Jefferies Reports Solid Fixed Income Revenues for Fiscal 2019

Source: Finance Magnates 2020-01-09

Jefferies Financial Group Inc., an investment banking company, has filed its financial results for the final quarter of its 2019 fiscal year, as well as the full-year results, with the Securities and Exchange Commission (SEC)

The 2019 fiscal year for Jefferies ended on the 30th of November, 2019. Therefore, the fiscal year is from December 1, 2018, until the end of November. The final quarter from the fiscal year spans from September to November of 2019.

Starting off first with results for the fourth quarter, total net revenues came in at $747.8 million. When measuring this against the previous quarter, net revenues fell by 3.8 per cent. Net revenues for the final quarter of fiscal 2019 were also slightly lower by 1.9 per cent year-on-year.

Jefferies sees solid fixed income sales and trading

For the fourth quarter of fiscal 2019, the total equities and fixed income net revenues was $363 million. Unlike total revenues, this figure has actually managed to increase on both a quarterly comparison (up by 6.3 per cent) and when weighed against the same quarter of the previous year by 44.7 per cent.

Jefferies

Jefferies Reports Solid Fixed Income Revenues for Fiscal 2019

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