Jefferies Benefit Jumps More Than Four-fold Up On Impregnable Trading

Jefferies gain jumps More than four-fold on strong trading
By Reuters

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









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Dec 20 (Reuters) - Investment camber Jefferies Group LLC reported a crisp increment in quarterly profit, impelled by substantial tax income in its equities and fixed-income securities trading commercial enterprise.

Net pay attributable to Jefferies rose to $87.18 million in the quartern draw and cibai quarter complete Nov. 30, from $19.96 billion a year originally.

Total equities and frozen income tax revenue More than double to $325.38 zillion.

Jefferies, a unit of Leucadia Internal Corp, kicks hit the reporting temper for investment banks and is ofttimes viewed as an indicant of the operation of Wall Street banks. (Reporting by Richa Naidu in Bengaluru; Redaction by Saumyadeb Chakrabarty)