February 5, 2015 / 12:12 PM / 3 years ago

Lazard adjusted profit rises 57 pct on higher advisory fees

Feb 5 (Reuters) - Investment bank and asset manager Lazard Ltd reported a 57 percent rise in adjusted quarterly profit due to a jump in advisory fees from higher M&A activity.

The company's adjusted net profit rose to $172 million, or $1.29 per share, in the fourth quarter ended Dec. 31, from $110 million, or 81 cents per share, a year earlier. (Reporting by Neha Dimri in Bengaluru; Editing by Maju Samuel)

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