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Jefferies Financial Group Inc. - JEF STOCK NEWS

Welcome to our dedicated page for Jefferies Financial Group news (Ticker: JEF), a resource for investors and traders seeking the latest updates and insights on Jefferies Financial Group stock.

Jefferies Financial Group Inc. (NYSE: JEF) is a diversified financial services company with a global presence. Headquartered in New York City, Jefferies has been serving companies and investors for over 50 years, providing a broad array of financial services. With offices in over 30 cities worldwide, Jefferies offers clients capital markets and financial advisory services, institutional brokerage, securities research, and wealth management.

Jefferies operates through two primary segments: Investment Banking and Capital Markets and Asset Management. The Investment Banking and Capital Markets segment is the major revenue driver, encompassing securities, commodities, corporate lending, futures, and foreign exchange capital markets activities. This segment also provides underwriting, mergers and acquisitions, restructuring, recapitalization, and other advisory services to clients across various sectors.

The Asset Management segment offers alternative investment management services to investors both domestically and internationally. This segment generates investment income from capital managed by Jefferies or its affiliates.

Jefferies Group LLC, a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK), operates through its principal subsidiaries: Jefferies LLC in the U.S., Jefferies International Limited in Europe, and Jefferies Hong Kong Limited in Asia.

Recently, Jefferies has been involved in managing the sale of 377 real estate assets in collaboration with Hilco Real Estate, LLC, as part of the bankruptcy Chapter 11 filing of 99 Cents Only Stores LLC. This initiative highlights Jefferies' capability and expertise in handling complex financial transactions and strategic real estate dispositions.

With a robust presence in the Americas, Europe, and Asia, Jefferies continues to leverage its extensive market knowledge, strategic insights, and strong client relationships to deliver exceptional value to its clientele. For more detailed and up-to-date information, visit the official Jefferies website or check the latest news updates.

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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.

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Jefferies Financial Group Inc. CEO, Rich Handler, sells 1.5 million shares of JEF stock at $43.50 to buy a personal boat and pay taxes. He retains 19.25 million shares, showing confidence in the company. Handler emphasizes commitment to Jefferies' growth and remains optimistic about its future.
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99 Cents Only Stores announces bankruptcy sale of 377 property portfolio through Hilco Real Estate and Jefferies, including prime retail spaces in major cities like Houston, Las Vegas, and Los Angeles.
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Jefferies Financial Group Inc. announces the pricing of $1.5 billion aggregate principal amount of 6.200% Senior Notes due 2034, with an effective yield of 6.222%. The offering is expected to settle on April 16, 2024, with the net proceeds intended for general corporate purposes.
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Jefferies Financial Group Inc. (JEF) priced €750,000,000 of 3.875% Fixed Rate Senior Unsecured Notes Due 2026 and €500,000,000 of 4.000% Fixed Rate Senior Unsecured Notes Due 2029 under its Euro Medium Term Note Program. The offering is expected to settle on April 16, 2024, for general corporate purposes.
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Jefferies Financial Group Inc. (JEF) and SMBC Group expand their global strategic alliance to enhance collaboration in the Canadian market. Jefferies establishes full-service investment banking capabilities in Canada, aligning with SMBC Group's expertise. The alliance, initiated in 2021, has seen significant expansions in the U.S. and Europe, the Middle East, and Africa (EMEA). SMBC plans to increase its economic ownership in Jefferies to up to 15%, becoming the largest shareholder.
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Jefferies Financial Group Inc. (JEF) reported Q1 financial highlights with net earnings of $150 million, or $0.66 per diluted common share. Adjusted for a pre-tax loss of $55 million, net earnings from continuing operations were $196 million. Investment Banking net revenues were $740 million, Capital Markets net revenues were $712 million, and Asset Management net revenues were $288 million. The company declared a quarterly cash dividend of $0.30 per share.
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Jefferies Financial Group Inc. (JEF) will release its first-quarter financial results on March 27, 2024, after the market closes.
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Jefferies Financial Group, Inc. (JEF) released its 2024 Sustainability Report showcasing $22 million in charitable contributions and expanded emission offsets. CEO Rich Handler and President Brian Friedman emphasized the company's dedication to sustainability and diversity initiatives.
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Jefferies Financial Group Inc. (JEF) announced the sale of OpNet S.p.A's operations to Wind Tre S.p.A., a subsidiary of CK Hutchison Group Telecom Holdings Ltd., for €485 million. The consideration will be in cash and CKHGT notes, with OpNet retaining majority ownership in other telecom companies, resulting in approximately €320 million in final value to Jefferies. Jefferies will reclassify remaining legacy investments as 'Other investments' in its Asset Management reportable segment in fiscal 2024. The company expects to operate the core business of HomeFed, a real estate development company, and liquidate certain peripheral assets. The sale is subject to regulatory approvals and is anticipated to close in the second or third quarter of 2024.
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FAQ

What is the current stock price of Jefferies Financial Group (JEF)?

The current stock price of Jefferies Financial Group (JEF) is $74.91 as of November 20, 2024.

What is the market cap of Jefferies Financial Group (JEF)?

The market cap of Jefferies Financial Group (JEF) is approximately 15.3B.

What services does Jefferies Financial Group Inc. offer?

Jefferies offers capital markets and financial advisory services, institutional brokerage, securities research, and wealth management.

What are the primary business segments of Jefferies?

Jefferies operates through two segments: Investment Banking and Capital Markets, and Asset Management.

Where is Jefferies Financial Group Inc. headquartered?

Jefferies is headquartered in New York City.

Who owns Jefferies Group LLC?

Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK).

What recent projects has Jefferies been involved in?

Jefferies recently managed the sale of 377 real estate assets in collaboration with Hilco Real Estate, LLC, related to the bankruptcy Chapter 11 filing of 99 Cents Only Stores LLC.

How long has Jefferies been in business?

Jefferies has been serving companies and investors for over 50 years.

Does Jefferies operate internationally?

Yes, Jefferies has offices in over 30 cities worldwide, including major markets in the Americas, Europe, and Asia.

What kind of clients does Jefferies serve?

Jefferies serves a diverse range of clients including corporations, governments, and institutional investors.

How can I get the latest updates on Jefferies Financial Group Inc.?

For the latest updates, visit the official Jefferies website or follow their news releases.

What is the primary revenue-generating segment for Jefferies?

The Investment Banking and Capital Markets segment is the primary revenue generator for Jefferies.

Jefferies Financial Group Inc.

NYSE:JEF

JEF Rankings

JEF Stock Data

15.33B
161.19M
21.56%
69.07%
5.07%
Capital Markets
Security Brokers, Dealers & Flotation Companies
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United States of America
NEW YORK