Mar. 25 at 9:36 PM
$JEF
Revenue:
$2.02 billion, exceeding the
$1.98B–
$2.02B consensus.
Net Earnings:
$155.7 million, a 22% increase from a year earlier.
Adjusted EPS:
$0.70 (some reports suggest
$0.89-
$0.90 after specific adjustments).
Segment Performance: Investment Banking revenue rose 45% to
$1.02 billion; Capital Markets revenue was
$779 million, up 12%.
Challenges: Results were impacted by a
$17 million loss related to credit investments and a
$36 million after-tax write-down related to the sale of Tessellis.
Outlook & Actions: The firm expanded its share repurchase authorization to
$250 million, having already bought back
$174 million in Q1.
