BUZZ-Jefferies hits 2-month low even after strong Q4 results

Reuters

Jan 10, 2025

BUZZ-Jefferies hits 2-month low even after strong Q4 results

** Shares of investment bank Jefferies JEF.N slide as much as 11.7%, hitting their lowest since Nov. 8; last down 9.6% at $72.45

** JEF late on Wednesday reported Q4 adjusted profit of 93 cents/shr, beating Wall Street expectations of 91 cents/shr, according to estimates compiled by LSEG

** JEF's Q4 investment banking revenue shot up 73%, but the momentum was not as high as Dealogic data had suggested and bulls were looking for more, Morgan Stanley says

** Brokerage adds that bulls were also looking for some core compensation ratio leverage which has not yet come through

** Compensation ratio is a measure of pay and bonuses at an investment bank as a percentage of its revenue

** MS expects compensation ratio leverage to begin in 2025 for JEF

** Still, MS notes that JEF's dividend increase shows the management's confidence in earnings growth over the next several years

** JEF stock soared 94% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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last down 9.6% at $72.45</p><p>** JEF late on Wednesday <span>reported</span> Q4 adjusted profit of 93 cents/shr, beating Wall Street expectations of 91 cents/shr, according to estimates compiled by LSEG</p><p>** JEF's Q4 investment banking revenue shot up 73%, but the momentum was not as high as Dealogic data had suggested and bulls were looking for more, <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> says    </p><p>** Brokerage adds that bulls were also looking for some core compensation ratio leverage which has not yet come through</p><p>** Compensation ratio is a measure of pay and bonuses at an investment bank as a percentage of its revenue</p><p>** MS expects compensation ratio leverage to begin in 2025 for JEF   </p><p>** Still, MS notes that JEF's dividend increase shows the management's confidence in earnings growth over the next several years</p><p>** JEF stock soared 94% in 2024</p><p> (Reporting by Arasu Kannagi Basil in Bengaluru)</p><p> ((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250110:nL4N3O416E:1","article_id":"2502893912","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502893912","pubTimestamp":1736523440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Jefferies hits 2-month low even after strong Q4 results** Shares of investment bank Jefferies JEF.N slide as much as 11.7%, hitting their lowest since Nov. 8; 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