Jefferies Financial Group Reports Better-Than-Expected Q4 Results: EPS Beat, Net Revenues Up 73% Year-Over-Year

Jefferies Financial Group Inc. -1.06%

Jefferies Financial Group Inc.

JEF

61.34

-1.06%

Jefferies Financial Group Inc. (NYSE:JEF) reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the key figures from the quarter.

The Details: Jefferies Financial Group reported quarterly earnings of 93 cents per share, which beat the analyst consensus estimate of 91 cents. Quarterly revenue came in at $1.95 billion, which beat the analyst consensus estimate of $1.77 billion and is an increase over revenue of $1.19 billion from the same period last year.

Read Next: Wildfire Rips Through LA’s Pacific Palisades Neighborhood Destroying Homes: 3,000 Acres Burned As 30,000 Residents Evacuate 

“Our quarterly results reflect strong performance in Investment Banking (up 73%), including a record quarter in Advisory (up 91%), as well as another robust quarter for Equities (up 49%) and solid performance in Fixed income (up 15%). Asset Management fee and investment return net revenues of $116 million were substantially higher than the prior-year quarter, reflecting fee growth and strong overall performance from a number of strategies,” said CEO Richard Handler and President Brian Friedman in the management commentary.

JEF Price Action: According to data from Benzinga Pro, Jefferies Financial shares are down 1.22% after hours at $79.15 Wednesday. 

Read Next:

  • US Records First Human Bird Flu Death, High Levels Of Respiratory Illnesses: Vaccine Stocks Rally 

Image: Courtesy of Jefferies Financial Group, Inc.

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via