Sept 25 (Reuters) - Investment bank Jefferies

Financial's ( JEF ) profit more than tripled in the third

quarter as dealmaking and debt sales surged.

The results underscore a resilient economy that has

emboldened corporate executives to strike deals, buoying the

outlook for Wall Street giants.

Buyers are also taking on more debt to finance their

acquisitions, allowing underwriters to pocket bigger fees on

bond sales.

Corporate clients "are more confident to make decisions with

some stability and clarity of direction," regarding the economy

and interest rates, the company's President Brian Friedman told

Reuters. "There's increasing confidence that a workable

environment lies ahead."

The bank's results are often viewed as a prelude to earnings

at Wall Street titans such as JPMorgan Chase ( JPM ), Goldman

Sachs ( GS ) and Morgan Stanley ( MS ).

Jefferies' investment banking revenue soared 47%

year-over-year to $949 million. Capital markets revenue jumped

nearly 28% to $670.6 million, helped by equities.

"The environment is better, and in a better environment, you

reap the benefits of investments," Friedman added, referring to

the company's hiring spree in recent years.

"The pipeline remains strong... we're looking at a stronger

2025 driven by increased confidence in the intermediate to

longer-term environment, and pent-up demand."

The New York-based bank's net profit attributable to common

shareholders was $167.1 million, or 75 cents per share, for the

three months ended Aug. 31. It rose from $51.4 million, or 22

cents per share, a year earlier.

Revenue jumped 42% to $1.68 billion. Analysts had expected

$1.71 billion, according to estimates compiled by LSEG.

Jefferies shares, which shed a little over 1% in trading

after the bell on Wednesday, have gained nearly 55% this year,

outpacing rival Goldman Sachs ( GS ) and Morgan Stanley ( MS ), whose stocks

climbed 29% and 10%, respectively.