(Bloomberg) -- Jefferies Group, the securities firm owned by Leucadia National, said profit rose 68% as stock underwriting more than doubled and investment- banking revenue reached a record.

Net income for the fiscal fourth quarter, which ended Nov. 30, climbed to $120.1 million from $71.6 million a year earlier, New York-based Jefferies said today in a statement. The firm was acquired in March by Leucadia, whose quarter ends Dec. 31.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access