✉news BusinessMarkets first seen 6 h ago, last 1 h ago, peak #20
Jefferies' record equities haul offsets asset management slump
Jefferies reported record equities revenue that cushioned weaker results in its asset management business. The investment bank's trading performance helped offset the slump elsewhere, drawing attention from markets watchers assessing how Wall Street firms are faring amid uneven conditions across business lines.
Why now: Jefferies' latest results show record equities revenue compensating for weakness in asset management, a talking point for markets observers.
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