Jefferies Financial Group Inc. moved to soothe a growing fear among investors over the fallout from the bankruptcy of its client, auto-parts seller First Brands, by saying any impact to its finances can be readily “absorbed” and wouldn’t impact its business.

It seemed to work, at least for now, as investors were looking for any clarity on the situation. The stock

JEF rallied 4.9% in afternoon trading on Monday. A close in positive territory would snap a 10-session losing streak, which was the longest such streak since a 13-day stretch that ended May 18, 2012.