• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Jefferies’ profit more than triples on investment banking windfall

by January 8, 2025
written by January 8, 2025

(Reuters) – Jefferies Financial reported an over three-fold rise in fourth-quarter profit on Wednesday as the investment bank earned higher fees from deal advisory and underwriting activity remained strong.

An ebullient market, falling interest rates and hopes for an easier regulatory environment under the incoming Trump administration have boosted corporate sentiment toward mergers and acquisitions.

Initial public offerings and debt offerings also saw a significant improvement in the second half of 2024.

Global investment banking revenue surged 26% to $86.8 billion in 2024, led by North America, which recorded a 33% increase, according to data from Dealogic. Jefferies earned the seventh highest fees across banks over the same period.

In the fourth quarter, the company’s investment banking revenue soared nearly 73% to $986.8 million, while capital markets revenue rose 34% to $651.7 million.

“Jefferies begins 2025 in the best position ever in our firm’s sixty-two-year history,” the bank said in a letter to shareholders.

Bankers expect global deal volumes to surpass $4 trillion in 2025, the highest in four years, buoyed by U.S. President-elect Donald Trump’s pledge of less regulation, lower corporate taxes and a broadly pro-business stance.

Last month, Goldman Sachs CEO David Solomon said at a Reuters industry conference that dealmaking in equities and M&A could exceed 10-year averages in 2025.

Total (EPA:TTEF) revenue at Jefferies came in at $1.96 billion, up from $1.2 billion in the year-ago period.

The New York-based bank’s net profit attributable to common shareholders was $205.7 million, or 91 cents per share, for the three months ended Nov. 30. That compares with $65.6 million, or 29 cents per share, a year earlier.

Jefferies’ shares gained 94% in 2024, outperforming larger rivals Goldman Sachs and Morgan Stanley (NYSE:MS) as well as broader equity markets.

Jefferies’ earnings are followed closely by analysts and investors as a precursor to big bank earnings, which kick off next week.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Capital Economics sees Nigeria interest rates drop to 23.5% by 2025 end
next post
Bond market selloff jolts global investors as ‘tantrum’ hovers

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • UK markets are in the eye of the global bond storm
    • Hyundai Motor names U.S. chief Jose Munoz as CEO in major reshuffle

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy