Jefferies Stock Falls Despite Earnings Beat and Record Banking Revenue
Dow Jones
Sep 29
Jefferies Financial Group Inc. on Monday reported quarterly earnings that topped Wall Street's expectations, delivering its best-ever quarter in investment banking and equities.
The New York firm reported per-share earnings of $1.08 on revenue of $2.2 billion for its third quarter. Wall Street was calling for earnings per share of $1.00, or 89 cents on an adjusted basis, according to FactSet.
Overall earnings of $261 million rose 16% from a year ago. Jefferies' revenue was in line with expectations.
Despite the earnings beat, shares of Jefferies fell 3.5% in after-hours trading. The stock has had a bruising year, declining 25% in 2026 while the S&P 500 Index has gained 12% over the same period.
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