Jefferies Fixed-Income Revenues Remain Resilient in Q1 2019

Jefferies Financial Group Inc., an investment banking company, has published its financial results for the first quarter of its 2019 fiscal year ended February 28, 2019.

During the three-month period, the company achieved total net revenues of $686 million. This is down by around 10 percent than the total net revenues achieved in the final quarter of fiscal 2018, which was $762 million.

Investment Banking net revenues, however, fell steeply by 46.7 percent to reach $278 million. During the previous quarter, the company achieved a result of $522 million.

As highlighted in the statement, this figure is well below normal due to the impact of poor market conditions in December, coupled with the shutdown of the US Government in December and January.

Jefferies Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and Fixed Income Revenues Remained Resilient

Total Equities and Fixed Income net revenues, however, remained resilient during the quarter and managed to reach $371 million. When measured against the previous quarter, which reported net revenues of $251 million for the segment, Q1 of 2019’s result is higher by 47.8 percent.

The Chief Executive Officer (CEO) of Jefferies Group, Rich Handler and the company’s President, Brian Friedman said in a joint statement: "We are pleased with our first quarter results as they reflect resilient and solid performance in the face of an extremely challenging environment.

“The trading environment was especially poor throughout December and our results in both Equities and Fixed Income are excellent considering the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and risk of this period."

“While our Investment Banking results are sub-par relative to historical standards and trend, these results are acceptable to us and not indicative of anything going forward, activity was very light during the December market downturn and this was further exacerbated by the government shutdown for five weeks to the end of January.”