Jefferies Reports Earnings Before the Big Banks. Here's Why Wall Street Should Be Watching Closely.
Key takeaways
- JEF NVDA GS MS JPM Big banks are always among the first companies to report earnings every quarter.
- 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).
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
JEF NVDA GS MS JPM 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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »