trending Market Intelligence /marketintelligence/en/news-insights/trending/2OhVC7UNlYakl8gJ1cVcuQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Strong i-banking revenues boost Jefferies fiscal Q4'16 results

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Strong i-banking revenues boost Jefferies fiscal Q4'16 results

Jefferies Group LLC reported net earnings attributable to the company of $87.2 million for the fourth quarter of fiscal 2016, up from $20.0 million in the same quarter last year.

Net revenues for the quarter increased to $741.8 million from $513.1 million in the prior-year quarter. Investment banking revenues for the quarter rose to $415.1 million from $372.9 million in the year-ago period.

Rich Handler, chairman and CEO, and Brian Friedman, chairman of the executive committee, said the results reflect a strong performance in investment banking and core equities business. "Our investment banking results benefited from a record quarter of advisory fees, as well as increasingly active new issue capital markets," they said in a joint statement.

By source, advisory revenues increased to $224.3 million from $210.7 million in the prior-year quarter. Equities and fixed income revenues totaled $325.4 million for the quarter, up from $132.1 million in the year-ago quarter.

For the full fiscal year 2016, Jefferies Group reported net earnings attributable to the company of $15.4 million, compared with $93.5 million in the year ended Nov. 30, 2015. Net revenues for the year were $2.41 billion, compared with $2.48 billion in the previous year.

Fitch Ratings acknowledged that the company posted strong advisory revenues in the quarter but added that the results have no impact on its BBB-/F3 ratings and stable outlook on the company. The ratings reflect the inherently cyclical nature of the company's business, Fitch explained.