Jefferies Group: “We have achieved all-time record quarterly and annual results”

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On Monday, 4th January 2021, the U.S. financial services company Jefferies Group announced a strong Q4 and annual performance across all divisions: from its investment banking branch to its asset management services. This growth is expected to be sustained throughout 2021 as well.

Here are the main financial highlights from Jefferies Group’s Q4 earnings release:

 

– Record quarterly net revenues of $1.609 billion, as well as record pre-tax income of $406 million and return on tangible equity of 26.2%

– Record net income of $307 million, or $1.11 per diluted share

– Record quarterly investment banking net revenues of $916 million, including record Equity Underwriting revenues of $341 million and Advisory revenues of $357 million

– Record Debt Underwriting net revenues of $209 million

– Combined Capital Markets net revenues of $590 million and Asset Management revenues of $83 million

– The Board of Directors increased stock buyback authorisation by $193 million to a grand total of $250 million

– 9.5 million shares have been repurchased for a grand total $193 million, or an average price of $20.34 per share

 

“The results for our fourth quarter and full-year 2020 are outstanding and a testament to the relentless dedication and tireless effort of the entire Jefferies team. We gained market share and have established Jefferies at yet another higher level of achievement and potential. We are optimistic that our momentum and strength will be sustained in 2021.”

Rich Handler, CEO of Jefferies Group

 

On 30th November 2020, Jefferies Financial Group had parent company liquidity of $1.9 billion and a record liquidity buffer of $8.6 billion of cash and unencumbered liquid collateral, which represented 18% of its total balance sheet.

In addition, the company increased its quarterly cash dividend by 33% to $0.20 per Common Share, which will be paid out on February 26, 2021.


Upcoming reports

See the full list of upcoming earnings reports for 11 – 16 January in the tables below.

Monday, 11th January 2021

Country of originCompany nameFiscal period
United KingdomSuperdry PLC
Half Year 2021

Wednesday, 13th January 2021

Country of originCompany nameFiscal period
USAUnitedHealth Group Inc
Q4 2020
IndiaWipro Ltd
Q3 2021

Thursday, 14th January 2021

Country of originCompany nameFiscal period
USABlackRock Inc
Q4 2020
GermanySuedzucker AG
Q3 2021
TaiwanTaiwan Semiconductor Manufacturing Co LtdQ4 2020

Friday, 15th January 2021

Country of originCompany nameFiscal period
USAJPMorgan Chase & Co
Q4 2020
USAWells Fargo & Co
Q4 2020
USAPNC Financial Services Group Inc
Q4 2020
USACitigroup Inc
Q4 2020

Saturday, 16th January 2021

Country of originCompany nameFiscal period
IndiaHDFC Bank Ltd
Q3 2021

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