Jefferies Financial Group Inc. - JEF STOCK NEWS

Jefferies Financial Group Inc. (NYSE: JEF) is set to release its third quarter financial results on September 28, 2022, after market close. Established as a leader in investment banking and capital markets, Jefferies has been serving clients for over 60 years, offering a comprehensive range of services in investment banking, advisory, sales and trading, research, and wealth management across the Americas, Europe, and Asia. The firm operates through its wholly owned subsidiary, Jefferies Group LLC, the largest independent global full-service investment banking firm based in the U.S.

The Jefferies Asia Forum will be held virtually from September 7-9, 2022. This event gathers institutional investors, public and private companies, and industry experts, offering valuable investment insights and access to corporate leaders. Last year's forum attracted over 1,500 delegates and scheduled more than 3,300 meetings with around 220 corporate management teams. To participate, attendees must register in advance. For additional details, contact Jefferies representatives or visit their email at JefferiesHK@edelman.com.

Jefferies Financial Group Inc. (NYSE: JEF) will host its annual Investor Day on Wednesday, October 12, 2022, at 9:00 a.m. in Manhattan. The event will feature management presentations on Jefferies' key business operations and provide an opportunity for attendees to ask questions. Details regarding registration will be announced soon. With nearly 60 years in service, Jefferies is the largest independent full-service investment banking firm in the U.S., offering a comprehensive range of investment banking, advisory, and wealth management services across the Americas, Europe, and Asia.

Jefferies Financial Group (NYSE: JEF) announced plans for a tax-free spin-off of its holdings in Vitesse Energy, forming a new publicly traded entity. This spin-off is part of Jefferies' strategy to streamline operations and focus on investment banking. Additionally, Jefferies is selling Idaho Timber for $239 million, projected to yield a pre-tax gain of $140 million. The net book value of Jefferies' Merchant Banking portfolio will drop from $1.6 billion to below $1 billion post-transactions.

Jefferies reported Q2 net income of $114 million, or $0.45 per diluted share, marking a 68% decline year-over-year. Net revenues reached $1.13 billion, down 30% from the previous year, primarily driven by lower Investment Banking and Asset Management revenues. The company repurchased 8 million shares for $258 million, maintaining a book value per share of $44.34. Despite a challenging capital market, Jefferies aims for growth, maintaining a robust backlog and planning future buybacks of up to $250 million.

Jefferies Financial Group Inc. (NYSE: JEF) announced that it will release its second quarter financial results on June 27, 2022, after market close. Jefferies operates as a leading independent global investment banking and capital markets firm, providing a range of services including advisory, sales and trading, and asset management. With over 60 years of experience, Jefferies supports investors, companies, and governments across the Americas, Europe, and Asia.

Leucadia Asset Management, a division of Jefferies Financial Group (NYSE: JEF), has formed a strategic partnership with Pearlstone Alternative, a London-based credit opportunities investment group. This collaboration involves Leucadia providing seed capital and distribution services to Pearlstone, which was established in 2021 by Ivelina Green. Pearlstone specializes in credit investments and aims to leverage its team's expertise to explore unique investment opportunities in European credit markets.

Leucadia Asset Management, part of Jefferies Financial Group (NYSE: JEF), has entered a strategic relationship with Illuminate Financial Management, a venture capital firm focused on fintech and enterprise software. This collaboration includes a commitment from Leucadia to invest in Illuminate's venture capital strategy. Illuminate, backed by major investors like JP Morgan and S&P Global, aims to leverage Leucadia's expertise to enhance its investment capabilities in next-generation fintech solutions.

M Science has launched its Australia Spending Trends Platform, enhancing its global reach and providing data-driven insights into consumer spending behaviors in Australia. The platform offers real-time analysis on over 130 brands, including major players like Woolworths and Afterpay. This initiative aims to empower investors and companies with detailed visibility into market trends, previously considered blind spots. M Science's continued global expansion reflects its commitment to delivering actionable analytics to financial institutions and corporations worldwide.