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.
Read Next: Wildfire Rips Through LA’s Pacific Palisades Neighborhood Destroying Homes: 3,000 Acres Burned As 30,000 Residents Evacuate
“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.
Read Next:
Image: Courtesy of Jefferies Financial Group, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.