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Jefferies Earnings Drop 7.2% Amid First Brands Bankruptcy

1/8/2026

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Summary

Story summary

Jefferies Financial Group reported a 7.2% decline in fourth-quarter net earnings to $191 million from a $30 million loss tied to First Brands Group's bankruptcy.
The firm holds a 6% stake in the Point Bonita fund, which holds over $700 million in First Brands receivables.
Jefferies posted revenues of $2.07 billion, up 5.7% year over year.
Investment banking revenue rose 20% to $1.19 billion, signaling momentum for 2026.

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Story summary

Jefferies Financial Group reported a 7.2% decline in fourth-quarter net earnings to $191 million from a $30 million loss tied to First Brands Group's bankruptcy.
The firm holds a 6% stake in the Point Bonita fund, which holds over $700 million in First Brands receivables.
Jefferies posted revenues of $2.07 billion, up 5.7% year over year.
Investment banking revenue rose 20% to $1.19 billion, signaling momentum for 2026.