Jefferies boss Richard Handler seems a bit too cool in the face of wobbly markets. AntonyMCurrie
Jefferies Financial reported first-quarter earnings attributable to common shareholders of $45 million on March 28. Revenue of $828 million was 7.5 percent lower than the same period last year.Fixed-income trading revenue fell 7.6 percent from last year’s first quarter to $197 million, while equities-trading revenue increased 12 percent to $176 million. Underwriting revenue fell 58 percent to $105 million.
Chief Executive Richard Handler and President Brian Friedman said the results were “acceptable to us and not indicative of anything going forward.” They also noted a “robust” backlog for mergers and capital raisings, and a “good” trading environment.
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