Home>Topics>>UPDATE 3-Jefferies results beat estimates on higher fixed-income revenue
UPDATE 3-Jefferies results beat estimates on higher fixed-income revenue
Reuters: Telecommunications Services
Tue, 18 Dec 2012
Dec 18 (Reuters) - Jefferies Group Inc reported a higher-than-expected adjusted quarterly profit as the investment bank benefited from higher earnings from its fixed-income unit, indicating the bond market will drive results at larger investment banks.
Overblown credit fears and several technical factors have created attractive opportunities in the municipal - bondmarket , says Nuveen Investments' John Miller.