higher end of expectations.
Nelnet’s Growth Continues 2:26 pm — NNI -15.07%
By Buck Hartzell
All divisions of Nelnet (NNI +1.35%) grew YoY. The biggest driver of growth is their acquisition of Klarna’s (KLAR 1.04%) BNPL loans. That balance reached $766.2 million at quarter end. Their provision for loan losses was $48.5 million vs $13.0 million in Q1 2025. This was entirely due to portfolio growth. Their bank saw net loan and interest income grow 43.5% YoY to $17.8 million. Loan Servicing grew revenues 5.8% to $128.8 million. Education Technology and Payments grew revenues 4.8% YoY to $154.4 million. Nelnet still has two very large assets in ALLO Communications and Hudl that I believe are undervalued on their balance sheet. The stock is still a buy.
Today's Change
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1.73
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130.30
Amazon Data Center Overheats 1:10 pm -- AMZN +0.8%
Amazon (AMZN 1.24%) Web Services is battling a "thermal issue" at a Northern Virginia data center that has crippled major trading and betting platforms. Starting Thursday night, the overheating in a primary US-East-1 availability zone triggered server impairments for Coinbase Global (COIN 0.41%) and Flutter Entertainment's (FLUT 0.14%) FanDuel. While Coinbase reported core services are resolving, FanDuel users faced extended lockouts, preventing crucial mid-game bet cash-outs. AWS, which controls a third of the cloud market, expects a full recovery to take several hours as technicians bring supplemental cooling capacity online to rescue the affected hardware.
The Cost of Centralization: This single-zone failure highlights the systemic risk for fintech firms reliant on AWS, as even localized hardware heat can disconnect millions from global markets. Infrastructure Fragility: The reliance on EC2 virtual servers means that until the physical Virginia facility cools down, digital platforms remain vulnerable to intermittent "instance impairments." Today's Lunchtime News 1:05 pm -- PGNY +17.5%
Progyny (PGNY +3.74%) posted higher first-quarter revenue and profit while expanding its client base and completing a $200 million share repurchase program, signaling continued momentum despite the loss of a previously disclosed large client. Revenue rose 1.4% year over year to $328.5 million, or 12.2% excluding the lapsed contract.
Operational highlights: Net income jumped to $24.2 million, or $0.29 per diluted share, from $15.1 million a year earlier, while gross margin expanded to 25.3% from 23.4% on operational efficiencies and lower stock-based comp. Fertility benefit services revenue rose 1.5% to $209.4 million, and the company served 595 fertility and family building clients, up from 532 a year earlier. Capital return push: Progyny repurchased more than 5.5 million shares for $116.4 million during the quarter, completing its $200 million authorization. The board is currently evaluating a new repurchase plan. CEO Pete Anevski said the early selling season is pacing ahead of last year, with new pipeline build "substantially favorable" versus a year ago.
Today's Change
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3.74
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0.96
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26.61
MercadoLibre's Revenue Surges 49% 12:20 pm
By Buck Hartzell
MercadoLibre's (MELI 1.25%) margins shrank as they invested in future growth. Credit expansion, improved logistics, first party sales, cross border trade and free shipping are all working well.
Revenue + 49% YoY (46% FXN) to $8.8 B USD (fastest growth since Q2 2022) Income from ops -19.9% to $611 M (6.9% margin vs 12.9% in Q1 25) Net income -15.5% to $417 M (4.7% margin vs 8.3% in Q1 25) TPV + 50% YoY (55% FXN) to $87.2 B Credit portfolio + 87% YoY to $14.6 B Issued 2.7 M credit cards in Q1 26. Credit growth requires reserving, which hurts near term margins. The stock remains attractive for patient capital.
