February 5, 2014 / 12:15 PM / 4 years ago

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

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below