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Aug 31, 2022
Jefferies Q3 2022 Earnings Report
Jefferies announced third quarter 2022 financial results, demonstrating resilience in Investment Banking and Equities despite market challenges.
Key Takeaways
Jefferies Financial Group reported a net income attributable to common shareholders of $195 million, or $0.78 per diluted share, for the third quarter of 2022. The firm's adjusted net income attributable to common shareholders was $275 million, or $1.10 per diluted share, after removing $80 million of expense related to a regulatory settlement. Total Investment Banking and Capital Markets and Asset Management net revenues reached $1.12 billion.
Net income attributable to common shareholders was $195 million, or $0.78 per diluted share.
Adjusted net income attributable to common shareholders was $275 million, or $1.10 per diluted share, after removing $80 million of expense related to a regulatory settlement.
Investment Banking and Capital Markets and Asset Management net revenues totaled $1.12 billion.
The Board of Directors increased the share buyback authorization back to a total of $250 million.
Revenue by Segment
Forward Guidance
Jefferies is working closely with clients to support them when economic and market conditions improve, and new issue activity opens up. The backlog is consistent with last quarter's levels, but realization remains dependent on market conditions. The company continues to invest toward further growth, guard its balance sheet and capital against the risk of the increased volatility, and prioritize its clients and Jefferies' team.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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