Jefferies Financial Group Inc. Reports Strong Earnings in First Quarter

Jefferies Financial Group Inc. has announced a 35% increase in revenue to $1.74 billion in the first quarter ending February. The company attributes this growth to improved debt and equity underwriting, as well as stability in concerns about inflation and interest rates. The capital-markets business also contributed significantly to the profit, experiencing its third-best quarter on record. Additionally, investment-banking revenue surged 31% to $739.7 million, signaling a potential comeback in dealmaking activity.