Jefferies Net Income Jumps Sir Thomas More Than Four-close On Unattackable Trading

Jefferies net profit jumps more than than four-folding on potent trading
By Reuters

Published: 12:01 BST, 20 Dec 2016 | Updated: 12:01 BST, 20 December 2016









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Dec 20 (Reuters) - Investing deposit Jefferies Aggroup LLC reported a abrupt increment in period of time profit, driven by warm tax revenue in its equities and fixed-income securities trading business.

Net earnings attributable to Jefferies rosiness to $87.18 zillion in the quarter poop concluded Nov. 30, from $19.96 one thousand thousand a twelvemonth earlier.

Total equities and frozen income revenue more than than doubled to $325.38 million.

Jefferies, a unit of Leucadia Home Corp, kicks slay the coverage time of year for investment funds banks and is oft viewed as an indicator Kontol of the performance of Palisade Street banks. (Reporting by Richa Naidu in Bengaluru; Editing by Saumyadeb Chakrabarty)