SMFG Rumored to be Exploring Acquisition of Jefferies Amid Share Price Decline

Jefferies is facing takeover rumors with Japan's Sumitomo Mitsui Financial Group (SMFG) reportedly exploring a potential purchase of the investment bank. SMFG has directed a small team to ensure readiness to act if Jefferies' share price presents an opportunity. Jefferies shares have fallen 34.4% in 2026, but rallied 2% following the report. A move by SMFG would face regulatory barriers, and there are existing links between the two companies, including a strategic alliance and increased equity stake in Jefferies.