secwatch.observer — SEC 8-K summary
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Issuer:     Jefferies Financial Group Inc. (JEF)
CIK:        0000096223
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000096223-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jefferies Q1 net earnings $134M ($0.54/diluted), down 59% YoY; rev $1.28B
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- Net earnings $134M vs $327M YoY; diluted EPS $0.54 vs $1.23; rev $1.28B (-24% YoY).
- Investment Banking rev $568M; Capital Markets rev $639M (4th highest quarter) up 33% YoY.
- Annualized return on adj. tangible equity 7.1%; quarterly dividend $0.30/share, payable May 26.
- Completed distribution of Vitesse Energy shares ($527M); repurchased 2.6M shares for $98M.
- Effective tax rate 18.2% vs 16.4% YoY; book value $41.77/share; tangible book $31.51.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96223/000009622323000013/0000096223-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96223/000009622323000013/jef-20230328.htm
  HTML page:      https://secwatch.observer/filing/0000096223-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer