Jefferies Financial slips as annual investor day underway
BUZZ-Jefferies Financial slips as annual investor day underway ** Investment bank Jefferies Financial's JEF.N shares fall as much as 4.6%; last down 2.7% at $43.59
** JEF is hosting its annual investor day in Manhattan on Monday, with management presentations from CEO Rich Handler and President Brian Friedman lined up
** Last month, JEF topped Q3 profit estimates as higher fees from advising on deals and underwriting stock sales were complemented by a record haul in equities trading business
** Bank has come under scrutiny over the past year over lending to collapses of British lender Market Financial Solutions and U.S. auto-parts supplier First Brands from alleged fraud
** 2 of 5 brokerages rate the stock "buy" or higher and 3 "hold"; median PT $56 - data compiled by LSEG
** As of last close, JEF stock down 27.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)