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Lazard posts 34% drop in second-quarter profit

Lazard posts 34% drop in second-quarter profit

Reuters · 07/28/2022 06:47
Lazard posts 34% drop in second-quarter profit

- Lazard Ltd LAZ on Thursday reported a 34% drop in second-quarter profit as dealmaking globally stood at a fraction of last year's record levels.

The bank reported adjusted income of $96 million, or 92 cents per share, for the quarter ended June 30, compared with $146 million, or $1.28 per share, a year earlier.




(Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)

((Manya.Saini@thomsonreuters.com;))