Jefferies' profit surges on bumper investment banking performance
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Jefferies Group (NYSE:JEF) reported a significant increase in fourth quarter profit, driven by strong performance in its retail banking division. Pre-tax earnings more than tripled to $304.9 million, with net revenue rising 63% to $1.96 billion.
January 09, 2025 | 2:00 pm
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Jefferies Group reported a strong Q4 with pre-tax earnings tripling and net revenue increasing by 63%, driven by its retail banking division.
The significant increase in Jefferies' earnings and revenue, particularly driven by its retail banking division, is likely to positively impact its stock price in the short term. Investors often react favorably to strong financial performance, especially when it exceeds expectations.
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