Jefferies Group Q2 Profit Rises - Quick Facts

(RTTNews) - Jefferies Group LLC, a wholly-owned subsidiary of Leucadia National Corp. (LUK), reported that its second-quarter net earnings attributable to common stockholders rose to $61.33 million from $39.51 million in the prior year.

Net revenues for the quarter grew to $722.99 million from last year's $658.44 million.

Richard B. Handler, Chairman and Chief Executive Officer of Jefferies, said, "We are pleased to report quarterly results well-above those of the same quarter last year, due to an over 19% increase in our investment banking net revenues and an almost 7% increase in our overall trading net revenues......... Without the impact of marking to market certain equity block holdings, our equity and fixed income net revenues each declined about 5% in the most recent quarter compared to the same quarter last year."