What One Bank’s Sinking Stock Says About the Economy
In This Article:
Within the financial sector, shares of investment bank Jefferies were no exception. More than a window into one firm’s performance, Jefferies’ report and the market’s reaction to it reflect a pairing for investors to consider—just ahead of the largest U.S. banks’ earnings in April—as they try to make sense of an economy caught in trade conflicts and geopolitical tensions. Like its competitors heavily focused on investment banking, such as Moelis and Evercore Jefferies reflects all of that through the lens of companies’ sentiment and appetite for big deals.
Terms and Privacy Policy