For the latest quarter period ended on 31 May 2012, the bank’s net earnings to common shareholders stood at $63m ($72m on a non-GAAP basis after excluding certain items), against $81m during the same period previous year.
Its Investment Banking net revenues declined $31m to $297m in the first quarter, against $328m during the first three months of 2011.
As per the financial data released by the lender, its fixed income net revenues jumped of 31% to $293m versus $223m during the corresponding period previous year.
Jefferies chairman and chief executive officer Richard B Handler said the bank’s results reflect its continued strength in investment banking and the durability of its sales and trading platform, despite the challenging market environment that again evolved during the quarter.
"We believe Jefferies is unique today in our intense focus on offering an integrated, global capital markets platform to our clients and an entrepreneurial culture to our employee-partners," Handler added.
The bank offers a full suite of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, and also select asset and wealth management strategies, in the US, Europe and Asia.
