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


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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