Dec 20 Investment bank Jefferies Group LLC
reported a sharp increase in quarterly profit, driven by strong
revenue in its equities and fixed-income securities trading
Net earnings attributable to Jefferies rose to $87.18
million in the fourth quarter ended Nov. 30, from $19.96 million
a year earlier.
Total equities and fixed income revenue more than doubled to
Jefferies, a unit of Leucadia National Corp, kicks
off the reporting season for investment banks and is often
viewed as an indicator of the performance of Wall Street banks.
(Reporting by Richa Naidu in Bengaluru; Editing by Saumyadeb