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Why Financial Firm Jefferies Sees Value In Green Thumb-Boston Beer Merger
Thursday, June 6, 2024 - 10:21am | 676Green Thumb Industries (OTC: GTBIF), a prominent U.S. cannabis multi-state operator (MSO), is reportedly seeking a merger with Boston Beer Company. This move could allow GTI to list on a major exchange, leveraging Boston Beer's legal status. Additionally, it could facilitate GTI's entry...
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FTX Investors Could Recoup Up To 40% Of Lost Funds, Says Jefferies
Sunday, December 18, 2022 - 10:34pm | 478Jefferies Group, a global investment banking firm, has reportedly assessed that FTX (CRYPTO: FTT) creditors could get back up to 40% of their lost money. What Happened: Joseph Femenia, Global Head of Distressed Debt Trading at Jefferies, told The Block that creditors could potentially recover...
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Canopy Could End Up Delisted: NASDAQ Objects To Its Game Plan To Speed Up Entry Into US Cannabis Market
Thursday, October 27, 2022 - 9:26am | 1038Canopy Growth’s (NASDAQ: CGC) (TSE: WEED) recently-announced plan to conquer the US cannabis market via consolidation of its U.S. assets into a new holding company, Canopy USA is facing serious hurdles. According to the company’s new regulatory filing with...
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Jefferies Results Improve For Fourth Straight Quarter
Tuesday, March 21, 2017 - 8:34am | 370Jefferies Group, the global full-service investment banking firm that is a wholly-owned subsidiary of Leucadia National Corp. (NYSE: LUK), reported on Tuesday its first-quarter financial results. The performance of investment bank and other advisory firms are being closely looked at by some who...
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The 7 Biggest Market Rumors Of 2016: Where Are They Now?
Wednesday, December 21, 2016 - 4:25pm | 742Seasoned traders know rumors are a major part of the Wall Street world. Rumors can be both frustrating and profitable to traders who time them right because the rumors don’t actually need to turn out to be true to influence share prices. Here’s a look at seven of the biggest rumors of...
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Knight Capital Group at the Center of Bidding War
Thursday, November 29, 2012 - 11:37am | 463Knight Capital Group (NYSE: KCG) received bidding offers from two market makers: Getco LLC and Virtu Financial LLC. Wednesday, Virtu made an offer to buy the Chicago-based high-frequency trader for about $3 a share. Getco has potentially launched a bidding war by placing an offer to purchase Knight...
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Financial Sector Top Performers in January
Wednesday, February 1, 2012 - 7:52am | 1000Here's a quick look at some of the top performing financial stocks, year to date. These stocks all have a market cap of more than $500 million and all pay a dividend. Banco Macro (NYSE: BMA) shares are trading almost 27% higher year to date despite pulling back more than 5% in the past week. The...
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Goldman Sachs Lowers EPS Estimates on Jefferies
Wednesday, June 22, 2011 - 9:14am | 119Goldman Sachs is out with its report today on Jefferies (NYSE: JEF), lowering its EPS estimates. In a note to clients, Goldman Sachs writes, "We lower our FY2011-FY2013 EPS estimates for Jefferies to $1.35/$1.65/$1.90 from $1.55/$1.75/$2.00 following weaker than expected F2Q11 results. For 2QFY11...
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UPDATE: KBW Lowers PT on Jefferies Group to $28
Wednesday, June 8, 2011 - 7:43am | 111KBW is out with its report today on Jefferies Group (NYSE: JEF), lowering its PT to $28. In a note to clients, KBW writes, "Lowering 2Q11 est. to $0.40 from $0.43 on a higher share count from the equity capital raise in early April that increased our estimates for the avg. diluted share count by...
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KBW Reiterates Outperform on Jefferies Group (JEF)
Wednesday, March 23, 2011 - 7:55am | 111KBW is out with its report today on Jefferies Group (NYSE: JEF), reiterating Outperform. In a note to clients, KBW writes, "JEF generated record net revs. of $758 mil. which was 20% ahead of our est. and $0.42 in EPS which compares to our $0.36 which is also consensus. Equity and in particular...
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Ticonderoga Upgrades Jefferies Group To Buy, $30 PT
Wednesday, March 23, 2011 - 6:40am | 25Ticonderoga has upgraded Jefferies Group (NYSE: JEF) from Neutral to Buy and has established a $30 price target.
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KBW Trims JEF F1Q11 Estimate
Thursday, February 24, 2011 - 9:22am | 89KBW is trimming its F1Q11 estimate on Jefferies Group, Inc. (NYSE: JEF) to $0.36 from $0.41 “on lower M&A and FICC revenues than originally forecast, partially offset by slightly higher ECM and equities revs.” “Adjusting F2011 est. to $1.61 from $1.67, establishing a 2012 est. of $1.85,” KBW...
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Goldman Sachs Raises Jefferies Group F4Q10 Estimate
Wednesday, December 15, 2010 - 11:40am | 76Goldman Sachs has increased its Jefferies Group, Inc. (NYSE: JEF) F4Q10 (November year-end) estimate to $0.29 (from $0.25), “though we leave our 2011/2012 estimates unchanged at $1.45/1.65.” Goldman Sachs said that JEF should see particular benefit in its improved banking capabilities and high...
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KBW Lowers Jefferies Group Estimate
Wednesday, December 1, 2010 - 9:00am | 87KBW is lowering its Jefferies Group, Inc. (NYSE: JEF) F4Q10 estimate to $0.31 from $0.33 on lower equities revenues as trading volumes failed to rebound and the VIX was down again q/q. “In contrast, we expect FICC revs. to be up q/q, while momentum in investment banking activity is the bright spot...
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Jefferies Adds James P. Fadel As Head of European Structured Debt Capital Markets
Monday, November 29, 2010 - 9:23am | 237Jefferies Group (NYSE: JEF) today announced the addition of James P. Fadel, who joins as a Managing Director and Head of European Structured Debt Capital Markets in London. He will be responsible for the origination, execution and syndication of structured products, including mortgage- and asset-...