At Ando Money, we strive to provide insightful analysis on prominent financial entities. Today, let’s explore Jefferies net worth and dive into the company’s financial highlights from 2024.
With a focus on investment banking success, we’ll break down the revenue streams and major factors driving Jefferies’ strong financial performance.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Jefferies Financial Group Inc. |
| Full Name | Jefferies Financial Group Inc. |
| Website | jefferies.com |
| Industry | Financial Services |
| Traded as | NYSE: JEF |
| ISIN | US47233W1099 |
| Founded | 1962 |
| Founders | Ian Cumming, Joseph S. Steinberg |
| Country/Territory | United States |
| Headquarters | New York City, USA |
| Chief Executive Officer | Richard Handler |
| Number of Employees | 7,624 (August 2024) |
| Market Cap | $13.08 billion (October 2024) |
| Total Assets | $63.3 billion |
| Total Equity | $10.1 billion |
| Revenue | $1.68 billion (Q3 2024) |
| Net Income | $167 million (Q3 2024) |
What is the Net Worth/Market Cap Of Jefferies in 2024?
As of October 2024, Jefferies Financial Group boasts a market capitalization of $13.08 billion, ranking among the top financial firms globally.
This valuation places Jefferies in a competitive spot, reflecting its robust performance in sectors like investment banking and capital markets.
When comparing Jefferies to similar entities, several key players also contribute to shaping the financial landscape. These include:
- Berkshire Hathaway
- Goldman Sachs
- Morgan Stanley
- Citigroup
- Bank of America
- FXCM
- Vitesse Energy
- National Beef
- Foursight Capital
- HomeFed
Want to know which firms are thriving globally? Explore the most valuable companies and see how Jefferies stands out by visiting our page on the richest companies.
Jefferies Financial Performance Overview
Key Revenue Streams Driving Financial Growth
Jefferies’ revenue in 2024 is largely driven by its investment banking, capital markets, and asset management divisions. With total net revenues reaching $1.68 billion in Q3 2024, the firm is showing consistent growth.
The investment banking segment alone contributed $949 million, supported by strong advisory services and underwriting activities.
In contrast, the capital markets division brought in $671 million, bolstered by favorable trading opportunities and growth in equity trading.
Investment Banking Success
Jefferies has seen substantial success in investment banking, particularly in advisory services and underwriting.
In Q3 2024, the firm achieved record advisory revenues of $592 million, reflecting market share gains and increased mergers and acquisitions (M&A) activity.
The underwriting segment also saw growth, with $333 million in revenues, highlighting stronger leveraged finance activity and steady performance in both equity and debt underwriting.
Capital Markets Performance
Capital markets represent a significant portion of Jefferies’ revenue streams. In Q3 2024, equities trading saw an impressive growth of 42.3% year-over-year, contributing significantly to the firm’s revenue.
Fixed income trading, another essential part of the capital markets, also performed well, with revenues increasing by 13.2% compared to the previous year.
The combination of increased volumes and favorable trading conditions has played a pivotal role in the company’s financial growth, particularly in equities and credit trading.
Asset Management Revenue
Although the market environment for certain strategies was challenging, Jefferies’ asset management division still reported strong results in 2024.
The consolidation of Stratos and Tessellis significantly boosted revenues in this segment, while other investment returns contributed to a total of $75 million in revenue for Q3.
Despite some headwinds, Jefferies continues to invest in its asset management division, ensuring its contribution to the firm’s overall financial health.
Earnings and Profitability
Jefferies reported net earnings of $167 million attributable to common shareholders in Q3 2024, up substantially from the same period last year.
This equates to $0.75 per diluted share, reflecting a strong profit margin and efficient cost management.
Jefferies’ book value per common share stands at $48.89, with an adjusted tangible book value of $31.87.
This level of profitability underscores the firm’s ability to generate returns for its shareholders, even in competitive and fluctuating markets.
Share Repurchases and Dividend Strategy
In 2024, Jefferies has continued its efforts to return value to shareholders through a mix of share repurchases and dividends.
The firm repurchased 1.1 million shares for $44 million at an average price of $40.72 per share, further enhancing shareholder value.
Additionally, Jefferies declared a quarterly dividend of $0.35 per share, payable in November 2024, demonstrating its commitment to providing returns to its investors.
Future Outlook Based on Current Performance
Looking ahead, Jefferies is well-positioned to capitalize on its strong investment banking pipeline, with more deals expected in the coming quarters.
The company anticipates increased advisory and capital markets activity as interest rates decline and market conditions improve.
With a talented global team and expanding client base, Jefferies is optimistic about sustaining its financial momentum into 2025, setting the stage for continued growth.
FAQs About Jefferies Financial Group
What are Jefferies’ main revenue sources?
The firm primarily generates revenue through its investment banking, capital markets, and asset management divisions.
How does Jefferies’ investment banking segment perform?
Its investment banking division achieved strong results in 2024, with advisory services and underwriting activities contributing over $949 million to the firm’s total revenues for Q3 2024.
How is Jefferies’ capital markets division performing?
In Q3 2024, its capital markets division brought in $671 million, driven by growth in equities trading and fixed income trading. The firm continues to benefit from solid overall market conditions.
How much did Jefferies repurchase in stock?
In 2024, the company repurchased 1.1 million shares for a total of $44 million, further enhancing its financial position and shareholder value.
What is Jefferies’ dividend policy?
It declared a quarterly dividend of $0.35 per share in 2024, reflecting its focus on returning value to shareholders.
Conclusion
Jefferies Financial Group continues to demonstrate strength across its core financial segments. Interested in learning more about other financial giants?
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