Jefferies presents record LTM investment banking net revenues of $4.7 billion
JEF•Jefferies reported record investment banking net revenues of $4.7 billion for the 12 months through Q3 2026, up from $3.6 billion in the prior-year period. Total net revenues were $8.5 billion.
1. Revenue and profitability
Jefferies reported net revenues of $8.5 billion for the 12 months through Q3 2026, up 119% since 2019. Investment banking and capital markets pretax profit reached $1.3 billion, while its profit margin rose to 16% from 11% in 2023.
2. Leverage and combination
Tangible gross leverage stood at 9.1 times, below the peer average of 16.3 times. The Japanese equities combination is scheduled to go live on January 1, 2027.
