Jefferies Reports Preliminary Fiscal First-Quarter 2014 Financial Results
March 04 2014 - 8:00AM
Business Wire
Jefferies Group LLC today announced preliminary financial
results for its fiscal first quarter 2014. Jefferies will release
additional details about its first quarter 2014 results on March
18, 2014. These preliminary quarterly results are being released in
advance of Jefferies’ normal earnings release schedule in light of
the Leucadia and Jefferies conference call to be held later this
morning on March 4, 2014 and, as such, the preliminary release of
earnings is a one-time occurrence.
Highlights estimated for the three months ended February 28,
2014:
- Total Net revenues of $875 million
- Pre-tax earnings of $175 million
- Net earnings of $105 million
- Equity net revenues of $170
million
- Fixed Income net revenues of $280
million
- Total Sales and Trading revenues of
$450 million
- Investment Banking revenues of $410
million
Our holdings in Knight Capital and Harbinger Group Inc. were
both marked down in the first quarter by $15 million in aggregate.
The impact of the mark down is recorded as part of our estimated
net revenues.
Jefferies, the global investment banking firm focused on serving
clients for over 50 years, is a leader in providing insight,
expertise and execution to investors, companies and governments.
The firm provides a full range of investment banking, sales,
trading, research and strategy across the spectrum of equities,
fixed income, foreign exchange, futures and commodities, as well as
wealth management, in the Americas, Europe and Asia. Jefferies
Group LLC is a wholly-owned subsidiary of Leucadia National
Corporation (NYSE:LUK), a diversified holding company.
Jefferies Group LLCPeregrine C. Broadbent, 212-284-2338Chief
Financial Officer
Leucadia (NYSE:LUK)
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