Fri, February 14, 2025
Thu, February 13, 2025

Jim Cramer Says Jefferies Financial Group Inc. (JEF) 'Had A Surprisingly Bad Quarter'

Jim Cramer discussed Jefferies Financial Group Inc.'s recent earnings on CNBC, highlighting that the company experienced a surprisingly weak quarter. Despite the broader market's positive sentiment towards investment banks, Jefferies reported a significant drop in net income, with earnings per share falling short of expectations. The disappointing results were attributed to lower investment banking fees and a decrease in trading revenue, which were not offset by the firm's cost-cutting measures. Cramer noted that while other banks managed to navigate the challenging environment better, Jefferies struggled, leading to a notable decline in its stock price following the earnings release.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/jim-cramer-says-jefferies-financial-group-inc-jef-had-a-surprisingly-bad-quarter/ar-AA1yZ4ui ]