News Buzz: Jefferies Financial Group Inc. (NYSE: JEF)

On Friday, Shares of Jefferies Financial Group Inc. (NYSE: JEF) showed the bullish trend with a higher momentum of 4.67% to $18.17. The company traded total volume of 1,509,867 shares as contrast to its average volume of 2.65M shares. The company has a market value of $5.72B and about 314.72M shares outstanding.

Jefferies Group LLC, a wholly-owned partner of Jefferies Financial Group Inc. (JEF), recently declared financial results for its fiscal third quarter 2018.

Highlights for the three months ended August 31, 2018:

  • Total Net Revenues of $778.0M
  • Investment Banking Net Revenues of $452.0M
  • Total Equities and Fixed Income Net Revenues of $310.0M
  • Earnings Before Income Taxes of $87.0M
  • Net Earnings of $60.0M (reflects a 31% tax rate, which includes the impact of certain unusual discrete items related to our non-U.S. auxiliaries planning in respect of the Tax Cuts and Jobs Act (the “Tax Act”))

Highlights for the nine months ended August 31, 2018:

  • Total Net Revenues of $2,421.0M, up 6% as compared to the first nine months of last year, excluding last year’s $93.0M gain on the sale of KCG¹
  • Investment Banking Net Revenues of $1,392.0M, up 12% contrast to the same period last year
  • Total Equities and Fixed Income Net Revenues of $974.0M
  • Earnings Before Income Taxes of $332.0M
  • Net Earnings of $97.0M after Provisional Tax Act-related charge of $160.0M, $108.0M of which is non-cash; without this charge, we would have stated Adjusted Net Earnings of $258.0M

The Company offered net profit margin of 16.50% while its gross profit margin was 54.30%. ROE was recorded as 11.20% while beta factor was 1.21. The stock, as of recent close, has shown the weekly upbeat performance of 4.25% which was maintained at 4.67% in this year.

Grover Beam

Grover Beam has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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