Jefferies Financial Group Reports Substantial Jump in Net Income in Q3 of FY2021

The investment bank and financial services firm Jefferies Financial Group has published its financial results for the third quarter of the 2021 financial year ended 31 August, in which the company has achieved significant jump in quarterly revenues and net income.

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During the quarter, the American investment bank and financial services company posted net income of $407 million. For the same quarter last year, it reported a net income of $304 million.  The diluted earnings per common share attributable to common shareholders touched $1.50, while this number was $1.07 a year ago.

For the three months, Jefferies Group LLC reported record net revenues of $1.65 billion, up 19% over the prior year third quarter's then all-time record quarterly net revenues. In terms of income, Jefferies Group LLC recorded a pre-tax income of $560 million, up 54% over the prior year comparable quarter.

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For the nine-month period that ended 31 August 2021, Jefferies Financial Group’s Net Income attributable to common shareholders touched $1.34 billion. 

“Our results this quarter demonstrate that the relentless client focus of our amazing Jefferies team is the difference maker and our market position has reached a new level, particularly in Investment Banking,”Rich Handler, the CEO of Jefferies, and Brian Friedman, the company’s President, said.