Jefferies Reports Earnings Before the Big Banks. Here's Why Wall Street Should Be Watching Closely.
Jefferies' results should be good news for other big investment banks.
Overview
Big banks are always among the first companies to report earnings every quarter. As banks are seen as bellwethers for the economy, investors can get a sense of what to expect from other sectors of the economy based on bank earnings. But there is one stock that might be considered a bellwether for the bellwethers -- Jefferies Financial (NYSE: JEF).
Jefferies is a leading investment bank, and it reports earnings weeks before other big investment banks like Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), and JPMorgan Chase (NYSE: JPM). That's because its quarter ends one month earlier than those other banks -- in this case, May 31.
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Originally published at www.fool.com.