Top Firm Delivers Strong Performance – Good News For Rivals

(HITC Business) Jefferies Group, the investment bank owned by Leucadia National, said trading revenue surged 86%, a sign volatile markets following the U.K. vote to leave the European Union may not have harmed Wall Street’s bottom line.

Bloomberg News reports that total revenue from sales and trading climbed to $343.6m in the fiscal third quarter ended August 31 from $184.9m a year earlier, the investment bank said Tuesday in a statement.

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