Jefferies has unveiled strong 2024 numbers after a push to gain market share from rivals

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Jefferies’ dealmaking fees jump 52% in 2024 after investment banker hiring spree

Investment Banking Editor

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Jefferies investment banking fees jumped 52% in 2024 following a hiring spree of hundreds of dealmakers as it looks to break into the top firms in the world. 

In a sign that the two-year dealmaking slump is over, Jefferies reported revenue of $3.4bn within its investment banking unit for 2024, up by 52% on the prior year. Overall revenue of $7bn was up 49% on the previous year. 

The US bank has looked to catch larger rivals through an aggressive recruitment spree of senior bankers

Paul Clarke

Banking

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