US Stock Market | Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, M
Jefferies Financial reported a 22% profit increase, driven by investment banking, but missed analyst estimates due to loan losses from collapsed companies. Despite geopolitical disruptions, the firm anticipates a strong 2026 for mergers and acquisitions, fueled by AI investments and a favorable regulatory climate.
Jefferies Financial reported a 22% profit increase, driven by investment banking, but missed analyst estimates due to loan losses from collapsed companies. Despite geopolitical disruptions, the firm anticipates a strong 2026 for mergers and acquisitions, fueled by AI investments and a favorable regulatory climate.
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