Today's Change
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-1.25
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-20.12
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1589.88
Gas Prices Sink Sentiment to New Low 11:25 am
Consumer sentiment plummeted to a preliminary reading of 48.2 in May, marking a fresh record low as the Iran war continues to drive energy costs higher. Despite a strong labor report, the University of Michigan survey revealed that one-third of respondents blame surging gas prices — now averaging $4.54 nationally — for their deteriorating outlook. While retail giants like Walmart (WMT +0.44%) and Amazon (AMZN 1.24%) have remained resilient, the 9% drop in current conditions suggests major purchases are being shelved. Sentiment is unlikely to recover until supply disruptions resolve, though stock indexes stayed positive as long-term inflation expectations eased slightly to 3.4%.
The Double-Whammy Effect: Beyond the pump, another third of consumers cited aggressive tariffs as a primary headwind, creating a challenging environment for import-heavy companies like Target (TGT +1.95%). Inflationary Silver Lining: While current attitudes are grim, the one-year inflation projection dipped to 4.5%, offering the Federal Reserve a slim hope that price expectations are not becoming permanently unanchored.
The High Cost of Scaling AI 10:25 am
The AI infrastructure race is becoming a high-stakes cash-flow test for Alphabet (GOOG +0.44%), Microsoft (MSFT +0.11%), Amazon (AMZN 1.24%), and Meta Platforms (META 0.14%). Capital expenditures for data centers and chips are consuming an increasingly large share of operating cash, with Amazon spending nearly everything it generates on build-outs. Alphabet is the most striking example of this tension; its forward price-to-free-cash-flow multiple has soared above 200x. While these "hyperscalers" can afford the massive investment, the market is closely watching for when this capital-intensive "backbone" starts yielding clear bottom-line payoffs as free cash flow gets squeezed.
The 100% Threshold: If capex exceeds operating cash, these giants must look beyond daily profits to fund growth, a pivot that historically triggers investor anxiety. Valuation Disconnect: Alphabet’s surging multiple suggests investors are pricing in future AI dominance while simultaneously ignoring the shrinking pile of cash that survives the build-out. Opening Bell 9:35 am
Markets are climbing this Friday as a robust jobs report and resilient tech earnings override geopolitical friction. Nonfarm payrolls added 115,000 positions in April, shattering the 55,000 estimate, while the unemployment rate held steady at 4.3%. Chipmakers are providing the muscle, with Qualcomm (QCOM +4.32%) up 6% and Micron Technology (MU 1.02%) rising 4%. Despite a brief exchange of fire in the Strait of Hormuz, which President Trump characterized as a "love tap," markets remain optimistic. Investors are closely watching for Iran's formal response to a peace proposal as the S&P 500 continues to flirt with all-time highs.
Broad-Based Earnings Power: Analysts expect 20% year-over-year earnings growth to persist through 2026, suggesting the current market momentum has significant fundamental support beyond just a few tech giants. Energy Market Tension: Crude prices hover near $95 as the U.S. Navy destroyers intercepted attacks, though the continued ceasefire suggests traders are pricing in a diplomatic resolution rather than a full-scale oil supply shock. Market indexes
S&P 500
0.48%
Nasdaq
0.66%
Dow
0.36%
Trade Desk's Real Risk Is the Publicis Standoff 9:15 am -- TTD -13.11% in pre-market trading
By Sanmeet Deo
Team Rule Breakers
It seems the most pressing concern coming out of The Trade Desk's (TTD +2.06%) Q1 2026 earnings is not the macro nor the EPS miss but whether the Publicis situation represents an isolated negotiating dispute or the beginning of a broader agency pushback against TTD's pricing and transparency practices.
Omnicom's subsequent audit found no issues, which suggests the Publicis allegations may be overstated. But the market does not trade on what Omnicom found. It trades on uncertainty, and the uncertainty here is significant. Publicis manages enormous ad budgets for global brands. If their advisory against TTD sticks with even a portion of their clients, the revenue impact in Q2 and Q3 could be material, and TTD's guidance would be giving no credit to that risk.
The secondary concern is margin trajectory. A full-year target of at least 40% adjusted EBITDA margin requires a dramatic improvement from the 30% reported in Q1. That ramp requires either a meaningful revenue acceleration in the back half of the year or aggressive cost containment. The call gave investors no clear picture of which lever management is pulling.
