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.
Fixed Income PerformanceWeak Fixed Income, Currencies, and Commodities trading decreased by 37% year-over-year and Equity Capital Markets fell by 51% year-over-year.
Macroeconomic And Geopolitical UncertaintyThe capital markets have become increasingly more challenging due to the uncertainties that have arisen around U.S. policy and geopolitical events.