Jefferies Financial Group Inc. (JEF) announced a deepening of its global strategic alliance with Japan-based SMBC Group. This initiative focuses on enhancing cooperation within the Canadian market regarding corporate and investment banking business opportunities. This move aligns with the trend of U.S. investment banks increasing their efforts in Canada to gain a competitive edge.SMBC Group consists of Sumitomo Mitsui Financial Group, Inc. (SMFG) , Sumitomo Mitsui Banking Corporation (“SMBC”), SMBC Nikko Se ...

Earnings and Profitability - Net earnings attributable to common shareholders from continuing operations were $157 million, or $0.69 per diluted common share, adjusted for a pre-tax loss of $55 million associated with the investment in Weiss Multi-Strategy Advisers, resulting in adjusted net earnings of $196 million, or $0.87 per diluted common share[2] - Annualized return on adjusted tangible total equity from continuing operations was 9.8%, and 12.0% when adjusted for the impact of the Weiss loss[2] - Adjusted earnings per diluted common share from continuing operations, excluding Weiss losses, were $0.87, compared to GAAP earnings per diluted common share of $0.66[8] - Net earnings attributable to common shareholders were $150 million, or $0.66 per diluted common share, with $164 million, or $0.69 per diluted common share, from continuing operations[17] - Annualized return on adjusted tangible equity was 9.4%, with adjusted net earnings to total shareholders from continuing operations excluding Weiss losses at $857 million[25] Revenue Performance - Net revenues for the quarter were $1.74 billion, with Investment Banking net revenues of $740 million, Capital Markets net revenues of $712 million, and Asset Management net revenues of $288 million (before allocated net interest)[2] - Investment Banking net revenues increased by 28.2% from the prior quarter and 31.4% from the same quarter last year, driven by improved mergers and acquisitions and equity underwriting activity[10] - Capital Markets net revenues increased by 47.9% from the prior quarter and 8.8% from the same quarter last year, marking the third-best Capital Markets quarter ever[2][10] - Net revenues from Asset Management were $273.4 million, a 299% increase from the same quarter last year, driven by strong performance in funds and accounts managed by the company[11] - Asset Management net revenues increased to $273 million, significantly higher than the prior year period due to strong performance across multiple investment strategies and funds, and the consolidation of Stratos and Tessellis[16] - Investment Banking net revenues reached $740 million, driven by improved performance in advisory, equity, and debt underwriting, with advisory net revenues benefiting from increased mergers and acquisitions volume[19] - Capital Markets net revenues were $712 million, primarily due to stronger performance in Equities, while Fixed Income net revenues remained consistent with the prior year[19] - Total Investment Banking and Capital Markets net revenues were $1,451 million, with Asset Management net revenues at $273 million[20] Shareholder Equity and Book Value - The company had 212.0 million common shares outstanding and 253.5 million shares outstanding on a fully diluted basis as of February 29, 2024, with a book value per common share of $46.13 and tangible book value per fully diluted share of $30.89[2] - Adjusted tangible book value was $7.83 billion, and fully diluted shares outstanding were 253.5 million as of February 29, 2024[13] - Book value per common share was $46.13, and tangible book value per fully diluted share was $30.89 at February 29, 2024[24] Share Repurchases and Dividends - The company repurchased 1.1 million common shares for $43 million, at an average price of $40.63 per share[17] - The company declared a quarterly cash dividend of $0.30 per common share, payable on May 30, 2024[23] Total Assets and Equity - Total assets increased to $60,933 million, with cash and cash equivalents at $7,616 million and total equity at $9,867 million[21] Market and Strategic Outlook - The company expects continued momentum in Investment Banking and Capital Markets, with market share gains in Advisory, Equity underwriting, and Leveraged finance, supported by recent significant hires and the alliance with SMBC[10]

Jefferies (JEF) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended February 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 27, 2024, might help the stock move higher if these key numbers are better than exp ...

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) announced the publication of our 2024 Sustainability Report, which can be viewed here. Our report highlights how Jefferies’ team of driven professionals is advancing key initiatives related to sustainability and diversity that strengthen the many global communities in which we live and work. Rich Handler, our CEO, and Brian Friedman, our President, commented: “This report shares the many ways we continued to make progress this past year ...

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) announced today that, consistent with its strategy to build the leading independent global Investment Banking and Capital Markets firm, Jefferies agreed to the sale by OpNet S.p.A (the Italian wireless broadband provider formerly known as Linkem) of substantially all of OpNet’s operations to Wind Tre S.p.A., a subsidiary of CK Hutchison Group Telecom Holdings Ltd. (CKHGT). Under the terms of this sale agreement, the consideration will be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from to Commission file number 1-5721 JEFFERIES FINANCIAL GROUP INC. (Exact name of registrant as specified in its charter) New York 13-2615557 (State or other j ...

NEW YORK & LONDON--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), and other group companies (collectively, “SMBC Group”) announced today that they have signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa (“EMEA”) on future corporate and investment banking bu ...

Jefferies Financial Group Inc (JEF) reported fourth-quarter fiscal 2023 (ended Nov 30) earnings per share of 29 cents, which beat the Zacks Consensus Estimate of 26 cents. However, the bottom line compared unfavorably with 57 cents earned in the prior-year quarter. Results were aided by a decline in expenses and an improvement in equity and debt underwriting business. However, a decrease in equities and fixed-income capital markets revenues acted as an undermining factor. Because of these concerns, investor ...

For the quarter ended November 2023, Jefferies (JEF) reported revenue of $1.2 billion, down 16.8% over the same period last year. EPS came in at $0.30, compared to $0.57 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of +1.64%. The company delivered an EPS surprise of +15.38%, with the consensus EPS estimate being $0.26.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Jefferies (JEF) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $0.34 per share when it actually produced earnings of $0.32, delivering a surprise of -5.88%.Over the ...