
"So Jeff Financial Group, its ticker JF. Shares fell almost 8% today. This is the worst drop since April 10th. This is actually after a Bloomberg news report. So, Black Rockck requested to pull some money. It invested in Point Bonita Capital, which is a unit of Jeffre, Lucadia Asset Management, and it has large exposure to First Brands Group. So, this is a bankrupt auto parts supplier. It actually filed for bankruptcy on September 28th. And actually, theres a good note out just now from Bloomberg Intelligence about what this might mean for Jeff. So basically the loss exposure to first brands could be as much as 45 million which is 3 to 4% of 2026 pre-tax income. So thats from Neil Cypes of Bloomberg Intelligence. So seeing sort of a ripple effect there."
The commentary on Jeff Financial Group (JF) outlines an 8% drop in shares, marking the worst performance since April 10th, triggered by concerns following a Bloomberg report. The exposure to a bankrupt auto parts supplier, First Brands Group, could potentially cost the company up to 45 million dollars, impacting pre-tax income, signaling a clearly bearish sentiment.
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