UBS initiated coverage on Jefferies with a new price target
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UBS initiated coverage of Jefferies with a rating of Buy and set a new price target of $67.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2024 | $67.00 | Buy | UBS |
| 8/22/2023 | $37.00 → $40.00 | Neutral → Buy | Goldman |
| 7/12/2023 | $27.00 → $36.00 | Underweight → Equal-Weight | Morgan Stanley |
| 4/12/2023 | $28.00 → $27.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/11/2023 | $40.00 | Buy → Neutral | Goldman |
| 12/22/2022 | $38.00 → $37.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/6/2022 | $30.00 → $38.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/8/2022 | $40.00 → $35.00 | Equal-Weight | Morgan Stanley |
Morgan Stanley analyst Ryan Kenny maintains Jefferies Financial Gr (NYSE:JEF) with a Equal-Weight and raises the price target from $44 to $59.
Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge. In regulatory news, U.S. banks successfully passed the Federal Reserve’s 2024 stress tests. The results demonstrated that all analyzed institutions could maintain minimum capital requirements even in the face of a severe economic shock. Notably, regional banks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), performed relatively better overall compared to their larger counterparts. As of midday trading in New York, major indices showed marginal gains, with small caps outperformi
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Jefferies Financial Group Inc. (NYSE:JEF): Q3 Financial Highlights Net earnings attributable to common shareholders of $167 million, or $0.75 per diluted common share Pre-tax income from continuing operations of $253 million QTD and YTD annualized adjusted net earnings to shareholders on adjusted tangible shareholders' equity from continuing operations1 of 10.3% and 10.0%, respectively Net revenues of $1.68 billion Investment Banking net revenues of $949 million, including record quarterly advisory revenues of $592 million Capital Markets net revenues of $671 million Asset Management net revenues (before allocated net interest4) of $75 million At August 31, 2024, we had 2
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its third quarter financial results on Wednesday, September 25, 2024 after market close. About Jefferies Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 47 offices in 21 countries around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240911950538/en/
Quarterly Dividend Increased 16.7% to $0.35 Per Common Share Jefferies Financial Group Inc. (NYSE:JEF): Q2 Financial Highlights Net earnings attributable to common shareholders of $146 million, or $0.64 per diluted common share. Our pre-tax income for the quarter was $228 million Annualized return on adjusted tangible shareholders' equity1 of 9.2% Net revenues of $1.66 billion Investment Banking net revenues of $803 million Capital Markets net revenues of $691 million Asset Management net revenues (before allocated net interest4) of $173 million At May 31, 2024, we had 212.1 million common shares outstanding and 253.7 million shares outstanding on a fully diluted
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As previously announced, Jefferies Financial Group Inc. (NYSE:JEF) will host its annual Investor Day on Monday, October 21, 2024, at 9:00 a.m. in Manhattan. The meeting will include management presentations from Rich Handler, our Chief Executive Officer, Brian Friedman, our President, and leaders of our major businesses, as well as an opportunity to present questions to management. To register for the event, which will be hosted both in-person and virtually, investors should provide their contact information via https://www.jefferies.com/investorMeeting2024 by 5:00 p.m. EDT on Thursday, October 17, 2024. Only registered guests will be allowed to participate. About Jefferies Financial Grou
Jefferies Financial Group Inc. (NYSE:JEF): Q3 Financial Highlights Net earnings attributable to common shareholders of $167 million, or $0.75 per diluted common share Pre-tax income from continuing operations of $253 million QTD and YTD annualized adjusted net earnings to shareholders on adjusted tangible shareholders' equity from continuing operations1 of 10.3% and 10.0%, respectively Net revenues of $1.68 billion Investment Banking net revenues of $949 million, including record quarterly advisory revenues of $592 million Capital Markets net revenues of $671 million Asset Management net revenues (before allocated net interest4) of $75 million At August 31, 2024, we had 2
SAN CARLOS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitmentGoldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to OportunA new two-year revolving periodCollateralized by Oportun's unsecured and secured personal loan originations "This warehouse facility extension expands on Oportun's longstanding lending relationships", said Jonathan Coblentz, Chief Financial Officer of Oportun. "With the support of
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UBS initiated coverage of Jefferies with a rating of Buy and set a new price target of $67.00
Goldman upgraded Jefferies from Neutral to Buy and set a new price target of $40.00 from $37.00 previously
Morgan Stanley upgraded Jefferies from Underweight to Equal-Weight and set a new price target of $36.00 from $27.00 previously
Jefferies Financial Group, Inc. (NYSE:JEF) ("Jefferies") today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) ("SMFG") President and Group Chief Executive Officer, Toru Nakashima, to Jefferies' Board of Directors effective August 12, 2024. The appointment of Mr. Nakashima further strengthens the strategic alliance between Jefferies and the SMBC Group first announced in 2021 and then further expanded in 2023 and 2024. Consistent with agreements between Jefferies and Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as-converted and fully diluted basis, and recently increased its
NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE:OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE:JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash. Founded in 2012, Foursight is an automobile finance company that purchases and services automobile retail installment contracts primarily made to near-prime borrowers across 38 states. Contracts are sourced through an extensive network of dealers. "Foursight is an attractive tuck-in acquisition giving us a seas
Jefferies announced today that it will hold a Global Trading Day on Tuesday October 10, 2023 to fund accredited charities focused on providing humanitarian aid to those impacted by the violence and terror in Israel. Jefferies will donate 100% of net global trading commissions on October 10 for all trading in equities and fixed income by the Firm's clients. In addition, Jefferies as a firm will donate $1 million directly, and its more than 5,300 employees worldwide will be given the opportunity to personally donate to these efforts. These contributions will then be carefully allocated to qualified charities to make sure the proceeds go directly to the people most in need. Rich Handler, C