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Jefferies Climbs After Bove Recommends Buying-Bloomberg

|Includes:KCG, Leucadia National Corporation (LUK)

Jefferies (JEF) is up nicely today off of a recommendation form Dick Bove of Rochdale Securities LLC. Jefferies recent deal to help save Knight Capital Group (NYSE:KCG) is a potential goldmine for Jefferies, and the mid-tier investment bank has been performing quite well in comparison with competitors. The current valuation for Jefferies is very attractive and investors get to benefit from the exceptional leadership of Jefferies CEO Richard Handler. Jefferies boasts one of the cleanest balance sheets in the investment banking world and when capital markets improve substantially the company should be able to print money.

http://www.bloomberg.com/news/2012-08-21/jefferies-climbs-after-bove-recommends-buying-new-york-mover.html

Disclosure: I am long JEF.

Stocks: LUK, KCG