Jefferies Group Slips To Loss In Q4 - Quick Facts

(RTTNews) - Jefferies Group LLC, a wholly-owned subsidiary of Leucadia National Corp. (LUK) reported fourth-quarter net loss attributable to the group of $92.4 million, compared to net earnings of $109.9 million in the comparable quarter last year.

Loss before income taxes was $101.5 million, compared to earnings of $175.7 million in the prior-year quarter.

Quarterly net revenues were $537.6 million, compared to $950.5 million in the year-ago period.

Investment banking net revenues declined to $316 million from $417 million last year, primarily as a result of dampened capital markets activity due to the unsettled markets, which in turn led to the postponement of deals into future periods.