Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Jefferies Group Q2 Revenues Up 13%

American investment banking firm Jefferies Group has posted net revenues of $670m for the fiscal second quarter ended May 31, 2010, an increase of 13% compared to $590m, in the same period last year.

For the fiscal 2010 second quarter, the company posted net income attributable to common shareholders of $85m, or $0.41 per diluted share, compared to $62m, or $0.30 per diluted share, for the corresponding quarter in 2009.

Net revenues for the five month period ended May 31, 2010, increased 7% to $999m versus $932m in the prior year six month period ended Jun 30, 2009.

Net income to common shareholders increased 18% to $119m, or $0.58 per diluted share, in the five month period, versus $100m, or $0.49 per diluted share, in the prior year six month period.

Richard Handler, chairman and CEO of Jefferies, said: “We are pleased with these solid quarterly results, as they were achieved during a volatile operating environment. Equities, fixed income and investment banking each contributed significantly by bringing quality ideas and execution to our global client base.”