Jefferies Group, Inc. (NYSE: JEF) is set to report earnings this coming Tuesday. It was only a few months ago that they were being mistreated as “the next MF Global” by Wall Street. To show you just how bad things got, this stock is still not back to its highs before the selling started really hitting in July of last year. And as far how good things have been in the recovery, Jefferies has seen its stock double since November’s lows!
This will be an important report, but the verdict now is that Jefferies should be able to get its growth back ahead. The firm is not a bank, so it is not going to be hamstrung like many of its Wall Street rivals. The firm has also been able to selectively add on strong asset gatherers who just couldn’t take working for some of the large bulge bracket firms that were in so much trouble or under so much scrutiny.
Thomson Reuters has estimates of $0.29 EPS and $699.2 million in revenues. With shares around $19.10, the 52-week trading range is $9.50 to $25.81.
JON C. OGG
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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