Reported 2 days ago
Jefferies Financial's profit surged over threefold in the fourth quarter due to increased fees from advisory services and strong underwriting activity, as reported on January 8, 2025. The investment bank benefitted from favorable market conditions, declining interest rates, and an optimistic corporate outlook toward mergers and acquisitions, leading to a nearly 73% rise in investment banking revenue and a total revenue increase to $1.96 billion. Analysts expect continued robust deal-making activity in 2025.
Source: YAHOO