Jefferies (JEF) Q2 results reflect a marked improvement in IB revenues. So, other banks - JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) - will fare resoundingly well too.
FedEx stock broke out of a base following the company's earnings report. And a financial company's annual profits are expected to grow 167%.
The resurgence of IB business and solid trading performance support Jefferies' (JEF) fiscal Q2 results, leading to higher net revenues. A rise in operating expenses acts as an undermining factor.