Jefferies Financial Group Stock Price, News & Analysis

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.

Jefferies Financial Group Inc. (NYSE: JEF) has completed the sale of OpNet S.p.A's operations to Wind Tre S.p.A., a subsidiary of CK Hutchison Group Telecom Holdings The transaction, announced in February 2024, will generate net cash proceeds of approximately $317 million for Jefferies between August 1, 2024, and the first half of 2025. This sale marks the final step in Jefferies' strategy to monetize its legacy merchant-banking assets, aligning with its goal to become a leading global Investment Banking and Capital Markets firm. The company stated that the closing of the sale will not significantly impact its operating profit.

Jefferies Financial Group (NYSE: JEF) announced its Q2 2024 financial results, revealing net earnings of $146 million, or $0.64 per diluted share. Net revenues reached $1.66 billion, with Investment Banking contributing $803 million and Capital Markets $691 million. The quarterly dividend increased by 16.7% to $0.35 per share, payable on August 30, 2024. Pre-tax income was $228 million, and the annualized return on adjusted tangible shareholders' equity was 9.2%. The company boasts a book value of $46.57 per share and an adjusted tangible book value of $31.27. Jefferies highlights strong performance in Equities and optimism for continued growth through 2024 and 2025.

Jefferies Financial Group (NYSE: JEF) announced that it will release its second quarter financial results on June 26, 2024, after market close.

Tradu has launched a new crypto exchange under Stratos Group International, , a subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), offering low fees saving up to 95% for crypto traders. The platform provides transparent costs, equal fees for maker and taker transactions, free crypto deposits, and easy withdrawals. Clients can opt for commission-free trading or raw spreads profile. Tradu aims to bring institutional-grade pricing and infrastructure to the retail crypto market, with a focus on stability, security, and cost-effectiveness. The platform also offers access to various trading products across equities, forex, and CFDs.