JEFFERIES GROUP INC(NEW)

JEF

Market cap $5.33B

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Jefferies has publicly accused auto-parts firm First Brands Group of defrauding one of its funds, a sharp escalation in a story that has roiled credit markets and left investors scrambling for answers.

Rich Handler doesn't see bankrupt auto parts supplier as sign of broader issues.

Rich Handler doesn't see bankrupt auto parts supplier as sign of broader issues.

Shares of Jefferies Financial Group Inc (NYSE:JEF) are up 6.8% to trade at $52.12 at last glance, after the finance name received an upgrade to "outperform" from "perform" at Oppenheimer.

Jefferies is rated a "Buy," with shares seen as oversold and undervalued after recent sector-driven declines and manageable First Brands exposure. JEF posted strong Q3 results, beating EPS and revenue estimates, driven by a rebound in investment banking fees and healthy trading revenue. Valuation is attractive, with shares trading below historical P/E and P/B averages, and EPS growth projected to accelerate by FY 2027.

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Jefferies Financial Group Inc. (“Jefferies” or the “Company”) (NYSE: JEF) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON JEFFERIES FINANCIAL GROUP INC. (JEF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Wh.

The investment bank's exposure to First Brands ‘is in reality very limited,' say Oppenheimer analysts.

Jefferies' fund caught up in the collapse of auto parts maker First Brands is separate from its investment banking business, its top executives said at the bank's investor day.

LOS ANGELES--(BUSINESS WIRE)--Jefferies Financial Group Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – JEF.