Investment bank Lazard Ltd on Friday reported an 8per cent fall in second-quarter adjusted earnings per share, a smaller drop than analysts had expected, as the slowdown in corporate dealmaking due to the COVID-19 pandemic weighed.
FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange in New York, U.S., April 24, 2019. REUTERS/Brendan McDermidREUTERS: Investment bank Lazard Ltd on Friday reported an 8per cent fall in second-quarter adjusted earnings per share, a smaller drop than analysts had expected, as the slowdown in corporate dealmaking due to the COVID-19 pandemic weighed.
Lazard, whose business is split between financial advisory and asset management, said earnings per share was 67 cents, well ahead of a median of analysts' expectations for 38 cents, according to Refinitiv, and compared to 73 cents a year earlier.