Bloomberg News reports that fixed-income revenue dropped to $153.4m in the three months ended May 31 from $217.7m a year earlier, the company, which is owned by Leucadia National, said Tuesday in a statement.
Total net revenue at Jefferies climbed 9.4% to $791.6m as the equities and investment-banking divisions won more business.
The rest of Wall Street tracks Jefferies’s trading results for clues about how larger rivals, which close their quarters a month later, are faring.
'Our momentum has continued in investment banking', Handler, 54, said in the statement. 'Our equity net revenues were strong'.
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