Jefferies' Q1 2017 revenue also marks an improvement from the $751.769 million it recorded in the quarter ending Nov. 30, 2016.
Recap
Here is a recap of Jefferies' revenue per business unit versus what was recorded in the prior quarter:
- Commissions and other fees: $145.822 million, down from $157.549 million.
- Principal transactions: $220.957 million, up from $137.362 million.
- Investment banking: $408.021 million, down from $415.067 million.
- Asset management fees: $8.926 million, up from $1.319 million.
- Interest: $202.023 million, nearly unchanged from $202.002 million.
- Other: $24.048 million, down from $26.661 million.
"Our Investment Banking results reflect an improved Debt Capital markets performance, a solid contribution by Equity Capital Markets and another good quarter for our Advisory activities," Rich Handler, chairman and CEO, and Brian Friedman, chairman of the executive committee said in the press release. "The sales and trading environment was reasonably robust for much of the quarter."
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