RTTNews | Jan 12, 2022 12:38PM EST

12:38 Wednesday, January 12, 2022 (RTTNews.com) - Shares of New York-based financial company Jefferies Financial Group Inc. (JEF) dropped 11% after reporting fourth-quarter results. Net income attributable to common shareholders was $325 million, or $1.20 per diluted share, compared to $307.26 million or $1.11 per share last year. On average, four analysts polled by Thomson Reuters estimated the earnings to be $1.34 per share. The stock is currently trading hands at $36.96, down $4.47 or 10.80% since the previous close at $41.43. In the morning the stock opened at $38.77 and in the 52-week period, the shares have ranged between $22.87 and $44.47.

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