JEF•Jefferies Financial shares fell as much as 4.6% during its annual investor day in Manhattan. The bank topped third-quarter profit estimates last month, while its shares were down 27.7% year to date as of the last close.
Jefferies Financial is hosting its annual investor day in Manhattan on Monday, with presentations scheduled from CEO Rich Handler and President Brian Friedman. Its shares fell as much as 4.6% during the session.
Last month, Jefferies topped third-quarter profit estimates as higher fees from deal advice and stock underwriting were complemented by record equities trading revenue. The bank has faced scrutiny over lending to the collapsed Market Financial Solutions and First Brands, amid alleged fraud.
