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Jefferies Posts Record Revenue With Dealmaking Staging Comeback

Jefferies Posts Record Revenue With Dealmaking Staging Comeback

Jefferies Financial Group Inc. posted its best fiscal third-quarter revenue ever, buoyed by what the firm said is a strengthening environment for dealmaking and trading activity across the globe.
Total revenue for the three months through August jumped almost 22% to $2.05 billion, the New York-based firm said in a statement Monday. That’s the highest third quarter in the investment bank’s history, and most revenue for any quarter since the first three months of 2021, when dealmaking surged coming out of the pandemic.