Investment bank Jefferies Financial Group reported a 52.5% decline in fourth-quarter profit on Monday, hit by lower underwriting fees and volatile markets that dented income from its trading desks.
Investment banks are buckling under pressure from a dearth of deals as companies refrain from mergers and acquisitions due to higher borrowing costs and geopolitical uncertainties such as the fallout from the Ukraine war.
Jefferies' total net revenue was down 18% at $1.44 billion, dragged lower by a 35% decline in investment banking and capital markets revenue.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Top Wall Street analysts pick these stocks to celebrate the new yearTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bumble.
Leer más »
Asian shares track Wall Street rally tipped by slowing U.S. wagesGains in technology shares boosted benchmarks in South Korea, Hong Kong and Taiwan. Japan's markets were closed for a holiday.
Leer más »
Mayor Kate Gallego apologizes to Wall Street Journal reporter handcuffed by Phoenix policeMayor Kate Gallego has personally apologized to the Wall Street Journal reporter who was handcuffed and detained by a Phoenix police officer the day before Thanksgiving.
Leer más »
Uber, Lyft shares boosted as Wall Street continues to like gig companies’ recession chancesUber and Lyft shares jumped in Monday trading as Wall Street analysts continued to suggest that gig companies could flourish in any coming economic pullback. $LYFT is trading nearly 9% higher:
Leer más »
Holiday shopping season not expected to save Wall Street as recession worries endureWhen fourth-quarter earnings results hit this week, the bar for companies will be low.
Leer más »
Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & moreAnalyst call of the day for CNBCPro subscribers: JPMorgan reiterates Netflix as overweight and says it’s staying bullish heading into Netflix earnings next week. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Leer más »