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Benzinga
Benzinga
Business
Dylan Berman

Jefferies Financial Shares Are Trading Higher Friday: What's Going On?

Jefferies Jefferies Financial First Brands
Stock chartbenzingaai2023_stock_market_charts_on_multiple_computer_scree_03ada781-be05-460b-a6af-38988bc7658b_1

Jefferies Financial Group, Inc. shares are trading higher Friday following reports suggesting that its fund connected to First Brands is separate from its investment banking business

What To Know: According to Reuters, Jefferies executives said at the bank's investor day that the Point Bonita fund involved in the collapse of auto parts maker First Brands operates independently from its investment banking division.

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