Reported 9 months ago
Jefferies Financial Group reported stronger-than-expected results, causing their stock to rise by 7% in early trading. The company's investment-banking revenue surged by 59% in the second quarter, pointing to a revival in dealmaking activities. This positive trend is expected to extend to larger Wall Street players like JPMorgan Chase and Citigroup, who are also anticipated to report earnings growth. Despite concerns about geopolitical tensions and Fed rates, global investment banking revenue is surpassing last year's figures, signaling a potential turnaround for the industry.
Source: YAHOO