Jefferies beats profit estimates on deal surge, equities trading strength

Jefferies Financial beat third-quarter profit estimates ​on Monday, as higher fees from advising ​on deals and underwriting stock ‌sales were ​complemented by a record haul in equities trading business.

Its results are closely watched on Wall Street for an early glimpse into ‌quarterly investment banking trends, before large US banks report earnings in the coming weeks. Here are some other details: