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Jefferies is a well regarded investment bank, providing advisory services, alongside asset management. The investment banking industry has entered a downturn, with ECM/DCM activity noticeably down compared to prior periods.
Zacks.com users have recently been watching Jefferies (JEF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Jefferies (JEF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Banks have begun reporting their earnings results for the fourth quarter of 2022, and as many investors expected, investment banking revenue was hit hard, especially when compared to the bumper year in 2021.
Zacks.com users have recently been watching Jefferies (JEF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the third quarter of 2022, Berkshire Hathaway took a small stake in a pure-play investment bank.
Berkshire Hathaway added this dirt cheap investment banker after a challenging year for the industry.
Jefferies Financial Group Inc. stock outpaced gains in the broad market on Tuesday after the bank matched analyst earnings estimates and beat on revenue on strength in its merchant banking unit.
In a preview for other investment banks, Jefferies reported solid results with one notable exception.
Jefferies (JEF) delivered earnings and revenue surprises of 0% and 21.15%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?