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Jefferies Financial Group Inc (NYSE:JEF) shares fell nearly 2% after-hours following the company’s posted 52.5% drop in profit for Q4, citing decreased underwriting fees and volatile markets that affected income from trading desks.
However, the company’s investment banking revenue, while down 38% from an off-the-charts 2021, had its second-best year and was significantly higher than in 2019.
Q4 EPS was $0.57, in line with the consensus expectations, while revenue of $1.44 billion came in better than the consensus estimate of $1.17B.
The company’s Board of Directors declared a quarterly cash dividend of $0.30 per common share, payable on February 24, 2023 to record holders on February 13, 2023.
