Jefferies Points to Dealmaking Revival on Wall Street

Results from Jefferies Financial Group show Wall Street dealmakers and trading desks are on the rise. Quarterly revenue from M&A advisory hit a record, at nearly $656 million, up 11% from a year prior. Investors are eager to gauge whether recent deals, such as the $55 billion take-private deal for videogame maker Electronic Arts, reflect private investors’ improving confidence that they can sell off past company bets and start placing new ones.

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