Jefferies FinancialNYSE: JEF

The resurgence of IB business and solid trading performance support Jefferies' (JEF) fiscal Q2 results, leading to higher net revenues. A rise in operating expenses acts as an undermining factor.

Jefferies Financial Group Inc.'s stock touched an all-time high Thursday after the investment bank boosted its dividend by nearly 17% and said it expects a strong second half.

While the top- and bottom-line numbers for Jefferies (JEF) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Jefferies (JEF) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.29 per share a year ago.

Jefferies (JEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its second quarter financial results on Wednesday, June 26, 2024 after market close. About Jefferies Jefferies (NYSE: JEF) is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, wealth, and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and.

Jefferies (JEF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Jefferies Financial Group is a bank that specializes in investment banking and capital markets, but lacks a distinct competitive edge. Its operations are impacted by market fluctuations, resulting in fluctuating financial results. Jefferies is typically valued lower than its competitors and its stock is not considered to be undervalued at the moment.

Jefferies (JEF) furthers its strategic alliance with SMBC in the Canadian market to capitalize on enhanced M&A opportunities. With this move, the company seeks to gain a competitive edge in the Canada region.