other material
confidence high
sentiment positive
materiality 0.80
Jefferies posts $7B revenue in 2024, raises dividend 14.3% to $0.40/share
Jefferies Financial Group Inc.
- Net revenues $7.0B, pre-tax income $1.0B, diluted EPS $2.96, ROATCE 10.8%.
- Investment Banking rev $3.4B (+52% YoY); ranked 6th globally; advised $26B Diamondback-Endeavour merger.
- Dividend increased 14.3% to $0.40; since 2017 repurchased 159M shares at $24.03 avg.
- Equities record $1.6B; Fixed Income $1.2B (+6.8%); Berkadia pretax income $192M.
- SMFG owns 14.5% of JEF; CEO cites strong M&A pipeline and sustained momentum.