We recently published a list of 10 Companies Mirror Wall Street Downturn. In this article, we are going to take a look at where Jefferies Financial Group Inc. (NYSE:JEF) stands against other companies mirroring Wall Street downturn.
Investment banking revenues soared at Jefferies Financial in the fourth quarter, a positive sign for Wall Street as bigger banks prepare to report their results next week.
The holiday period was the last time for Wall Street financiers to catch a breath before Donald Trump is handed the keys to the White House on January 20th. Even if he does not make Canada the 51st state or annex Greenland,
Jefferies Financial's profit more than tripled in the fourth quarter as the investment bank earned higher fees from advising on deals and underwriting activity remained strong, it reported on Wednesday.
While higher longer-term bond yields can be a benefit to net interest income growth and margins for lenders, they can also signal additional pressure on consumers and slow the pace of borrowing.
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