Jefferies Reports Earnings Before Major Banks
Jefferies Financial (JEF) reported Q2 earnings before major banks like Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM). While Jefferies saw a year-over-year increase in net income, it missed revenue and EPS estimates. The results led to an 8% drop in its stock price.
Topics: bank earnings season investment banking Wall Street performance