Jefferies posts record revenue on dealmaking


Strong outlook: People walking past Jefferies Financial Group office in Manhattan, New York. The latest quarter was its best period ever for advisory revenue, as deal activity picked up and market conditions improved. — Reuters

NEW YORK: Jefferies Financial Group Inc posted its best fiscal third-quarter revenue ever, buoyed by what the firm said is a strengthening environment for dealmaking and trading activity across the globe.

Total revenue for the three months through August jumped almost 22% to US$2.05bil, the firm said in a statement Monday.

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