The bull case remains intact in the long-term, the open Internet thesis, retail media, AI search, objectivity as competitive advantage. Jeff Green's $150 million personal stock purchase is not nothing. But the near-term is genuinely cloudy, and the call did more to validate investor anxiety than to resolve it.
Today's Change
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0.39
Current Price
$
19.29
U.S. Hiring Surges Past Expectations 9:15 am
The U.S. labor market demonstrated surprising resilience in April, adding 115,000 jobs--nearly doubling economist forecasts of 65,000. While the tech-heavy information sector continues to contract, essential services like healthcare and logistics are propping up the S&P 500. Wage growth moderated to a 3.6% annual clip, providing a "Goldilocks" scenario for the Federal Reserve: strong enough to prevent a recession, but cool enough to avoid an inflationary spiral. This stability likely cements a "higher-for-longer" interest rate path, favoring companies with robust cash flows over speculative growth names.
Lime's IPO Filing Signals Thaw in IPO Market 8:00am
Micromobility pioneer Lime, officially incorporated as Neutron Holdings, has filed for an initial public offering to list on the Nasdaq under the ticker symbol "LIME." The start-up arrives at the public gates with significant institutional backing, most notably from Uber Technologies (UBER 1.01%), and a narrative centered on robust revenue expansion and a surging global user base. While the filing remains "placeholder" in nature--omitting specific pricing terms and valuation targets--the heavy-hitting underwriting team led by Goldman Sachs (GS +2.62%) and JPMorgan Chase (JPM +2.28%) suggests a high-conviction push to capitalize on the recent thaw in the IPO market.
Strategic Ecosystem Value: As a key partner in the Uber app ecosystem, Lime's public performance will be a critical litmus test for the long-term viability of the rental scooter and e-bike business model. Wall Street Heavyweights: The inclusion of top-tier bookrunners like Jefferies (JEF +3.35%) and Evercore (EVR +0.64%) indicates that institutional appetite for late-stage venture success stories is returning to the transportation sector. This Morning's Breakfast News 7:30 am -- NET -17.75% in pre-market trading
Cloudflare (NET +0.23%) fell over 18% ahead of the opening bell as investors see the company belatedly playing catch-up on AI, with management noting it's "the biggest tailwind we've ever seen," along with quarterly results showing a 4.67% fall in gross profit margins from the prior-year period.
"Cloudflare's usage of AI has increased by more than 600% in the last three months alone": 1,100 staff are being cut, with an email sent to staff saying management "have to be intentional in how we architect our company for the agentic AI era," with the job cuts representing 20% of the current workforce. News overshadows strong set of results: Despite the fall in gross margin, revenue rose by 34% versus the same period last year, with the outlook for full-year fiscal 2026 revenue and earnings raised.
ICYMI: Thursday's Scoreboard 6:30 am -- COST unchanged in pre-market trading
Costco (COST +0.67%) was the subject of the latest Scoreboard video.
Rocket Lab's Best Quarter Is the Drama-Free One 6:00 am -- RKLB +6.83% in pre-market trading
By Lou Whiteman
Team Hidden Gems
Rocket Lab (RKLB 10.91%) beat expectations for the quarter, but the real story of the earnings report was how little drama there was about the quarter.
The company generated $200 million in revenue in the quarter and posted a $12 million EBITDA loss, better than Wall Street's $190 million and a loss of $26 million expectation. But note that the company had guided for $185 million to $200 million in revenue, and the EBITDA beat was largely because of accounting: Rocket Lab benefited from a reversal of some 2025 bonus compensation accruals.
Rocket Lab needs to be viewed as a long-term growth story, not a quarter-to-quarter standout. And the company's forecast for the future, though not surprising, was encouraging. The company grew its backlog by 20% since last quarter thanks to strong bookings in its launch business.
