Earnings: Piper Jaffray, Jefferies Group
Piper Jaffray's earnings fell 27% with net income falling to $15.1 million while Jefferies reported a loss of $24.2 million.
Bond market struggles led to a decline in profits for Piper Jaffray Cos. and Jeffries Group Inc.’s fourth quarters.
Piper Jaffray’s earnings fell 27% as a result of turbulent capital market conditions that led to weaker results in high-yield and structured products.
The Minneapolis, Mi
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