Jefferies Financial Group is Starting to Bear Fruit on Its Plan to Focus on Financial Services
Jefferies Financial Group Inc. (JEF) is a $6-billion market cap stock which set in place a plan last year to refocus on financial services rather than direct investments in a disparate set of private companies. So in August 2018 it changed its name from Leucadia National Corporation to Jefferies Financial Group Inc. This signaled that its wholly owned subsidiary, Jefferies, LLC, would be the focus of earnings going forward. To simplify things, JEF sold a controlling stake