Jefferies Financial Group Inc. achieved his best tax income from the third quarter ever, stimulated by what the company said is a reinforcement environment for deal and trading activities around the world.
The total turnover for the three months to August increased almost 22 percent to $ 2.05 billion, said the company based in New York in a statement on Monday. That is the highest third quarter in the history of the investment bank, and most sales for each quarter since the first three months of 2021, when dealing rose from the pandemic.
Jefferies said that the last quarter was the best period ever for advisory revenues, as dealer activity was picked up and the market conditions improved. Trading activity also came higher than a year ago, because the volatility in the stock market continued to push the results higher.
“We have experienced a reinforcement of company mergers and acquisitions,” said Jefferies President Brian Friedman in an interview. “We don’t think this is a one -off, we think this is a trend” that “continues in the next quarter and in the near future.”
The results offer an early view of how Wall Street has navigated the period in the midst of the trade war of President Donald Trump and constant geopolitical tensions. The figures from Jefferies indicate that the largest banks of the country, planned to report their results from the third quarter next month, can also report improvements in their income from investment banks.
“There was a delay in Momentum, and since May and June that momentum has been in force again,” said Friedman.
The largest American banks have benefited from volatile markets, fed by changing policy under the Trump administration, which greeted the market for most of the year. That has been good news for trade agencies that have seen their income rise to records, while Dealmaking has also started making a comeback.
Jefferies Capital-Marks Unit generated $ 723 million in income, an increase of 6.9 percent compared to a year earlier. The bank praised the strength in shares, because higher volumes yielded “stronger results”, in particular in the American and European Equity -Contant activities. Equity options, business derivatives and electronic trade also yielded strong results, said Jefferies.
The bank hit an exuberant tone around the remaining half of the year, referring to a rebound in market sentiment around the world.
“Although the world will remain volatile and full of challenges, we are increasingly optimistic about the prospects for the almost and long term for Jefferies,” said Chief Executive Officer Rich Handler and Friedman in the statement.
In general, the turnover of investment banking grew by 17 percent to $ 1.09 billion, said Jefferies, and called strength in advisory income that climbed to nearly $ 656 million, the best quarter of the company ever, fed by increased deal values ​​in mergers and acquisitions in different sectors. The turnover of debts and shares also increased to nearly $ 431 million, because of the improvement of market conditions, Jefferies said.
“Despite the uncertainties and worries, companies, companies and sponsors, are also being honored,” Friedman said, adding that dialogue around the first public offers and mergers and acquisitions is increasing. “Everything we see would earn larger activities in the future.”
Net sales of asset management has almost tripled to almost $ 177 million from $ 59 million a year earlier, driven by improved performance in fund strategies, the company said.
The bank’s shares climbed 0.4 percent at 16.17 hours on the market in New York. They had fallen 15 percent this year until the end of Monday.
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Published on September 30, 2025
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