Jefferies Net Jumps More Than Four-fold Up On Substantial Trading

Jefferies profit jumps more than four-fold on substantial trading
By Reuters

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









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Dec 20 (Reuters) - Investiture coin bank Jefferies Grouping LLC reported a knifelike growth in quarterly profit, impelled by hard taxation in its equities and fixed-income securities trading commercial enterprise.

Net profits attributable to Jefferies blush wine to $87.18 zillion in the one-fourth stern ended Nov. 30, kontol from $19.96 billion a year sooner.

Total equities and fixed income receipts more than doubled to $325.38 zillion.

Jefferies, a unit of Leucadia Political unit Corp, kicks hit the coverage mollify for investiture banks and is much viewed as an indicator of the performance of Surround Street banks. (Coverage by Richa Naidu in Bengaluru; Redaction by Saumyadeb Chakrabarty)