Lazard first-quarter profit dives as dealmaking slows down
ReutersApr 25, 2025 10:33 AM
April 25 (Reuters) - Investment bank Lazard LAZ.N reported a 9% drop in its first-quarter adjusted profit on Friday, as companies steered away from making deals amid economic turmoil due to tariffs and likelihood of a trade war.
Lazard posted a net income of $60 million, or 56 cents per share, on an adjusted basis for the first quarter, compared with $67 million, or 66 cents apiece, a year earlier.
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