Earnings: Jefferies, Wells Fargo, State St.
Jefferies’ net fell 16% due to lower asset-management-fee income and higher interest expenses.
Jefferies Group Inc. today said its third-quarter net earnings fell 16% from the prior year to $38.8 million, or 26 cents per share, due to declining asset management-fee-income and increasing interest expenses. In the comparable period a year ago, the firm reported $45.9 million in net earnings.
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