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Jefferies Financial Group Inc. [JEF] reports annual net loss of $262,388.0 trillion
By USInMinutes - Mar 07, 2024, 04:59 AM ET
Last Updated - Mar 07, 2024, 04:59 AM EST
![Jefferies Financial Group Inc. [JEF] reports annual net loss of $262,388.0 trillion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FJEF.png&w=3840&q=75)
Company Reports Revenue of $4,700,417.0 trillion
Jefferies Financial Group Inc. [JEF] has reported a net loss of $262,388.0 trillion for year ended Nov 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $4,700,417.0 trillion
Based in New York, New York, Jefferies Financial Group Inc. operates in the FINANCE sector.
In the consolidated statements of earnings for the financial year ended on November 30, 2023, there was a slight increase in total revenues compared to the previous year. The current year's revenue was $7.44 billion, up from $7.15 billion in the same period in 2022 and a decrease from $8.95 billion in 2021.
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Net revenues for the current year were $4.70 billion, showing a decrease compared to the previous year's $5.98 billion and a significant decrease from $8.01 billion in 2021.
Costs of goods sold or operating income for the current year were $29.44 million, significantly lower than the $440.84 million in the previous year and $470.87 million in 2021.
The net income for the financial year ending November 30, 2023, was $262.39 million, a decrease from $781.71 million in the same period in 2022 and a significant decrease from $1.68 billion in 2021.
Earnings per share for the current year were $1.12 for basic and $1.10 for diluted, compared to $3.13 and $3.06, respectively, in the previous year, and $6.29 and $6.13 in 2021.
In the investment banking segment, revenues for the year were as follows: Investment banking revenues were $2.17 billion, $2.81 billion, and $4.37 billion for 2023, 2022, and 2021, respectively. Principal transactions revenues were $1.41 billion, $833.76 million, and $1.62 billion for 2023, 2022, and 2021, respectively. Commissions and other fees revenues were $905.67 million, $925.49 million, and $896.02 million for 2023, 2022, and 2021, respectively. Asset management fees revenues were $82.57 million, $80.26 million, and $72.08 million for 2023, 2022, and 2021, respectively. Interest revenues were $2.87 billion, $1.18 billion, and $956.32 million for 2023, 2022, and 2021, respectively. Other contracts with customers generated revenues of $1.84 thousand, $1.32 billion, and $1.04 billion for 2023, 2022, and 2021, respectively.
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