Jefferies Financial Group $JEF
Yesterday, Jefferies Financial Group, which offers financial services in the investment banking industry, reported results.
Results :
Revenue : $1.04 billion and $1.1 billion was expected.
EPS : $0.29 and $0.42 was expected.
Thus, the results unfortunately did not beat expectations.
I have to admit that I was not familiar with this company until a week ago.
I was wondering if you know this company and possibly how you view this company.
I know the company and I do not evaluate the results negatively at all. Admittedly, investment banking net revenue fell 26% to $510 million at Jefferies, weighed down by subdued M&A activity, while capital markets net revenue rose 30% to $543 million in the quarter, but that's just a reflection of a difficult period.
The company's CEO described it well:
Challenges during the second quarter included "the impact of the regional banking crisis, the government-sponsored forced merger of Credit Suisse and UBS, and the tumultuous process of expanding the U.S. debt ceiling.
The company will recover very quickly, in my view.
Great, thanks for the feedback and new information. It's true that the banks had a hard time because of the banking crisis.
Uporabljamo nujne piškotke za delovanje spletnega mesta in izbirne analitične piškotke za merjenje uporabe. Preberite naš Pravilnik o zasebnosti.
