Why Jefferies Financial's Share Price Rocketed 39% in the First Half of 2021

Investment bank Jefferies Financial Group (NYSE: JEF) has been on a roll, as its stock price increased 39% through the first half of 2021, according to data provided by S&P Global Market Intelligence. Jefferies is an investment bank and asset manager, but it makes most of its money as an investment bank, catering mainly to the middle market. It was a good place to be in 2020 as Jefferies Group, the investment banking arm, had a record 67% jump in net income year over year.