Jefferies (JEF) Hits 52-Week High on Q2 Earnings Beat, IB Fees Up

Revenues Improve, Expenses Rise Results primarily benefited from an improvement in net revenues. The performance of the reportable segments was also strong. However, higher expenses hurt the results to some extent. Quarterly Segmental Performance Our View Net revenues were $1.66 billion, surging 60% year over year. The top line beat the Zacks Consensus Estimate of $1.56 billion. Asset Management: Net revenues were $156.5 million against the year-ago quarter's negative revenues of $30.9 million. Currently, J ...