Financials are back in favor on The Street. Jefferies Financial stock is one of the best performing in this sector. The New York bank is active in asset management and investment banking. Thursday, IBD SmartSelect composite rating for Jefferies Financial Group (JEF) rose to 96, out of 99, the best it could be.
The revised score means that Jefferies Financial stock currently exceeds 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often score 95 or higher at the start of a new price race, so this is a good item to have on your checklist when looking for the best stocks to buy and watch.
Jefferies Financial Stock Profits from Profit Growth
In the first quarter, the company posted earnings growth of 476%, to $ 2.13 per share. Sales increased 79% year-on-year to $ 2.49 billion, compared to 68% year-on-year growth in the previous quarter. Jefferies’ next quarterly report is due on or around June 29. Its stock was up 167% from May 15, 2020, a low of 11.82 to 31.54 on Thursday, up 2.7% for the day.
Jefferies Financial Group ranks 10th among its peers in the Finance-Investment Banking / Brokers industry group. Maintenance of freedom (FRHC), Futu Fund (FUTU) and Cowen (COWN) are among the top 5 rated stocks in the group.
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The company has an EPS rating of 98, which means its recent quarterly and annual profit growth exceeds 98% of all stocks.
Jefferies Financial’s Accumulation / Distribution Rating The D- rating shows moderate selling by institutional investors over the past 13 weeks. Look for the grade to improve at least a C or better.
Jefferies Financial Group stock is currently consolidating, with an entry of 34.96. Look for the stock to burst in volume at least 40% above average.
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