We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Jefferies (JEF) Joins Forces With SMBC Nikko Securities
Read MoreHide Full Article
Jefferies Financial Group Inc. (JEF - Free Report) recently announced an alliance with Japan-based SMBC Nikko Securities. This is part of the company’s efforts to expand its presence in Asia. SMBC Nikko Securities, the major Japanese securities firm, provides consulting services and solutions to its clients through 140 branches.
Through this alliance, selected United States equity research reports published by Jefferies will be made available for translation and distribution to SMBC Nikko Securities’ retail clients. Further, as part of the deal, a new translation platform will be established by SMBC Nikko Securities, which will translate Jefferies’ research reports into Japanese. Notably, along with the translated research reports, clients will get the English version as well.
At the onset, the coverage will be limited to certain "high-profile stocks", with gradual expansion to about 100 stocks. Additionally, in the beginning, the service will be offered through SMBC Nikko Securities' sales staff and thereafter, through email and the Nikko EZ website system.
Pete Forlenza, global head of equities at Jefferies, said "This new alliance with SMBC Nikko Securities represents another innovative way to reach and service global clients and investors interested in Jefferies’ industry-leading U.S. equities research."
Makoto Nishioka, executive officer and head of product marketing at SMBC Nikko Securities INC, noted "This research alliance with Jefferies will strengthen our offering for customers who already are investing in or considering investing in US equities."
For the past few years, Jefferies has been undertaking initiatives to expand its presence in Asia. Earlier, the company had entered into a similar alliance with DBS Wealth of Singapore and Standard Bank’s SBG Securities. Furthermore, the company has been expanding its footprint in the region, having added roughly 200 employees in the last couple of years to cater to the global institutional client base.
In the past year, shares of Jefferies have appreciated 15.5%, as against the 18.1% decline of the industry it belongs to.
Currently, Jefferies carries a Zacks Rank #3 (Hold).
Columbia Financial, Inc. (CLBK - Free Report) has witnessed upward earnings estimate revisions of 12.8% for the current year over the past 30 days. This Zacks Rank #2 stock has lost 11% over the past 12 months.
MVB Financial Corp. (MVBF - Free Report) has recorded 13.5% upward earnings estimate revision for the ongoing year in the past 30 days. This Zacks Rank #2 stock has depreciated 12.2% over the past year.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Image: Bigstock
Jefferies (JEF) Joins Forces With SMBC Nikko Securities
Jefferies Financial Group Inc. (JEF - Free Report) recently announced an alliance with Japan-based SMBC Nikko Securities. This is part of the company’s efforts to expand its presence in Asia. SMBC Nikko Securities, the major Japanese securities firm, provides consulting services and solutions to its clients through 140 branches.
Through this alliance, selected United States equity research reports published by Jefferies will be made available for translation and distribution to SMBC Nikko Securities’ retail clients. Further, as part of the deal, a new translation platform will be established by SMBC Nikko Securities, which will translate Jefferies’ research reports into Japanese. Notably, along with the translated research reports, clients will get the English version as well.
At the onset, the coverage will be limited to certain "high-profile stocks", with gradual expansion to about 100 stocks. Additionally, in the beginning, the service will be offered through SMBC Nikko Securities' sales staff and thereafter, through email and the Nikko EZ website system.
Pete Forlenza, global head of equities at Jefferies, said "This new alliance with SMBC Nikko Securities represents another innovative way to reach and service global clients and investors interested in Jefferies’ industry-leading U.S. equities research."
Makoto Nishioka, executive officer and head of product marketing at SMBC Nikko Securities INC, noted "This research alliance with Jefferies will strengthen our offering for customers who already are investing in or considering investing in US equities."
For the past few years, Jefferies has been undertaking initiatives to expand its presence in Asia. Earlier, the company had entered into a similar alliance with DBS Wealth of Singapore and Standard Bank’s SBG Securities. Furthermore, the company has been expanding its footprint in the region, having added roughly 200 employees in the last couple of years to cater to the global institutional client base.
In the past year, shares of Jefferies have appreciated 15.5%, as against the 18.1% decline of the industry it belongs to.
Currently, Jefferies carries a Zacks Rank #3 (Hold).
Stocks to Consider
Axos Financial, Inc. (AX - Free Report) witnessed an upward earnings estimate revision of 23% for 2020 over the past month. Its shares have gained 17.3% over the past year. At present, it carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Columbia Financial, Inc. (CLBK - Free Report) has witnessed upward earnings estimate revisions of 12.8% for the current year over the past 30 days. This Zacks Rank #2 stock has lost 11% over the past 12 months.
MVB Financial Corp. (MVBF - Free Report) has recorded 13.5% upward earnings estimate revision for the ongoing year in the past 30 days. This Zacks Rank #2 stock has depreciated 12.2% over the past year.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>