Jefferies bank profits rocket

Tim Wallace
Follow Tim
INVESTMENT bank Jefferies yesterday reported solid growth in the second quarter of the year, seeing profits shoot up by more than 50 per cent.

Pre-tax profits came in at $99m (£58m), up from $65.5m in the same period of 2013.

Equity trading revenues rose 25 per cent to $177m, while equity capital markets income rose 56 per cent to $83.7m.

However, it was also hit by a five per cent dive in fixed-income trading revenues to $217.7m.