Stock of the Day - November 13, 2019

Jefferies Financial Group (JEF)

$54.96

-$0.84 (-1.5%)

Market Cap: $10.81B

About Jefferies Financial Group

Jefferies Financial Group Inc. operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management.

It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services. The company also offers financing, securities lending, and other prime brokerage services; equities research, sales, and trading services; wealth management services; and online foreign exchange trading services. In addition, it provides investment grade distressed debt securities, U.S. and European government and agency securities, municipal bonds, leveraged loans, emerging markets debt, and interest rate and credit index derivative products; and manages and offers services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.

Today's Trend

Jefferies Financial Group Inc. (NYSE: JEF) stock appears to be under pressure today, with investors weighing a mix of company-specific headlines and broader sentiment around the firm.

Jefferies’ Manhattan/NYC offices were evacuated after a restaurant fire nearby, and reports say several people were injured. While the incident appears operationally contained, the attention around the firm’s offices may create a short-term overhang for the stock. Jefferies’ NYC Offices Evacuated as Fire Strikes Restaurant
Pomerantz LLP said it is investigating claims on behalf of Jefferies investors. At this stage it is only an investigation, but legal headlines can add uncertainty for shareholders. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Jefferies Financial Group Inc. - JEF
Separate headlines show Jefferies analysts remaining active on other companies, including bullish calls and upgrades on names like Groww and IntegraFin. These reports support Jefferies’ investment-banking profile, but they are not direct catalysts for JEF shares today. Groww shares rebound 4% after Thursday's slump. Why are Jefferies, Motilal bullish on the stock?

Earlier earnings results also remain in the background: Jefferies recently missed analyst expectations on EPS and revenue, which likely continues to weigh on sentiment even though year-over-year growth was strong.

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Jefferies Financial Group (JEF)

About Jefferies Financial Group

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