Jefferies Financial Group Inc

JEF: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Jefferies Financial: Trimming Our Fair Value Estimate Due to First Brands Exposure; Shares Expensive

Sean Dunlop

Oct 8, 2025

Jefferies shares have fallen 8% over the past week as the extent of its large exposure to bankrupt First Brands, a Michigan-based auto parts supplier, has become clearer. The firm has $161 million in direct exposure through its Point Bonita Capital fund and Apex Credit Partners joint venture.

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Jefferies Financial Group Inc

Jefferies Financial: Trimming Our Fair Value Estimate Due to First Brands Exposure; Shares Expensive

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