Lazard falls as CEO warns of squeeze on dealmaking

Investment bank Lazard's LAZ.N shares down 2.5% at $38.8 after CEO warns of pressure on dealmaking

"The drivers for M&A (mergers and acquisitions) activity remain strong. But there is an overhang of uncertainty right now," says CEO Peter Orszag

Heightened volatility in market with the ongoing tariff war between the word's two largest economies, U.S. and China, has weighed on dealmaking

LAZ beats Q1 profit estimates on outperformance in its asset management division

Asset management revenue fell 4% from year ago but beat Street expectations - data compiled by LSEG

Posts Q1 adj. net income of 56 cents per share vs estimates of 38 cents

Reports AUM of $231 billion, nearly 6.5% lower from a year earlier

With current session moves, LAZ down 24.44% YTD