Tuesday, July 17, 2007

UPDATE 2-Jefferies profit soars on investment banking

(Reuters) - NEW YORK, July 17 - Jefferies Group Inc. ,
an investment bank focused on mid-sized companies, posted a
larger-than-expected 49 percent increase in second-quarter
earnings on Tuesday driven by its expanding advisory and
underwriting businesses.




Profit rose to a record $67.8 million, or 45 cents a share,
from $45.6 million, or 32 cents a share, a year earlier. That
exceeded the average analysts' estimate of 39 cents a share,
according to Reuters Estimates.


Read more at Reuters.com Bonds News

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