Earnings summaries and quarterly performance for Jefferies Financial Group.
Executive leadership at Jefferies Financial Group.
Board of directors at Jefferies Financial Group.
Research analysts covering Jefferies Financial Group.
Recent press releases and 8-K filings for JEF.
Crescent Biopharma Announces Strategic Partnership and $185 Million Private Placement
JEF
New Projects/Investments
Convertible Preferred Issuance
- Crescent Biopharma announced an exclusive partnership with Kelun-Biotech to develop and commercialize oncology therapeutics, granting Kelun-Biotech rights to CR-001 in Greater China and Crescent rights to SKB105 (CR-003) in the United States, Europe, and other markets outside Greater China.
- The company's pipeline programs, CR-001, CR-002, and CR-003 (SKB105), are on track to enter the clinic in 2026, with initial Phase 1/2 trials for CR-001 and CR-003 (SKB105) expected to begin in Q1 2026 and proof-of-concept data anticipated in Q1 2027.
- Crescent Biopharma secured a $185 million private placement, expected to close around December 8, 2025, which is projected to provide a cash runway into 2028.
20 hours ago
SEC Investigates Jefferies Over First Brands Exposure Disclosures
JEF
Legal Proceedings
- The U.S. Securities and Exchange Commission (SEC) is investigating Jefferies Financial Group regarding its disclosures to investors concerning its exposure to First Brands Group, a bankrupt auto parts supplier.
- The probe focuses on Jefferies' Point Bonita Capital fund, which held approximately $715 million in receivables tied to First Brands, and whether this exposure was adequately disclosed.
- The investigation also examines potential internal control weaknesses, conflicts of interest, and undisclosed fees Jefferies may have received through a side letter with First Brands.
- Jefferies' CEO stated the bank believes it was "defrauded" by First Brands, but emphasized that the collapse did not seriously harm Jefferies' core business.
8 days ago
Tullow Oil Faces Significant Financial Challenges and Debt Refinancing Risks
JEF
Debt Issuance
Profit Warning
Guidance Update
- Tullow Oil PLC is experiencing significant financial challenges, with its shares plunging amid concerns over debt refinancing options and operational performance.
- The company has raised its year-end net debt forecast to $1.2 billion and expects its 2025 production to be at the lower end of guidance due to declines in Ghanaian wells.
- Tullow exhibits liquidity constraints, with a current ratio of 0.55 and a quick ratio of 0.51, and a negative net margin of -15.81%.
- The company is actively engaging with bondholders and creditors to explore refinancing alternatives, as analysts note a distress-level Altman Z-Score indicating potential bankruptcy risk within two years if conditions do not improve.
Nov 21, 2025, 3:44 PM
SSE Announces £33 Billion UK Electricity Networks Investment Plan
JEF
New Projects/Investments
Equity Issuance
Dividends
- SSE has announced a comprehensive £33 billion five-year investment plan aimed at transforming the UK electricity network by 2030, with £27 billion directed toward regulated UK electricity networks and £6 billion into renewables and system flexibility.
- The investment will be funded through a combination of £21 billion from operational cash flows, £14 billion from additional net debt and hybrid capital, a £2 billion equity placing, and £2 billion from asset sales.
- This plan represents a trebling of investment compared to the previous period and aims to triple SSE's regulated asset base, growing its gross regulated asset value by approximately 25% annually.
- SSE forecasts adjusted earnings per share growth of 7–9% annually and aims to increase dividends by 5–10% per year.
Nov 12, 2025, 7:47 AM
Jefferies Financial Group Under Investigation by Shareholder Rights Law Firm
JEF
Legal Proceedings
Financial Restatement
- Bragar Eagel & Squire, P.C. is investigating Jefferies Financial Group Inc. for potential violations of federal securities laws and/or unlawful business practices.
- The investigation relates to auto supplier First Brands' bankruptcy filing, which included accounting questions and possible irregularities concerning billions of dollars in off-balance-sheet debt.
- On October 8, 2025, Jefferies disclosed its credit fund, Point Bonita, held approximately $715 million in receivables linked to First Brands through a factoring arrangement.
- Following this news, Jefferies' stock price fell $4.66, or 7.9%, to close at $54.44 per share on October 8, 2025.
