- Jefferies reported fourth-quarter net revenue of $1.96 billion, beating estimates of $1.83 billion, marking a 63% increase year-over-year.
- Asset Management revenue surged to $314.8 million from $140.6 million in the previous year.
- Revenue from Capital Markets and Investment Banking reached $1.64 billion, noting a 55% rise compared to the previous year.
- Other revenue recorded a positive $3.34 million, a turnaround from a negative $1.44 million the previous year.
- Earnings per share (EPS) increased to 93 cents from 29 cents a year ago, although it fell short of the $1.04 estimate.
- The adjusted tangible book value per share rose to $32.36 from $30.82 year-over-year.
- Jefferies announced a 14.3% increase in its quarterly dividend, raising it to 40 cents per share.
A look at Jefferies Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Jefferies Financial Group Inc. has shown strong momentum according to Smartkarma Smart Scores, signaling a positive outlook for the company’s future performance. With solid scores in value and growth, the company is positioned well for long-term success in the financial services sector. Jefferies Financial Group offers a diverse range of investment banking and capital market services, making it an attractive option for investors looking for opportunities in the financial industry.
Although there are areas for improvement, such as resilience and dividend scores, Jefferies Financial Group’s overall outlook remains favorable. As a global financial services company with a focus on investment banking and capital markets, the company’s strong momentum score suggests that it is well-positioned to continue its growth trajectory in the long run, making it an interesting prospect for potential investors seeking opportunities in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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