Reuters: Private Equity: Jefferies profit falls 21 pct

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Jefferies profit falls 21 pct Jun 19th 2012, 12:09 June 19 | Tue Jun 19, 2012 8:09am EDT June 19 (Reuters) - Investment bank Jefferies Group Inc posted a lower second-quarter profit, weighed down by weak equity trading volumes and lower earnings from its underwriting business. The company earned $63.5 million, or 28 cents per share, compared with $80.6 million, or 36 cents per share, a year earlier. Revenue fell 2 percent to $711 million.

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