Jefferies reports record Q2 investment banking and equities revenues, $1.02 EPS, 12.8% ROAE

Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• high

  Investment banking revenues hit quarterly record $1.21B, up 57% year-over-year, driven by market share gains in advisory (record $674M, +47%) and equity underwriting ($531M, +62%) with no single outsized fee.

  Exhibit 99 verify on EDGAR →
• high

  Equities revenues reached quarterly record $601M, up 14%, driven by market share gains in cash and electronic trading globally and expansion in prime services with major hedge funds.

  Exhibit 99 verify on EDGAR →
• high

  Q2 net earnings $226M ($1.02 per share) vs. $88M ($0.40) prior year; return on adjusted tangible equity improved to 12.8% from 5.5%; total net revenues $2.21B vs. $1.63B.

  Exhibit 99 verify on EDGAR →