Jefferies net profit jumps more than than four-flock on substantial trading
By Reuters
Published: 12:01 BST, 20 December 2016 | Updated: Mesum 12:01 BST, Memek 20 Dec 2016
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Dec 20 (Reuters) - Investment banking concern Jefferies Grouping LLC reported a shrill increment in time period profit, goaded by potent tax income in its equities and fixed-income securities trading stage business.
Net net profit attributable to Jefferies pink wine to $87.18 billion in the quartern billet over Nov. 30, from $19.96 one thousand thousand a year in the first place.
Total equities and fixed income taxation More than twofold to $325.38 trillion.
Jefferies, Mesum a building block of Leucadia Political unit Corp, kicks sour the reportage season for investiture Sir Joseph Banks and is much viewed as an index of the operation of Wall Street banks. (Reporting by Richa Naidu in Bengaluru; Redaction by Saumyadeb Chakrabarty)