Jefferies Financial Group Inc
JEF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| j>! | LOCK|X! | LOCK|xmS%s$ |
Jefferies: SMBC Takeover Rumors Look Speculative for Now; Shares Still Cheap Approaching Earnings
Jefferies Financial shares shot up as much as 14% during premarket trading on swirling rumors that Japan's second-largest bank, SMBC, was mulling over an acquisition of the beleaguered US investment bank. Shares have since settled toward a 3% to 4% gain during March 24 intraday trading.
