10 Firms Mirror Wall Street Slump on Thursday

5. Jefferies Financial Group Inc. (NYSE:JEF)

Jefferies Financial declined by 9.85 percent on Thursday to finish at $54.35 each, following a dismal earnings performance that was attributed to increasingly more challenging capital markets.

In its latest earnings release, JEF said net income attributable to shareholders dropped by 14.6 percent in the first quarter of the year at $127.79 million from $149.64 million in the same period a year earlier, as revenues dropped 8.6 percent to $1.59 billion from $1.74 billion.

“The capital markets have become increasingly more challenging due to the uncertainties that have arisen around US policy and geopolitical events,” said JEF President and CEO Richard Handler.

“We remain very confident about our strategy, our team, and our long-term growth opportunities across our global businesses and we will navigate this period of uncertainty the way we always do, by focusing on our clients and helping them address their challenges and opportunities, while watching our risk, maintaining record liquidity and striving to gain market share across our firm,” he added.