NEW YORK, March 4, 2011 - Jefferies today announced that it has been ranked #1 in U.S. stock picking in the 2011 Financial Times / StarMine broker rankings for equity research during the calendar year 2010.
Steven R. Black, Global Head of Equity Research at Jefferies, commented, "We are delighted that the Financial Times / StarMine has named Jefferies as best in class for providing our clients with valuable investment ideas. Over the last several years, we have expanded and enhanced our equity research capabilities, adding experienced and highly regarded professionals, and increasing our coverage of European and Asian companies. This ranking underscores our commitment to providing our clients with global insights based on our analysts' extensive industry knowledge, in-depth company analysis and an emphasis on idea and information sharing across sectors and geographies."
Jefferies has nearly 70 senior equity research analysts in the U.S., Europe and Asia, covering more than 1,000 companies in the areas of Aerospace & Defense, Business Services, Clean Technology, Consumer, Energy, Financial Services, Gaming, Leisure & Lodging, Healthcare, Industrials, Maritime, Media & Entertainment, Real Estate, Technology, Telecommunications and Utilities.
StarMine analyzes the performance of eligible brokers over sets of stocks by measuring the returns of their buy and sell recommendations and by the accuracy of their earnings estimates. These scores are then aggregated to determine a final overall score for each broker. In order to be included in the Broker Rankings, eligible firms must cover at least 25% of the S&P 500 Index.
Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.
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