Jefferies Announces Second Quarter Financial Results
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management.
Specialisms
- Corporate & Investment Banking
- Capital Markets
- Asset Management
- Alternative Investments
- Wealth Management
- Trading Technology
- Accounting & Finance
- Credit
- Legal
- Risk
- Compliance
- IT / Infrastructure
- Human Resources
- Operations
- Corporate Comms & Marketing
- Secretarial & PA
NEW YORK, July 22, 2008 -- Jefferies Group, Inc. (NYSE: JEF) today announced financial results for the second quarter ended June 30, 2008.
Highlights for the second quarter ended June 30, 2008: Net revenues were $392 million. Commissions and principal transactions (trading revenues) were a record $244 million. The net loss for the second quarter of 2008 was $4.4 million after $15 million in severance costs.
"In the face of a market environment that continues to be challenging, Jefferies achieved significantly improved financial results in the second quarter," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "Our firm remains in a strong financial and market position with excess liquidity, a solid business base, and a platform positioned to perform as conditions improve. We thank our clients, employees and shareholders for their continued support," he added.
"In the face of a market environment that continues to be challenging, Jefferies achieved significantly improved financial results in the second quarter," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "Our firm remains in a strong financial and market position with excess liquidity, a solid business base, and a platform positioned to perform as conditions improve. We thank our clients, employees and shareholders for their continued support," he added.
