Jefferies Q3 Earnings Beat Estimates, Shares Rise

Jefferies Financial Group (NYSE:JEF) shares jumped 3.2% after Q3 earnings beat expectations, with EPS at $1.01, topping the consensus estimate of $0.69. The positive sentiment was supported by a broader trend in the banking sector, with many large US banks setting aside less money for potentially troubled loans. The shares have been volatile, with 15 moves greater than 5% over the last year, and are currently trading 28.3% below their 52-week high of $81.75 from December 2024.