Jefferies Executive Chairman: M&A, Debt, Equity Backlogs Are Strong |
| Wall Street Journal - Mar 22, 2011 |
Jefferies Group Inc. (JEF) Executive Committee Chairman Brian Friedman said the investment bank's backlog for its mergers-and-acquisitions business as well as equity-and debt-related transactions remain strong.
During a fiscal first-quarter conference call with analysts, Friedman said Jefferies completed 114 capital-markets transactions during the quarter, including 82 debt deals, 40 of which where it served as a book-runner.
The remaining 32 transactions were equity offerings or placements, 81% of which were book-run deals, he said.
During the call, Chairman and Chief Executive Richard Handler said he believed Jefferies was "gaining market share across all businesses."
Earlier Tuesday, Jefferies said its fiscal first-quarter earnings rose 21% as the company benefited from continued strength in its investment-banking division as well as principal-transactions revenue which nearly doubled from a year ago.
Read Full Article from Wall Street Journal
- Posted: 2011-03-22 09:43:11
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