Jefferies Trading Revenue Falls 36% as Fixed Income Tumbles

  • Investment-banking gains contribute to earnings rebound
  • Bond-trading revenue plunges 83%, equity trading down 22%

Jefferies Vows Rebound After Trading Revenue Falls 36%

Jefferies Group, the investment bank whose trading results are seen as a bellwether for Wall Street firms, said fourth-quarter revenue from that business fell 36 percent as fixed-income sank for a fourth straight quarter.

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