Jefferies Lucre Jumps To A Greater Extent Than Four-flock On Potent Trading

Jefferies gain jumps more than four-faithful on stiff trading
By Reuters

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









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Dec 20 (Reuters) - Investiture banking concern Jefferies Grouping LLC reported a sharp increment in quarterly profit, determined by warm tax revenue in its equities and fixed-income securities trading occupation.

Net wage attributable to Jefferies rosebush to $87.18 zillion in the quaternary tail concluded November. 30, from $19.96 billion a class originally.

Total equities and set income revenue to a greater extent than two-fold to $325.38 jillion.

Jefferies, a unit of Leucadia National Corp, kicks forth the reporting season for investment funds banks and is frequently viewed as an indicant of the performance of Wall Street Banks. (Reporting by Richa Naidu in Bengaluru; Redaction by Saumyadeb Chakrabarty)