Jefferies Monetary Group posts sturdy This autumn outcomes, shares flat


NEW YORK – Jefferies Monetary Group Inc. (NYSE:JEF) reported better-than-expected fourth quarter outcomes on Wednesday, with earnings and income surpassing analyst estimates amid sturdy efficiency throughout its enterprise segments. Shares have been buying and selling flat following the report.

The funding financial institution and monetary companies firm posted adjusted earnings per share of $0.91 for the quarter ended November 30, beating the consensus forecast of $0.87. Income got here in at $1.96 billion, topping expectations of $1.74 billion.

Jefferies noticed strong progress throughout its key enterprise traces in This autumn. Funding banking internet revenues surged 73% year-over-year to $987 million, pushed by report advisory revenues of $597 million. Capital markets internet revenues elevated to $652 million, up from $486 million within the prior 12 months quarter.

“Our fourth quarter internet revenues of $1.96 billion, pre-tax earnings from persevering with operations of $305 million and diluted earnings per share from persevering with operations of $0.91 are 63%, 249% and 214%, larger than the prior 12 months quarter, respectively,” mentioned CEO Richard Handler and President Brian Friedman in a press release.

For the total fiscal 12 months 2024, Jefferies reported internet revenues of $7.03 billion, up 50% from 2023. Internet earnings attributable to frequent shareholders rose to $669 million, or $2.96 per diluted share, in comparison with $263 million, or $1.10 per share, within the earlier 12 months.

The corporate additionally introduced a 14.3% improve in its quarterly dividend to $0.40 per share.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

admin

Share
Published by
admin

Recent Posts

These Chip Shares May Outperform Others in an Financial Downturn, Citi Says

N. Johnson / Bloomberg / Contributor / Getty Photographs Analog Gadgets and Texas Devices are…

10 minutes ago

World Financial Discussion board founder Klaus Schwab to step down as chair of trustees, FT stories

(Reuters) - The founding father of the World Financial Discussion board, Klaus Schwab, will "begin…

1 hour ago

Oil tanks 6% amid ‘panic promoting’ as Trump tariffs, OPEC+ provide will increase ship costs reeling

Oil futures tanked greater than 6.5% on Thursday as Trump's tariffs despatched monetary markets reeling…

2 hours ago

U.S. vitality division invitations AI information heart improvement at Los Alamos and different federal lands

The U.S. Division of Vitality mentioned it has recognized 16 federal websites, together with storied…

2 hours ago

The best way to shield your cash throughout financial turmoil, inventory market volatility

After years of swelling market positive aspects, it’s staggeringly clear: Markets can and do go…

3 hours ago

Trump Tariffs Increase Inflation and Recession Dangers

Jim Lo Scalzo / EPA / Bloomberg by way of Getty Photos Forecasters had been…

3 hours ago