Earnings PerformanceJEF reported 1Q25 EPS of 57¢, which was below consensus estimates due to 15% lower revenue and a 7.1 percentage point lower pre-tax margin.
Investment Banking ActivityThe company's results show that macro, geopolitical, and policy uncertainty have hindered any significant growth in investment banking activities.
Revenue MissJEF missed revenues across the board, with significant declines in IB, Trading, and Asset Management compared to consensus.