Jefferies Financial Group (JEF) Misses Q3 EPS by 10c

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Go back to Jefferies Financial Group (JEF) Misses Q3 EPS by 10c

Jefferies Announces Third Quarter 2023 Financial Results

September 27, 2023 4:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE: JEF):

Q3 Financial Highlights

Net earnings attributable to common shareholders of $51 million, or $0.22 per basic and diluted common share, inclusive of a meaningful pre-tax loss from our legacy merchant banking portfolio which generated negative net revenues of $25 million primarily as a result of certain fair value adjustments taken during the period Annualized return on adjusted tangible equity1 of 2.9% Net revenues of $1.18 billion Investment Banking net revenues of $645 million Capital Markets net... More