Lehman Brothers announced a 77% increase in third-quarter profit. The increase can be attributed to record returns in its investment banking and investment management divisions, as well as strong international results, officials said.

For the period ending Aug. 31, the firm reported that the net income was $864 million, or, compared to $487 million, in the third quarter of 2004.

Overall, the revenue has increased by 47% to approximately $4 billion, versus $2.6 billion last year, the San Jose Mercury News reports.

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