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Jefferies Financial Group Inc. (JEF+1.97%) has filed its annual report on Form 10-K for the fiscal year ended November 30, 2024. The full report is available for review filing.
The filing details Jefferies Financial Group's financial performance, noting net revenues of $7.03 billion for the year, a 49.7% increase from the previous year. This growth was driven by strong results in both the Investment Banking and Capital Markets and Asset Management segments.
Investment Banking revenues increased by 51.6% to $3.44 billion, with advisory and underwriting services contributing significantly to this growth. The company also reported an increase in equities net revenues by 39.8% to $1.59 billion.
Jefferies reported net earnings from continuing operations of $712.4 million, a 171.5% increase compared to the previous year. The effective tax rate for the year was 29.2%, up from 25.9% in the prior year.
Jefferies' balance sheet showed total assets of $64.36 billion, an 11.1% increase from the previous year. The company maintained a leverage ratio of 6.3, with total equity of $10.23 billion.
The company's report also highlights various risk management strategies, including liquidity management, market risk, and credit risk. Jefferies continues to focus on maintaining a robust risk management framework to support its business operations.
The filing includes details on Jefferies' regulatory capital requirements, noting compliance with all applicable regulations. The firm also outlined its plans for future growth and strategic initiatives in its investment banking and asset management businesses.
Jefferies' annual report provides a comprehensive overview of the company's financial condition, operational performance, and strategic direction as it continues to navigate the evolving financial landscape.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Jefferies Financial Group Inc. annual 10-K report dated January 28, 2025. To report an error, please email earnings@qz.com.