Jefferies beat estimates for fourth-quarter profit on Wednesday, boosted by a rebound in dealmaking and strong underwriting, giving investors an early signal about the strength of Wall Street’s investment-banking business.
Banks have been buoyed by a rebound in merger activity, shaking off earlier pressures from spring tariff-driven market volatility and deal postponements tied to the October government shutdown.
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Renewed corporate confidence and a friendl… [3205 chars]
Source: Reuters | Published: 2026-01-07T21:21:22Z
Credit: Reuters
