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Jefferies Climbs on Fourth-Quarter Profit Surge

Jefferies Financial Group (JEF) – Get Report shares rose on Tuesday after the financial-services company reported a 79% surge in fourth-quarter net income per share and boosted its stock-buyback plans.

Shares of the New York investment bank at last check were 3.4% higher at $25.45.

For the quarter ended Nov. 30 Jefferies reported earnings of $1.11 a share, up from 62 cents in the year-earlier quarter. Shares outstanding dropped 12% to 277.3 million.

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