Lazard adjusted profit rises 35 pct as M&A activity picks up

Wed Feb 5, 2014 7:11am EST

Feb 5 (Reuters) - Investment bank and asset manager Lazard Ltd reported a 35 percent increase in fourth-quarter profit as merger advisory revenue rose.

Lazard earned $110 million, or 81 cents per share, on an adjusted basis in the three months ended Dec. 31, up from $81.6 million, or 61 cents per share a year earlier.

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