Jefferies Reports Strong Earnings-Bloomberg

Jefferies (JEF) has done a remarkable job rebounding from the “bear raid” that the stock faced last year, after a very poor research report from Egan-Jones raised alarms as to their exposure in Europe. ┬áThese trading numbers should augur fairly well for financials this quarter and I’m anxious to delve more deeply into the quarter.

http://www.bloomberg.com/news/2012-03-20/jefferies-group-profit-falls-12-on-decline-in-stock-trading.html

Disclosure: Some of our accounts are long Jefferies stock and bonds.

INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.