Jefferies Financial Group (JEF) reported earnings on Wed 12 Jan 21 (b/o)

 

Jefferies beats by $0.02, misses on revs

• Reports Q4 (Nov) earnings of $1.36 per share, $0.02 better than the S&P Capital IQ Consensus of $1.34; revenues fell 2.8% year/year to $1.81 bln vs the $1.9 bln S&P Capital IQ Consensus.
  • Annualized return on adjusted tangible equity of 16.5%; adjusted annualized return on adjusted tangible equity of 18.7%
• Co's Board of Directors has increased share buyback authorization by $88 million back to a total of $250 million.
• Co's quarterly dividend increased 20% to $0.30 per share

Earnings this week : Jan 10 - 14, 2022 (wk 2)

Monday (Jan 10)

• Morning:  AZZ CMC TLRY
• Afternoon: ACCD

Tuesday (Jan 11)

• Morning: ACI SNX

Wednesday (Jan 12)

• Morning:  JEF SJR
• Afternoon:  KBH

Thursday (Jan 13)

• Morning: DAL TSM
• Afternoon:  WAFD

Friday (Jan 14)  

• Morning:  BLK C FRC JPM WFC

Leucadia National (LUK) renamed as Jefferies Financial Group (JEF)

  

Leucadia National Corporation has been renamed as Jefferies Financial Group Inc. (JEF) effective immediately, after receiving a green signal from its shareholders. Following the name change,Jefferies Financial Group will use the ticker “JEF” for trading purposes on the New York Stock Exchange.

Notably, Leucadia renamed itself as part of its transformation from a holding company with disparate assets to a financial services company. The company also declared a cash dividend of 10 cents per share, payable on Jun 29, 2018, to its shareholders as of record Jun 18, 2018.

Jefferies (JEF) earnings

  

Jefferies Group Inc.'s JEF fiscal second-quarter profit fell 21% as the bank recorded lower revenue, particularly in its investment banking division.

Shares edged up 2.6% to $13.44 in premarket trading as the revenue drop wasn't as steep as feared. The stock is down 4.7% year-to-date.

Jefferies, the first U.S. investment bank to report second-quarter results, is often viewed as a barometer for upcoming results from larger rivals Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) though its fiscal period ends a month earlier than the two.