Investment bank Jefferies investment LLC has reported net earnings of $ 215 m in the third quarter of 2016 , a $ 2.06 m rise on assets , due to an increase in trading revenue . The bank ’s overall trading revenue increased by 86 % to $ 343.64 m , with the bank ’s fixed - income trading revenue standing at $ 195.34 m , an improvement from 2015 ’s loss of $ 18.15 m . However , the bank ’s investment business fell to $ 294.93 ##m , a 10 % drop in a continuing growth for 2016 due to a lack of IPOs and acquisitions .
Investment bank Jefferies Group LLC has reported net earnings of $41.7m in the third quarter of 2016, a $2.06m rise on 2015, due to an increase in trading revenue. The bank’s overall trading revenue increased by 86% to $343.64m, with the bank’s fixed-income trading revenue standing at $195.34m, an improvement from 2015’s loss of $18.15m. However, the bank’s investment business fell to $294.93m, a 24.3% drop in a continuing trend for 2016 due to a lack of IPOs and deals.