NEW YORK, March 22, 2011 -- Jefferies Group, Inc. (NYSE: JEF) today announced financial results for its fiscal first quarter ended February 28, 2011.
Highlights for the three months ended February 28, 2011 versus the three months ended March 31, 2010:
Record net revenues of $758 million, up 31% versus $580 million
Income to Common Shareholders of $87 million, up 21% versus $72 million
Net earnings per common share of $0.42, up 20% versus $0.35
Investment Banking revenues of $239 million, up 21% versus $198 million
Global Trading revenues of $495 million, up 32% versus $375 million
"We are pleased to report Jefferies best quarterly revenues in our history and our second most profitable quarter ever," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "We believe we are on the right track to balance the realization of solid short-term growth and results, with the important investment needed to allow Jefferies to continue to evolve long-term and continue to be the best firm possible to serve our clients, employees and shareholders."
A conference call with management discussion of these financial results will be held today, Tuesday, March 22, 2011, at 9:00 AM Eastern. Investors and securities industry professionals may access the management discussion by calling 877-710-9938 or 702-928-7183. A one-week replay of the call will also be available at 800-642-1687 or 706-645-9291 (conference ID # 49569122). A live audio webcast and delayed replay can also be accessed at Jefferies.com.
Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.
For further information, please contact:
Peregrine C. Broadbent
Chief Financial Officer
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