Jefferies Creams Goldman, Morgan Stanley, JPMorgan!

Jefferies Group, the investment bank that’s 1/28th the size of Goldman Sachs Group Inc., is more effectively avoiding trading losses this year than larger Wall Street firms, Bloomberg reports................ Jefferies said it had a trading loss on one day in the three months ended Aug. 31, bringing the total to three days for the first nine months of its fiscal year, according to regulatory filings from the New York-based bank. That compares with 29 days of trading losses at JPMorgan Chase & Co. (JPM) in the first six months of the year, 19 days at Morgan Stanley (MS) and seven days for Goldman...... Jefferies has cut its total assets by 24 percent since last year’s third quarter amid investor concern about its holdings in European debt. The firm’s shares declined 14 percent in November 2011 following the collapse of futures brokerage MF Global Holdings Ltd. (MFGLQ) Moody’s Investors Service, which is reviewing Jefferies’s credit for a possible downgrade, said last month the firm’s management is demonstrating “risk discipline” by maintaining a “liquid, less complex” balance sheet…................................................................................................................ Read all about it at http://www.bloomberg.com/news/2012-10-10/jefferies-beats-morgan-stanley-jpmorgan-on-trading-loss-days.html