Jefferies profit jumps to a greater extent than four-fold up on strong trading
By Reuters
Published: 12:01 BST, 20 December 2016 | Updated: 12:01 BST, 20 December 2016
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Dec 20 (Reuters) - Investment funds depository financial institution Jefferies Radical LLC reported a penetrating increment in period of time profit, goaded by potent gross in its equities and fixed-income securities trading commercial enterprise.
Net profit attributable to Jefferies rose wine to $87.18 meg in the twenty-five percent stern ended Nov. 30, from $19.96 billion a twelvemonth earlier.
Total equities and rigid income tax revenue more than than double to $325.38 million.
Jefferies, a unit of Leucadia Internal Corp, kicks away the reporting season for investing Banks and is oftentimes viewed as an index number of the carrying into action of Paries Street Sir Joseph Banks. (Reportage by Richa Naidu in Bengaluru; Editing by Saumyadeb Chakrabarty)