BUZZ-Jefferies rises after Q4 profit triples

Reuters

01-09

BUZZ-Jefferies rises after Q4 profit triples

** Shares of investment bank Jefferies JEF.N up 1.3% at $81.18 in trading after the bell

** JEF's fourth-quarter profit more than triples on investment banking strength

** In the fourth quarter, the company's investment banking revenue soared nearly 73% to $986.8 mln

** Bank's net profit attributable to common shareholders was $205.7 mln, or 91 cents per share, for the three months ended Nov. 30, compared with $65.6 mln, or 29 cents per share, a year earlier

** Jefferies shares gained 94% in 2024

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

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