Jefferies Financial Group reported results that beat expectations and cheered investors, a good sign for bigger Wall Street banks hoping for an investment-banking rebound.
While the top- and bottom-line numbers for Jefferies (JEF) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Jefferies (JEF) delivered earnings and revenue surprises of 6.35% and 5.80%, respectively, for the quarter ended May 2024. Do the numbers hold clues to what lies ahead for the stock?