Jefferies Financial Group Inc.JEFSELLJan 24, 2025Stock price when the opinion was issued
As of Jun 10, 2026. Market Open.
They report Wednesday. Private credit stocks have been punished. Investors can buy pieces of syndicated loans through these companies, which roped in a lot of individual investors (not institutions) who don't understand these companies. But now these people are nervous because money was leant to software companies who are vulnerable to AI. These private credit funds were not meant to be traded, but to be owned 6-10 years. These companies should have made those terms clearer to people. He doesn't associate these products with Jeffries, but wants to hear what Jeffries has to say on the issue.
They had a surprisingly bad quarter, though he likes the CEO. Sell this to buy Goldman.