$JEF

Jefferies Financial Group (JEF) stock fell 2.9% in after-hours trading to $45.75 after reporting Q3 2026 earnings. Adjusted EPS of $1.08 and net revenues of $2.22B beat estimates, but underperformance in Fixed Income and Asset Management segments drove the decline. Investment Banking and Equities saw record revenues. The board declared a $0.40 dividend and authorized a $250M share buyback. Analysts had recently lowered price targets.

Jefferies Financial Group Inc. (JEF) filed an SEC Form 8-K — Results of Operations and Financial Condition. FOR MORE INFORMATION Jonathan Freedman 212.778.8913 For Immediate Release NEW YORK — Jefferies Financial Group Inc. (NYSE: JEF) September 28, 2026 Jefferies Announces Third Quarter 2026 Financial Results Quarterly Record Investment Banking and Equities Net Revenues Q3 Financial H

Jefferies Financial reported a 3Q profit increase, with investment banking revenue up 17% to $1.33B and equity underwriting revenue up 69%. Profit rose to $260.6M, or $1.08 per share. The company cited strong dealmaking activity and optimism for the remainder of 2026 and 2027. Capital markets revenue increased 11% to $802M, while asset management fees fell to $34M.

Jefferies Financial Group Inc. is in dispute with Glencore Plc over $526.4 million in overdue payments linked to Radiant World, an iron ore trader. Jefferies claims Glencore owes the amount, while Glencore denies any obligation. Emails show escalating tensions as Jefferies seeks information on invoices, with Glencore alleging Radiant World was involved in fraud. Radiant World and Sapphire Minmetals have filed a $2 billion lawsuit against Glencore, which denies the claims.

Investors suing Jefferies fund LAM over First Brands financing seek details on its relationship with Radiant World, including fraud controls and exposure. Eugenia, which invested $25mn, alleges misrepresentation and seeks $18.5mn in damages. Jefferies denies claims, citing clear disclosures. Radiant World faces separate fraud allegations and denies claims.

Several sectors, including asset managers, semiconductor stocks, and silver miners, experienced significant declines following Fed Chair Kevin Warsh's press conference. ON Semiconductor (NASDAQ:ON) led the drop, falling 6%, while Boeing (NYSE:BA) weighed on the Dow. Economists are divided on future rate hikes, with some expecting more hikes and others predicting easing next year.

Jefferies Financial Group (JEF) will release Q3FY26 results on September 28, 2026, after market close. The firm will report revenue, net interest income, and profitability metrics for the period ending June 30, 2026. An investor meeting is scheduled for October 19, 2026, in Manhattan.

UBS maintained a Neutral rating for Jefferies Financial Group Inc (JEF) but lowered its price target from $65.00 to $61.00. The stock is considered 8.4% undervalued with a GF Value™ of $58.47. Insider activity shows $318.7 million in buys over the last three months. JEF has a GF Score™ of 91/100, indicating strong performance in profitability and growth.

Jefferies Financial Group (JEF) faces scrutiny over a $500M exposure in LAM Trade Finance Group II to Radiant World. The fund, in which JEF holds a minority stake, applied for a freezing injunction. The extent of JEF's potential loss is unclear, with factors like fund capital, contractual obligations, and recovery efforts playing a role. Hedge fund holdings of JEF decreased in 2Q2026.

Jefferies Financial Group (JEF) is closing its outsourced fixed-income trading unit, a reversal from its expansion plans last year. Joram Siegel, the unit's head, is leaving. The desk provided trading services to asset managers lacking internal resources. The firm has not commented on the closure.