Jefferies Stock: Sumitomo Boost and Fed Rate Cut
Update: 2025-09-18
Description
Jefferies Financial Group's stock price jumped over four percent following news that Sumitomo Mitsui may increase its stake, signaling a stronger partnership. This positive momentum was further fueled by the Federal Reserve's interest rate cut. Despite this surge, Jefferies' stock is known for its volatility, and is still down 12% YTD, though a five-year investment would have nearly quadrupled.
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