S&P 500 ^GSPC 5,267.84 -0.74%
Nvidia NVDA $1,037.99 +9.32%
Tesla TSLA $173.74 -3.54%
Apple AAPL $186.88 -2.11%
Alphabet GOOG $175.06 -1.65%
Amazon AMZN $181.05 -1.14%
Microsoft MSFT $427.00 -0.82%
Meta META $465.78 -0.43%

Jefferies Financial Group $JEF-1.8%

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.

$45.88 -$0.83 -1.78%

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.

So how is it growing? I just did a quick scan of some data and the balance sheet looks good. P/S and P/B too, but the banks are going off on me.

I've been looking at it too and the financials aren't bad at all.

Otherwise, the banks are also going to go with me, but in the future I would like to buy shares of, for example, $BAC-1.5%, or $JPM-0.7%.

I wouldn't worry about that $JPM-0.7% even without much knowledge of the banking sector. The others, I guess.

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.