Today's Change
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-10.91
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-12.52
Current Price
$
102.26
TSMC's AI Demand Drives April Revenue Higher 5:15 am -- TSM +0.63% in pre-market trading
TSMC (TSM +0.46%) reported a robust 17.5% year-over-year revenue increase for April, totaling NT$410.73 billion ($13.08 billion), as the global appetite for advanced AI hardware remains insatiable. While monthly sales dipped a marginal 1.1% from March, the year-to-date trajectory is formidable, with revenue up nearly 30% through the first four months of 2026. The world's leading foundry is successfully navigating a complex macro environment, leveraging its dominance in 3nm and 5nm nodes to support "Magnificent Seven" clients like Nvidia (NVDA +0.15%) and Apple (AAPL 1.52%). Management's bullish Q2 guidance of up to $40.2 billion suggests that the bottleneck for growth remains production capacity rather than a lack of orders.
Aggressive Capex Expansion: To meet "extremely strong" demand, the company has raised its 2026 capital expenditure target to a range of $52 billion to $56 billion, focusing on advanced packaging and new global fabs. Geopolitical Balancing Act: Despite tightening U.S. technology restrictions on high-end silicon, TSMC's record-high margins of 66.2% prove its specialized manufacturing moat currently outweighs the risk of regional trade friction.
Today's Change
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0.46
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1.94
Current Price
$
423.01
Top of the Morning 5:00 am -- SRAD +0.88% in pre-market trading
By Morning Show host Jim Mueller, CFA
Team Rule Breakers
What should you do if you're the CEO of a company when a short attack article comes out about your company?
If you're smart, very little. At most, comment on any errors of fact, answer analyst questions, and then shut up.
That's what Carsten Koerl, CEO of Sportradar (SRAD 5.72%), has done.
A bit over two weeks ago, Muddy Waters and Calisto Research put out nearly identical short reports on the company claiming, among other things, that the company should be unprofitable because it was purposefully doing business with criminal enterprises. Evidence given was an interaction with a sales rep and finding evidence of Sportradar's code on various illegal gambling websites.
Shares fell over 20% that day. Good for Muddy Waters, I guess.
In reply, the company moved up its earnings release and did nothing else until the new release date. Then, on the day of earnings, they filed with the SEC a document explaining that there were three ways for their code to be found on various sites, only one of which was legitimate. Further, the way Muddy Waters detected the code couldn't distinguish among the three.
During the conference call Koerl also answered questions posed by analysts about various points raised by Muddy Waters. For example, he said that the sales rep was quite young (as in inexperienced) and that talk is talk until due diligence has been performed. He strongly implied that such due diligence would have not led anywhere if the Muddy Waters reps were legitimate instead of trying to entrap the rep.
He answered a few other questions, but then he did a smart thing. He shut up.
4:30 am -- ABNB -0.98% in pre-market trading
By Morning Show host Alicia Alfiere
Team Rule Breakers
Airbnb (ABNB +1.08%) reported that gross booking value, which is the value of bookings on the booking platform, grew 19% to total $2.9 billion in the first quarter. That's impressive, but what's more fascinating is that the company's new "Reserve Now, Pay Later" bookings drove roughly 20% of global gross booking value. This new feature has changed how guests can book and Airbnb reports that the increased flexibility has caused long lead times and travelers booking pricier accommodations.
And there were other signs of a platform that continues to grow-like an increase in first time bookers. The growth in these new-to-Airbnb travelers grew 10% in the first quarter-which is the highest rate seen since early 2022. Additionally, this new Airbnb-er expansion is driven by younger customers and travelers who live in Airbnb's expansion markets, like Brazil, Japan, and India.
Today's Change
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1.41
Current Price
$
132.28
Before the Opening Bell 4:45 am
U.S. stock futures advanced early Friday as optimism over a potential diplomatic resolution to the U.S.-Iran conflict outweighed Thursday's slight retreat from record highs. Despite the Dow's 314-point slide yesterday, all three major benchmarks remain on track for a winning week, buoyed by a resilient tech earnings season. The Nasdaq Composite leads the charge with a projected 2.8% weekly gain, while the S&P 500 and Dow Jones Industrial Averagehave risen 1.5% and 0.2%, respectively. All eyes now pivot to the April nonfarm payrolls report, which will serve as a critical health check for the economy amid shifting geopolitical undercurrents.