Nov 5, 2025, 10:03 PM
Blackstone Credit & Insurance Appoints Laura Coady to Lead Global CLO and European Liquid Credit
JEF
Management Change
New Projects/Investments
- Blackstone Credit & Insurance (BXCI) has appointed Laura Coady as Global Head of CLO and Head of European Liquid Credit Strategies.
- Coady previously served as Head of International Securitized Markets and Global Head of CLO at Jefferies.
- In her new London-based role, Coady will oversee BXCI's global CLO business, including formation and investment, and lead the European liquid credit business.
- BXCI's Liquid Credit Strategies (LCS) division manages $120 billion across various credit assets, and Blackstone is recognized as the world's largest CLO and loan manager.
- During her tenure at Jefferies, Coady established a top-tier structured finance platform in Europe, leading the European CLO franchise to a #1 market ranking.
Nov 5, 2025, 2:45 AM
Jackson Financial Inc. Announces Strong Third Quarter 2025 Results
JEF
Earnings
Share Buyback
Dividends
- Jackson Financial Inc. reported net income attributable to common shareholders of $65 million, or $0.92 per diluted share, for the third quarter ended September 30, 2025, a significant improvement from a loss of $(480) million, or $(6.37) per diluted share, in the third quarter of 2024.
- Adjusted operating earnings increased to $433 million, or $6.16 per diluted share, in the third quarter of 2025, up from $350 million, or $4.60 per diluted share, in the third quarter of 2024.
- Retail annuity sales reached $5.4 billion in the third quarter of 2025, a 2% increase from the third quarter of 2024, driven by record registered index-linked annuity (RILA) sales of $2.1 billion, up 28%. Institutional sales also grew 34% to $1 billion.
- The company maintained a robust capital position with total adjusted capital over $5.6 billion and an estimated risk-based capital (RBC) ratio of 579% at Jackson National Life Insurance Company (JNL) as of September 30, 2025.
- Jackson returned $210 million to common shareholders in the third quarter of 2025 through $154 million of common share repurchases and $56 million in common dividends, and announced a $1 billion increase to its common share repurchase authorization in September 2025.
Nov 4, 2025, 9:15 PM
Jefferies' Former Global Head of CLOs Joins Blackstone Credit & Insurance
JEF
Management Change
Hiring
- Laura Coady, formerly Jefferies' Global Head of International Securitized Markets and CLOs, has joined Blackstone Credit & Insurance (BXCI).
- At BXCI, Coady will serve as Global Head of CLOs and European Head of Liquid Credit Strategies (LCS).
- Coady previously built a leading structured finance platform at Jefferies, including the top European CLO franchise, and took over the US CLO business in 2024.
- Her new role involves overseeing BXCI's global CLO activities and leading European liquid credit transactions.
- BXCI's LCS business manages $120 billion in credit assets, and Blackstone is noted as the world's largest manager of CLOs and loans.
Nov 4, 2025, 7:14 PM
Cybin Closes $175 Million Registered Direct Offering
JEF
New Projects/Investments
- Cybin Inc. has closed a registered direct offering, generating $175,009,911.45 in aggregate gross proceeds.
- The offering included the sale of 22,277,750 common shares and 4,605,500 pre-funded common share purchase warrants at a price of US$6.51 per common share or pre-funded warrant.
- The Company intends to use the net proceeds to repay outstanding unsecured convertible debentures held by High Trail Special Situations LLC and to progress its CYB003, CYB004, and CYB005 programs, as well as for working capital and general corporate purposes.
- The financing included participation from new and existing investors, such as Venrock Healthcare Capital Partners, OrbiMed, Point72, and Deep Track Capital.
Oct 31, 2025, 8:19 PM
Jefferies Advises on Protective Life Acquisition
JEF
M&A
New Projects/Investments
- Jefferies LLC served as the financial advisor to Portfolio Holding and Abry Partners for the acquisition of Portfolio Holding Inc. and its subsidiaries by Protective Life Corporation.
- Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, is acquiring Portfolio Holding Inc., which provides reinsurance management services and dealer participation programs.
- The transaction is expected to close by year-end, pending regulatory approvals, and marks Protective's 61st acquisition overall.
Oct 30, 2025, 10:06 PM
Quarterly earnings call transcripts for Jefferies Financial Group.
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