Earnings summaries and quarterly performance for Jefferies Financial Group.
Executive leadership at Jefferies Financial Group.
Board of directors at Jefferies Financial Group.
JK
Jacob Katz
Detailed
Director
LA
Linda Adamany
Detailed
Lead Independent Director
MG
MaryAnne Gilmartin
Detailed
Director
ME
Matrice Ellis Kirk
Detailed
Director
MW
Melissa Weiler
Detailed
Director
MO
Michael O'Kane
Detailed
Director
RB
Robert Beyer
Detailed
Director
TJ
Thomas Jones
Detailed
Director
TN
Toru Nakashima
Detailed
Director
Research analysts covering Jefferies Financial Group.
Recent press releases and 8-K filings for JEF.
FactSet Reports First Quarter Fiscal 2026 Results
JEF
Earnings
Share Buyback
Guidance Update
- FactSet reported Q1 fiscal 2026 GAAP revenues of $607.6 million, an increase of 6.9% from the prior year, with organic revenues growing 6.0% to $600.0 million.
- GAAP diluted EPS for Q1 fiscal 2026 was $4.06, up 4.4%, and adjusted diluted EPS was $4.51, up 3.2% year over year.
- Organic Annual Subscription Value (ASV) reached $2,389.6 million as of November 30, 2025, marking a 5.9% year-over-year increase.
- FactSet's Board of Directors approved an increase to the existing share repurchase authorization from $400 million to $1 billion, with an additional $600 million in authority approved on December 16, 2025.
- The company reaffirmed its fiscal 2026 outlook, projecting GAAP revenues between $2,423 million and $2,448 million and adjusted diluted EPS in the range of $16.90 to $17.60.
6 days ago
Howard Hughes Holdings to Acquire Vantage Group Holdings for $2.1 Billion
JEF
M&A
New Projects/Investments
Convertible Preferred Issuance
- Howard Hughes Holdings Inc. (HHH) has entered into a definitive agreement to acquire Vantage Group Holdings Ltd., a privately held specialty insurance and reinsurance company, for approximately $2.1 billion.
- The transaction is expected to close in the second quarter of 2026, subject to customary regulatory approvals, and will anchor HHH's transformation into a diversified holding company.
- The acquisition will be financed through HHH’s cash on hand and up to $1 billion of non-interest-bearing, non-voting preferred stock issued by HHH to Pershing Square Holdings, Ltd..
- Pershing Square will manage Vantage’s investment portfolio on a fee-free basis, aiming to enhance investment returns and align with policyholders and shareholders.
6 days ago
Jefferies to Acquire 50% Stake in Hildene Holding
JEF
M&A
New Projects/Investments
Guidance Update
- Jefferies Financial Group is acquiring a 50% interest in Hildene Holding Company, the parent of credit-focused asset manager Hildene Capital Management, for $340 million in cash.
- The acquisition, expected to close in Q3 2026, is anticipated to be immediately accretive and a consistent contributor to Jefferies' net earnings, with a projected $75 million pretax gain after closing.
- The $340 million cash investment will be offset by an anticipated over $500 million reduction in Jefferies’ investments in its Leucadia Asset Management division during 2026.
- This strategic move aligns with Jefferies' goal to expand credit origination and asset management, and coincides with Hildene's agreement to acquire SILAC, a fixed-indexed annuity provider.
Dec 8, 2025, 11:53 AM
Jefferies to Acquire 50% Interest in Hildene Holding Company
JEF
M&A
New Projects/Investments
- Jefferies Financial Group Inc. is acquiring a 50% interest in Hildene Holding Company, a credit-focused asset manager with over $18 billion of assets under management.
- The acquisition involves $340 million in cash from Jefferies, an exchange of its existing revenue share in Hildene, and a portion of its interest in a Hildene-managed private fund.
- This $340 million cash investment will be effectively funded by an anticipated over $500 million reduction in Jefferies' Leucadia Asset Management division's investments during 2026.
- The transaction is expected to close in the third quarter of 2026 and is anticipated to be immediately accretive to Jefferies' net earnings, with an expected $75 million pretax gain from the fair market value markup of its pre-transaction interest.
- Concurrently, Hildene will acquire SILAC, Inc., an annuity provider with approximately $10 billion of total admitted assets as of September 30, 2025, for $550 million in cash upon regulatory approval.
Dec 8, 2025, 11:52 AM
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.
Dec 4, 2025, 11:35 AM
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.
Nov 27, 2025, 3:10 PM
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
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