Diversified Financials Sector Saw Increased Volatility in February, Jefferies Says

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The diversified financials sector experienced increased volatility during the February reporting season, with "more intense" share price reactions than in past reporting seasons despite mostly positive earnings results that beat consensus estimates, Jefferies said in a March 13 note.

The share price reactions were amplified with the sector's cross-sectional sample standard deviation of returns for February reaching over 11%, up from 7.7% in the August 2025 reporting season.

Additionally, the sector's monthly high-low spread averaged 21% in February, compared with over 16% in August 2025.

Jefferies maintained its buy rating on Generation Development Group (ASX:GDG) and lowered its price target to AU$7.55 from AU$8.40.

The financial services firm also reaffirmed its buy rating on Netwealth Group (ASX:NWL) and lowered its price target to AU$28 from AU$30.50.

Jefferies maintained its hold rating on Hub24 (ASX:HUB) and lowered its price target to AU$93.50 from AU$104.

The firm reiterated its buy rating on AMP (ASX:AMP) and lowered its price target to AU$1.50 from AU$1.75. It kept its buy rating on Computershare (ASX:CPU) and reduced its price target to AU$37.50 from AU$41.50.

Shares of Netwealth Group and Hub24 each gained 1% in recent Monday trade, while AMP's shares jumped 3%.

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