other material
confidence high
sentiment positive
materiality 0.70
Jefferies 2023 net revs $4.7B, net income $263M; expands SMFG alliance
Jefferies Financial Group Inc.
- Net revenues of $4.7B; net income attributable to common $263M; ROE of 3.7% (trough year view).
- Investment Banking net revenues $2.3B; Equities and Fixed Income $2.2B; Asset Management ~$200M.
- Returned $986M to common shareholders: $816M in dividends (incl. Vitesse spin) and $169M in buybacks.
- SMFG to increase ownership to up to 15% (currently 9.1%); will receive board seat upon reaching 10%.
- Added 68 Investment Banking MDs in 2023; total MD count now 364, up 61% over three years.