Jefferies Gain Jumps To A Greater Extent Than Four-bend On Solid Trading

Jefferies profits jumps more than four-fold on solid trading
By Reuters

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









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Dec 20 (Reuters) - Investment bank building Jefferies Grouping LLC reported a astute gain in quarterly profit, compulsive by solid tax revenue in its equities and fixed-income securities trading concern.

Net profit attributable to Jefferies rose to $87.18 billion in the one-fourth canton terminated Nov. 30, from $19.96 million a twelvemonth to begin with.

Total equities and Memek frozen income receipts More than twofold to $325.38 meg.

Jefferies, a unit of measurement of Leucadia Home Corp, kicks polish off the reporting mollify for investing Sir Joseph Banks and is oft viewed as an index number of the operation of Surround Street Banks. (Reporting by Richa Naidu in Bengaluru; Redaction by Saumyadeb Chakrabarty)