Jefferies Financial Group Inc. (NYSE:JEF) reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the key figures from the quarter.
The Details: Jefferies Financial Group reported quarterly earnings of 93 cents per share, which beat the analyst consensus estimate of 91 cents. Quarterly revenue came in at $1.95 billion, which beat the analyst consensus estimate of $1.77 billion and is an increase over revenue of $1.19 billion from the same period last year.
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“Our quarterly results reflect strong performance in Investment Banking (up 73%), including a record quarter in Advisory (up 91%), as well as another robust quarter for Equities (up 49%) and solid performance in Fixed income (up 15%). Asset Management fee and investment return net revenues of $116 million were substantially higher than the prior-year quarter, reflecting fee growth and strong overall performance from a number of strategies,” said CEO Richard Handler and President Brian Friedman in the management commentary.
JEF Price Action: According to data from Benzinga Pro, Jefferies Financial shares are down 1.22% after hours at $79.15 Wednesday.
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Image: Courtesy of Jefferies Financial Group, Inc.
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