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Jefferies Profit drops

  • Writer: Shubh Mehta
    Shubh Mehta
  • Mar 29, 2023
  • 1 min read

Their profits fell lesser than anticipated thanks to the strong capital market performance which is making up for the fall in deal making. Capital markets saw a growth by 33% on increased trading in equities and fixed income. Net income came in at $1.28bn.

The deal making industry as a whole has been having a difficult time thanks to the fed tightening the monetary policy.

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