JPMorgan Chase is an advertising partner of Motley Fool Money. This 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. Alicia Alfiere, MBA has positions in Alphabet, Amazon, Apple, Costco Wholesale, Microsoft, Nelnet, and Progyny. Buck Hartzell has positions in Alphabet, Apple, JPMorgan Chase, MercadoLibre, Microsoft, and Nelnet. Jim Mueller, CFA has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nelnet, Nvidia, Sportradar Group, Toast, and Walmart and has the following options: long January 2027 $215 calls on Amazon, long January 2028 $230 calls on Amazon, long January 2028 $7.50 calls on Sportradar Group, short January 2027 $225 calls on Amazon, short January 2028 $240 calls on Amazon, short June 2026 $210 puts on Amazon, short June 2026 $31 calls on Toast, and short May 2026 $22.50 calls on Sportradar Group. Lou Whiteman has positions in Cloudflare, MercadoLibre, Nelnet, Rocket Lab, Taiwan Semiconductor Manufacturing, The Trade Desk, and Walmart. Sanmeet Deo, CFA has positions in Alphabet, Amazon, The Trade Desk, Toast, and Walmart. Tim Beyers has positions in Alphabet, Amazon, Apple, HubSpot, MercadoLibre, Progyny, Taiwan Semiconductor Manufacturing, and Toast. The Motley Fool has positions in and recommends Airbnb, Alphabet, Amazon, Apple, Cloudflare, Costco Wholesale, Evercore, Goldman Sachs Group, HubSpot, JPMorgan Chase, Jefferies Financial Group, Klarna Group, MercadoLibre, Meta Platforms, Micron Technology, Microsoft, Nelnet, Nvidia, Progyny, Qualcomm, Rocket Lab, Sportradar Group, Taiwan Semiconductor Manufacturing, Target, The Trade Desk, Toast, Uber Technologies, and Walmart. The Motley Fool recommends Coinbase Global and Flutter Entertainment Plc and recommends the following options: short May 2026 $22.50 calls on Sportradar Group. The Motley Fool has a disclosure policy.
New capabilities deliver faster data ingestion and seamless programmatic access to research and Analyst-Curated Data for institutional investors
NEW YORK--(BUSINESS WIRE)--M Science, a leading provider of data-driven investment research and analytics, today announced the launch of its Unified Data Model and Model Context Protocol (MCP) Server, creating a modern data and AI infrastructure layer for institutional investors.
Together, the Unified Data Model and MCP Server are designed to help clients move faster from data ingestion to insight generation by standardizing access to M Science’s Analyst-Curated Data and enabling direct, programmatic use of M Science research and curated datafeeds inside client AI applications, internal copilots, and automated investment workflows.
The Unified Data Model provides a single, standardized framework for M Science’s Analyst-Curated Data, simplifying the ingestion and analysis of historically disparate data feeds. Built on a scalable star-schema architecture and enhanced with Change Data Capture, the Unified Data Model supports precise point-in-time analysis, historical comparisons, and robust back-testing.
The Unified Data Model is backed by the breadth and depth of M Science’s proprietary data ecosystem, which includes more than 1,440 key performance indicators and daily or weekly data on over 1,400 companies, with datasets updated in near real time. This coverage is supported by a rich historical archive, enabling longitudinal analysis across market cycles and more granular, point-in-time views into company and sector performance.
Complementing the Unified Data Model, the new MCP Server will give clients secure, programmatic access to M Science research and data through tool-based interfaces designed for modern AI systems. The MCP Server extends the foundational infrastructure that powers Maddie, M Science's AI copilot, providing institutional clients with a flexible, programmable interface to M Science's research and data intelligence, enabling deeper integration into proprietary AI systems and workflows. This includes integration with widely used large language model environments such as OpenAI’s ChatGPT and Anthropic’s Claude, as well as internally developed AI systems.
