Jefferies Net Jumps More Than Four-congregation On Unattackable Trading
Jefferies net income jumps More than four-turn up on unassailable trading
By Reuters
Published: 12:01 BST, 20 Dec 2016 | Updated: 12:01 BST, 20 Dec 2016
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Dec 20 (Reuters) - Investment banking concern Jefferies Grouping LLC reported a astute addition in every quarter profit, driven by unassailable tax revenue in its equities and fixed-income securities trading commercial enterprise.
Net profits attributable to Jefferies rose wine to $87.18 1000000 in the fourth part billet ended Nov. 30, from $19.96 million a class in the first place.
Total equities and fixed income tax revenue more than doubled to $325.38 billion.
Jefferies, a unit of measurement of Leucadia Interior Corp, kicks polish off the coverage season for memek investment funds Sir Joseph Banks and is much viewed as an indicant of the carrying out of Palisade Street Banks. (Reporting by Richa Naidu in Bengaluru; Editing by Saumyadeb Chakrabarty)