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Jefferies Gets Earnings Out Faster Than CEO Can Leap Out Of A Jacuzzi Filled With Ice Water

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Fresh off the greatest Ice Bucket Challenge of all time, Richard Handler threw his clothes back on and raced to the office to put the finishing touches on Jefferies’ third-quarter results, which he expects you’ll be suitably impressed by.

Jefferies Group LLC, in an early release of financial results, reported a sharp increase in preliminary net earnings for its fiscal third quarter driven by gains in fixed-income trading and mergers advice….

Investment banking revenue at Jefferies was up nearly 45% from the same quarter last year, reflecting a broader surge in advisory businesses across Wall Street. Fixed income, meanwhile, rebounded to $207 million, up from $33 million a year earlier.

Jefferies Earnings Rise Sharply [WSJ]


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