Former Reporter

Jefferies Group's fiscal second-quarter earnings rose 55% as the firm reported strong results in its investment-banking and equities-trading units, outweighing a drop in fixed income trading revenue.

The investment bank's results, often seen as a barometer for results to follow from larger rivals, come after JP Morgan Chase and Citigroup in recent weeks warned that second-quarter trading revenue would be down sharply on continued weakness in fixed income, currencies and commodities trading.

Growth in investment banking and equities trading lead the securities firm's growth

Saabira Chaudhuri

Tess Stynes, The Wall Street Journal

Leucadia National

Citigroup

JP Morgan Chase

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Jefferies profit rises 55%

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