Oppenheimer cuts Jefferies price target to $83

0 min read | Published on 25 Jun 2026, 10:56 PM |Updated on 25 Jun 2026, 10:56 PM

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Radhika SScanX News Team

Key Highlights

Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Jefferies Financial Group but lowers the price target to $83 from $87, adjusting the valuation outlook.

*this image is generated using AI for illustrative purposes only.

Oppenheimer analyst Chris Kotowski has maintained an Outperform rating for Jefferies Financial Group while reducing the price target to $83 from the previous $87. The adjustment reflects a revised valuation outlook for the financial services firm.

Rating and Target Details

The research note affirms the positive stance on the company's stock despite the lower price objective. The new target of $83 represents a decrease from the prior level of $87.

Metric	Value
Rating	Outperform
Previous Price Target	$87
New Price Target	$83

The firm continues to trade on the NYSE under the ticker symbol JEF.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors drove the revised valuation outlook for Jefferies Financial Group?

How might the current economic environment impact Jefferies' performance in the coming quarters?

Could this price target reduction signal a broader trend in the financial services sector?

Jefferies Q2 revenue rises 35% to $2.21 billion

1 min read | Published on 23 Jun 2026, 09:37 PM |Updated on 25 Jun 2026, 02:38 AM

Reviewed by

Radhika SScanX News Team

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Key Highlights

Jefferies Financial Group Inc. reported second-quarter net revenues of $2.21 billion, a 35% increase from the prior year. Net earnings attributable to common shareholders were $226 million, or $1.02 per diluted share, while adjusted EPS was $1.03, missing estimates. The Board declared a $0.40 per share dividend and increased share buyback authorization to $250 million.

*this image is generated using AI for illustrative purposes only.

Jefferies Financial Group Inc. reported second-quarter net revenues of $2.21 billion, a 35% increase from $1.63 billion in the same period last year. The company recorded adjusted earnings per share of $1.03, missing the analyst consensus estimate of $1.16 by 11.21%. Net earnings attributable to common shareholders were $226 million, or $1.02 per diluted share, compared to $88 million, or $0.40 per share, in the prior year quarter. The company achieved a return on adjusted tangible shareholders' equity of 12.8% for the quarter.

The company's Board of Directors declared a quarterly cash dividend of $0.40 per share, payable on August 28, 2026, to record holders on August 18, 2026. During the quarter, Jefferies repurchased 4.0 million shares of common stock for $197 million, at an average price of $49.83 per share. The Board increased the share buyback authorization to a total of $250 million.

Segment Performance

Investment Banking net revenues increased 57% to $1.21 billion, driven by market share gains and a growing addressable market in Advisory and Equity Underwriting. Capital Markets net revenues rose 14% to $799 million, with Equities delivering record net revenues of $601 million, up 14% year-over-year. Asset Management net revenues were $188 million, down 35% compared to the prior year quarter.

Financial Metrics

Metric	Q2 2026	Q2 2025
Net revenues	$2,206,451	$1,634,447
Net earnings attributable to common shareholders	$226,234	$88,017
Diluted earnings per share	$1.02	$0.40
Return on adjusted tangible shareholders' equity	12.8%	5.5%
Book value per common share	$51.95	$49.96

Management attributed the strong performance to momentum in core businesses and record first-half net revenues in several segments. The company expects to build on this momentum in the second half of 2026, supported by a strong backlog and new business bookings.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

Can the 57% surge in Investment Banking revenues be sustained given the cyclical nature of advisory and underwriting markets?

What specific strategies are being employed to reverse the 35% decline in Asset Management net revenues?

With the increased buyback authorization, will capital allocation prioritize share repurchases over potential M&A opportunities?