“M Science is focused on delivering not just differentiated data, but the infrastructure clients need to operationalize it at scale,” said Michael Marrale, CEO of M Science. “The Unified Data Model reduces friction in data ingestion and analysis, while the MCP Server will allow clients to bring M Science’s data and research directly into the AI-driven workflows they are already building.”
A defining feature of M Science’s platform is the connection between structured data and deep analyst context. M Science’s Analyst-Curated Data feeds, originally launched in 2018, have been continuously refined and expanded through ongoing enhancements in methodology, coverage, and validation. Combined with the firm’s extensive archive of historical and current written research, this creates a contextual intelligence layer that differentiates M Science from traditional data providers.
By leveraging MCP, clients will be able to access not only structured datasets, but also the research context behind them, helping create more explainable, auditable, and actionable AI-driven investment workflows.
The Unified Data Model is supported by flexible delivery options, including Snowflake Share, Databricks Delta Sharing, S3, API, and an enhanced user interface within the M Science Portal. The new UI allows users to explore data feeds in a single view, configure scheduled deliveries, and streamline discovery and access across datasets.
At the same time, the MCP Server supports a more flexible and scalable way to interact with M Science content, moving beyond static data delivery and traditional interfaces toward fully integrated, agentic AI environments.
“With the introduction of MCP, we’re extending M Science beyond our platform,” said Spenser Marshall CIO at M Science. “Clients will be able to access our research and Analyst-Curated Data in a programmatic, controlled way that aligns with how modern AI systems operate. The combination of structured data and deep contextual research is what makes our platform uniquely powerful in an AI-driven world.”
Key benefits of the combined UDM and MCP Server launch include:
Unified Data Architecture: A consistent schema that simplifies ingestion, reduces data engineering overhead, and accelerates time to insight. AI-Ready Integration: MCP-based access that enables M Science data and research to be embedded directly into client AI systems, copilots, and agentic workflows. Point-in-Time Analytics: CDC-enabled architecture that supports accurate historical comparisons, backtesting, and longitudinal analysis. Workflow Efficiency: Standardized data structures and programmatic access that reduce operational complexity across data pipelines, research processes, and AI applications. Contextual Intelligence: Integration of structured datasets with M Science’s deep archive of analyst research for richer, more explainable insights. Flexible Delivery: Access through API, cloud shares, S3, the M Science Portal, and MCP tools to support a wide range of client infrastructure needs. “The combination of standardized data and programmatic AI access represents a meaningful shift in how clients can use M Science,” said Marshall. “We’re enabling them to move faster — from ingestion, to analysis, to decision-making — while maintaining the controls, transparency, and context they require.”
About M Science
M Science, a Jefferies company, is a leading provider of data-driven research and analytics, offering differentiated insights derived from a variety of alternative and traditional data sources. The firm combines proprietary datasets, advanced analytics, and deep industry expertise to help institutional investors make more informed decisions.
For more information, please visit www.mscience.com or contact [email protected].
, /PRNewswire/ -- 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 executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have 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:
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:
SAN DIEGO, June 05, 2026 (GLOBE NEWSWIRE) -- 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 executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have 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:
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:
San Diego, California--(Newsfile Corp. - June 8, 2026) - 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 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:
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:
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Stock to Watch: Jefferies (JEF - Free Report) New York-based Jefferies Financial Group Inc. is a financial services company that provides various services, including IB, asset management, capital market-related services and direct investing in the Americas, Europe and Asia. The company has more than 45 offices located in 20 countries.
JEF is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. JEF has a Momentum Style Score of B, and shares are up 12.7% over the past four weeks.
For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $3.63 per share. JEF boasts an average earnings surprise of +12.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, JEF should be on investors' short list.
, /PRNewswire/ -- 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 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:
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:
, /PRNewswire/ -- 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 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:
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:
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