Jefferies Financial Group - JEF STOCK NEWS

Jefferies Financial Group (NYSE: JEF) reported strong Q4 2024 financial results with net revenues of $1.96 billion, up 63% year-over-year. The company achieved quarterly pre-tax earnings from continuing operations of $305 million (up 249%) and diluted EPS of $0.91 (up 214%).

Investment Banking net revenues increased 73% to $987 million, including a record quarter in Advisory services (up 91%). Capital Markets net revenues rose to $652 million, with Equities up 49% and Fixed Income up 15%. The company's full-year 2024 results showed net revenues of $7.03 billion (up 50%) and pre-tax earnings of $1.01 billion (up 184%).

The Board declared a quarterly cash dividend of $0.40 per share, representing a 14.3% increase. The company's non-compensation expense ratio improved from 39% in 2023 to 34% in 2024, demonstrating better operational efficiency as revenue growth outpaced expenses.

Jefferies Financial Group (NYSE: JEF) has announced it will release its fourth-quarter and annual 2024 financial results after market close on Wednesday, January 8, 2025.

Jefferies Financial Group Inc. (NYSE: JEF) has announced its upcoming annual Investor Day, scheduled for Monday, October 21, 2024, at 9:00 a.m. in Manhattan. The event will feature presentations from key management figures, including:

• Rich Handler, Chief Executive Officer
• Brian Friedman, President
• Leaders of major business divisions

Attendees will have the opportunity to engage with management through a Q&A session. The Investor Day will be accessible both in-person and virtually. To participate, investors must register by providing their contact information at https://www.jefferies.com/investorMeeting2024 before 5:00 p.m. EDT on Thursday, October 17, 2024. Only registered guests will be permitted to attend the event.

Jefferies Financial Group Inc. (NYSE: JEF) announced its Q3 2024 financial results, reporting net earnings of $167 million, or $0.75 per diluted common share. The company achieved net revenues of $1.68 billion, with Investment Banking net revenues of $949 million, including record quarterly advisory revenues of $592 million. Capital Markets net revenues were $671 million, while Asset Management net revenues were $75 million. The company's book value per common share was $48.89, and adjusted tangible book value per fully diluted share was $31.87. Jefferies declared a quarterly cash dividend of $0.35 per common share. Management expressed optimism about the company's performance, highlighting strong momentum in Investment Banking and solid overall market conditions.

Tradu, a multi-asset trading platform, has partnered with TradingView to enhance its clients' trading experience. This collaboration will provide Tradu users with access to TradingView's advanced charting library, enabling more effective market analysis and seamless trade execution. The integration includes:

• 110+ advanced drawing tools
• 100+ technical indicators
• 10+ chart types
• Trading from charts
• Multiple chart displays
• Custom resolutions
• Advanced price scaling

Tradu's CEO, Brendan Callan, emphasized the company's commitment to providing sophisticated tools at no additional cost. TradingView's General Manager, Pierce Crosby, highlighted Tradu's unique market position and their joint effort to bring new products to traders across multiple asset classes.

Jefferies Financial Group Inc. (NYSE: JEF) has announced the release date for its third quarter financial results. The company will disclose these results on Wednesday, September 25, 2024, after the market closes. This announcement provides investors and analysts with a specific timeline to anticipate the company's latest financial performance data.

Jefferies Financial Group (NYSE: JEF) has announced its upcoming annual Investor Meeting, scheduled for Tuesday, October 15, 2024, at 9:00 a.m. in Manhattan. This important event will feature management presentations focusing on Jefferies' major business segments, providing valuable insights into the company's operations and strategies.

Attendees will also have the opportunity to engage directly with management through a question-and-answer session, allowing for deeper understanding of the company's direction and performance. While the event has been confirmed, registration details are yet to be announced, indicating that interested parties should stay tuned for further information on how to participate in this significant financial industry gathering.

Jefferies Financial Group (NYSE: JEF) has announced its upcoming annual Investor Meeting, scheduled for Monday, October 21, 2024, at 9:00 a.m. in Manhattan. This event will feature presentations from management about Jefferies' major business segments, providing valuable insights into the company's operations and strategies.

Investors will also have the opportunity to engage directly with management through a question-and-answer session. This meeting serves as a important platform for shareholders and potential investors to gain a deeper understanding of Jefferies' performance and future outlook. The company plans to release registration details for the event at a later date.

Jefferies Financial Group (NYSE: JEF) has announced the appointment of Toru Nakashima, President and Group CEO of Sumitomo Mitsui Financial Group (NYSE: SMFG), to its Board of Directors effective August 12, 2024. This appointment strengthens the strategic alliance between Jefferies and SMBC Group, first established in 2021 and expanded in 2023 and 2024. SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as-converted and fully diluted basis, recently reaching 10.9%. Mr. Nakashima's appointment follows SMBC's right to nominate a board member upon reaching this ownership threshold. Jefferies' CEO Rich Handler and President Brian Friedman expressed enthusiasm for the expanded alliance and the value Mr. Nakashima brings to the board.