BusinessJefferies Q3 Profit Rises on Deal Surge and Strong Equities Trading
Jefferies Financial reported a rise in third-quarter profit driven by higher fees from deal advisory and stock underwriting, alongside a record performance in equities trading. Investment banking revenue increased 17% to $1.33 billion, with equity underwriting revenue up 69%. CEO Richard Handler expressed optimism for 2026 and 2027, citing strong backlog and new business. Profit attributable to shareholders was $260.6 million.
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