
Jefferies Profit Drops on Pullback in Deals, Capital Markets
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Jefferies Financial Group Inc. 's fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with activity hurt by uncertainty around US policy and geopolitics.
Total revenue slipped 8.4% to $1.59 billion in the three months through February, the New York-based firm said in a statement Wednesday. The results mark a reversal from a year ago, when momentum in trading and deals was starting to build.

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