Jefferies Q3 2025: Record Advisory Fees & Investment Banking Surge Amid Fixed Income Volatility
Executive Summary Jefferies delivered a strong Q3 2025 with net revenues of $2.05 billion, up 22% year-over-year, underpinned by a record advisory performance and gains in debt underwriting, though fixed income and equity underwriting showed mixed results. In comparison with peers like Goldman Sachs, Morgan Stanley, and Citigroup, Jefferies’ investment banking growth is competitive on …