Jefferies Financial Group surpassed Q2 estimates with $0.67 EPS, $1.66bn revenue, and a 59% increase in investment banking revenue.
Jefferies Financial Group beat Q2 estimates, reporting $0.67 earnings per share and $1.66bn revenue, a 59% surge in investment banking revenue. The strong performance, driven by dealmaking and M&A, suggests improving prospects for major US banks. Total revenue increased 60% to $1.66bn, with capital markets revenue jumping 24% due to strength in equities. The bank's net profit rose nearly twelve-fold to $145.7m, or 64 cents per share.
June 26, 2024
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