8-K
filed June 27, 2023, 7:59 PM ET
ticker JEF
CIK 0000096223
earnings
confidence high
sentiment negative
materiality 0.80
Jefferies Q2 net earnings $12M ($0.05 EPS) including $72M OpNet loss; revenue down 22% YoY
Jefferies Financial Group Inc.
2023-Q2 EPS reported
$0.60
revenue$3,431,746,000
- Net earnings $12M ($0.05 diluted) includes $72M pre-tax OpNet loss; revenue $1.04B, down 22% YoY.
- Investment Banking rev $510M (-26% YoY); Capital Markets rev $543M (+30% YoY).
- Book value $41.90; tangible book $31.51; repurchased 2.2M shares for $67M; buyback auth renewed to $250M.
- Quarterly dividend $0.30/share payable Aug 25, record Aug 14.
- SMBC to increase economic interest to ~15% via open-market purchases; special meeting tomorrow for nonvoting shares.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Jefferies Financial Group Inc. reported the six months ended May 31, 2023 results: revenue $2,321,102, net income $146,014, EPS $0.60.
- Period
- the six months ended May 31, 2023
- Revenue
- $2,321,102
- Net income
- $146,014
- EPS
- $0.60
- Result
- reported results
Exact text from the filing
(5)% $ 2,259,795 $ 2,567,539 (12)% Asset Management (22,384) 233,977 N/M 55,912 460,809 (88)% Other 7,490 (1,081) N/M 5,395 2,564 110% Net revenues 1,037,610 1,338,070 (22)% 2,321,102 3,030,912 (23)% Net earnings before income taxes 17,919 166,541 (89)% 175,937 558,873 (69)% Income tax expense 9,235 49,683 (81)% 37,929 114,040 (67)% Net earnings 8,684 116,858
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Jefferies Financial Group Inc. reported the quarter ended May 31, 2023 results: revenue $1.04 billion, net income $12 million, EPS $0.05 per diluted share.
- Period
- the quarter ended May 31, 2023
- Revenue
- $1.04 billion
- Net income
- $12 million
- EPS
- $0.05 per diluted share
- Result
- reported results
Exact text from the filing
of pre-tax losses related to OpNet (formerly Linkem), a legacy merchant banking investment • Annualized return on adjusted tangible equity 1 of 0.7% • Total net revenues of $1.04 billion, including $72 million of pre-tax losses related to OpNet Ø Investment Banking net revenues of $510 million Ø Capital Markets net revenues of $543 million • Repurchased 2.2
View on SEC.gov
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