|Bid||6.75 x 3100|
|Ask||6.86 x 21500|
|Day's Range||6.72 - 6.79|
|52 Week Range||5.29 - 7.95|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||7.44|
|Forward Dividend & Yield||0.35 (5.23%)|
|Ex-Dividend Date||Mar. 29, 2021|
|1y Target Est||N/A|
What happened Shares of Jefferies Financial (NYSE: JEF) jumped 5.4% on Wednesday after the U.S. investment bank announced a strategic alliance with Japan-based Sumitomo Mitsui Financial Group (NYSE: SMFG).
Sumitomo Mitsui Financial Group Inc plans to buy nearly 5% of Jefferies Financial Group Inc shares for $386 million, the U.S.-based company said on Wednesday, as the Japanese firm looks to boost its presence in the United States. The companies will also form a partnership to seek cross-border M&A opportunities involving Japanese companies, New York-based Jefferies said https://bit.ly/3iauf5j. Japan's second-biggest lender by assets will also provide a $1.65 billion revolving credit facility and a $250 million subordinated loan to support Jefferies' lending capabilities.