Finance
Jefferies Sees Turnaround in Deals After Prolonged Drought
- Friedman says IPOs and M&A activity saw a pickup last month
- Firm’s second-quarter investment-banking revenue slid 26%
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Wall Street’s dealmaking businesses are showing signs of a turnaround and renewed momentum after a prolonged slump, according to Jefferies Financial Group Inc. President Brian Friedman.
Jefferies saw a pickup in initial public offerings and mergers and acquisitions activity last month, leading to more meaningful conversations with clients about future opportunities, Friedman said in an interview.